As the Pepe (PEPE) price continues to pump to new record highs, with PEPE up 30% in the past 7 days, investors are asking whether 100x gains for the meme coin might be possible.
Pepe was last trading around $0.00001350, giving it a market cap of around $5.7 billion.
100x gains would see Pepe reach a market cap of $570 billion.
Almost all crypto experts would agree that, in the short-term anyway, Pepe doesn’t stand much chance of going this high.
Ether (ETH), the cryptocurrency that powers the most widely used/adopted smart-contract-enabled blockchain Ethereum, only has a market cap of $450 billion.
Pepe Price Prediction – How High Can It Go?
While aiming for 100x gains is likely overly ambitious given Pepe’s already large market cap, its outlook remains strong.
Traders have been buying the Ethereum-issued meme coin aggressively amid growing expectations for Ethereum ETF approvals from the SEC.
BlackRock seals the deal for me
They’ve only lost ONCE when trying to get an ETF approved
The Ethereum spot ETF is coming!! pic.twitter.com/rM0AfmaXc3
— borovik (@3orovik) May 22, 2024
These traders seem to be betting on Pepe as a major beneficiary of accelerated Ethereum ecosystem growth.
Pepe’s market cap is still 4x lower than Dogecoin’s. And Dogecoin could yet 2 or 3x this bull market.
If Pepe catches up, that means it could still post 10x gains from here.
That would imply that the Pepe price has the potential to erase another zero to hit $0.00010.
Pepe Alternative to Consider – Multi-chain Meme Coin Dogeverse (DV)
Most investors would be more than happy with 10x gains. But many meme coin investors are hunting bigger upside of 50-100x.
The best way to bag these bigger gains is to get in early on a new meme coin gem.
One meme coin that the team at Cryptonews thinks fits this bill is Dogeverse.
One small step for man, one giant leap for multi-chain. #Memecoins #Solana #Altcoins #Ethereum #Crypto #MemeCoinSeason2024 #Web3 pic.twitter.com/bbKMU5qtA4
— DogeVerse (@The_DogeVerse) May 14, 2024
Dogeverse is a new meme coin with unique cross-chain capabilities and is generating considerable excitement in the market.
Dogeverse seeks to be the multi-chain equivalent of Dogecoin and is launching on the six most popular blockchains (excluding Bitcoin).
Dogeverse’s cross-chain bridging capabilities further enhance its appeal, making it a “Doge with superpowers.”
Currently in presale, Dogeverse has raised over $15 million. Interested investors should get in quick ahead of the token’s official launch.
The post Pepe Price Prediction as PEPE Pumps Up 30% and Hits a New All-Time High – 100x Possible? appeared first on Cryptonews.
