The recent increase of 30% in the price of Pepe (PEPE) has garnered global attention from investors. With the meme coin reaching a new all-time high, there is speculation about the possibility of a 100x gain.
Currently, Pepe is trading at approximately $0.00001350, with a market cap of about $5.7 billion. A 100x gain would require Pepe to reach a market cap of $570 billion, which would be a significant leap. Given that even Ether (ETH), the cryptocurrency powering the widely-used Ethereum blockchain, has a market cap of $450 billion, a 100x surge for Pepe seems quite ambitious in the short-term.
Despite the ambitious goal, the future looks promising for Pepe. Traders have been avidly purchasing this Ethereum-issued meme coin, driven by expectations of Ethereum ETF approvals from the SEC. The anticipation of accelerated growth within the Ethereum ecosystem has led many to believe that Pepe could stand as one of the primary beneficiaries.
While Pepe’s market cap is significantly smaller than that of Dogecoin, there is still potential for substantial growth. If Pepe were to catch up to Dogecoin’s market cap, it could still achieve 10x gains from its current position. This indicates that the price of Pepe has the potential to surge towards $0.00010, effectively erasing another zero.
Meanwhile, for investors seeking even greater returns of 50-100x, early adoption of a promising meme coin is crucial. One such contender is Dogeverse, a new meme coin with cross-chain capabilities that has been generating significant excitement within the market. Dogeverse, which aims to be the multi-chain equivalent of Dogecoin, is set to launch on the six most popular blockchains, excluding Bitcoin. Its cross-chain bridging capabilities have further bolstered its appeal, positioning it as a “Doge with superpowers.”
During its presale, Dogeverse has already raised over $15 million, indicating strong interest from investors. Given the excitement surrounding the token, those interested in potential high returns should consider getting in early ahead of its official launch.
In conclusion, while aiming for a 100x surge may be overly ambitious for Pepe in the near future, the momentum behind the meme coin remains robust. With growing optimism stemming from the Ethereum ecosystem and the emergence of promising meme coins like Dogeverse, the future of meme coin investments presents an intriguing landscape for investors looking for substantial returns.
