- Dogecoin and Bitcoin Cash are showing weakness as funding rates turn negative and futures market sentiment sours.
- However, consistent spot market buying suggests dip buyers may help stabilize prices if key support levels hold.
In a market known for its wild swings and meme-fueled rallies, one coin has once again captured the imagination of hopeful investors—Pepe (PEPE). With the crypto market recently enduring one of its steepest downturns in the past year, bargain hunters are turning their eyes to this frog-themed memecoin as it bounces back from a massive price correction.
PEPE, which soared to an all-time high of $0.00002803 in December 2024, has since dropped by 73.5%. But savvy investors know: in crypto, downturns often spell opportunity. Trading at just $0.000007447, PEPE now offers the chance to scoop up one million coins for roughly $7. That’s pocket change for a potential fortune.
Also read: Dogecoin and Bitcoin Cash Price Forecast: Bearish Funding Rates Signal Trouble, But Dip Buyers Show Hope
Despite the slump, PEPE has shown signs of life. Over the past month alone, it’s up 4.2%, and since mid-April, it has gained an impressive 31.3%. Whether this momentum can be sustained is anyone’s guess—but for now, the frog is hopping upward.
Could $7 Turn Into $1 Million?
The math is simple but steep. For a single PEPE coin to hit $1, it would need to surge by a jaw-dropping 13,428,126%. According to crypto exchange Changelly, such a leap might be possible by October 2040—15 years from now.
Others are less optimistic. Analysts at Telegaon don’t foresee PEPE reaching $1 before 2050. Their most bullish projection sees the coin hitting $0.41, which would still turn a $7 investment into a hefty $410,000.
Still, in a market driven as much by memes as metrics, surprises happen fast. If another bull run like 2021 takes shape, PEPE could defy expectations and leap ahead of schedule.
So, is PEPE the next Dogecoin or just another crypto fad? No one knows for sure. But with a low entry point and high upside potential, this memecoin might just be the cheapest ticket to crypto riches today.
