The post Will Pepe Coin Price Realistically Hit $1? appeared on BitcoinEthereumNews.com.

Pepe Coin price has sold off as the ongoing crypto meltdown accelerates, with Bitcoin falling from its all-time high. Can the third-biggest meme coin bounce back and hit $1, as one popular crypto analyst expects?  Crypto Analyst Predicts Pepe Coin Price Can Hit $1 Pepe Coin price has retreated this week and moved into a technical bear market after falling by 30% from its November high. This crash mirrors that of other meme coins like Dogecoin, Popcat, and Floki.  Still, one analyst believes that Pepe can still stage a remarkable comeback and surge to $. In an X post, Comet, who has more than 81,000 followers, said that he bought 1 million Pepe coins, paying $19 for the transaction. He now expects that he will become a millionaire when the coin jumps to $1.  Crypto Analyst Sees Pepe Hitting $1 Can Pepe price jump to $1 as some other meme coins like Dogwifhat, Popcat, and Peanut the Squirrel have done? Pepe trades at $0.00001824, meaning that it would need to jump by 5,482,352% to get to $1.  Pepe has a market cap of over $7.6 billion, meaning that a jump to $1 would bring its valuation to $416.6 trillion, a figure that is higher than the combined market cap of all publicly traded companies and the world GDP of $105.4 trillion.  As such, while anything is possible in the crypto industry, it is highly unlikely that Pepe coin price will jump to $1 any time soon.  PepePrice Analysis: Patterns Point To A Rebound A keen technical analysis of Pepe shows that the ongoing pullback may be short-lived as the coin has formed numerous bullish patterns. First, Pepe is in the process of forming a falling wedge chart pattern, which is characterized by two falling and converging trendlines. This pattern results…

---

Filed under: News - @ November 26, 2024 7:28 pm