The Pepe coin price is soaring again and is up 22% on Tuesday in the daily time frame.
Data from CoinGecko reveals that the Pepe price recorded a new all-time high late on Monday, peaking at $0.0000107 with a market capitalization of $4.5 billion.
The rally resulted in the frog-themed meme coin breaking into the top 25 cryptocurrency list by market capitalization on CoinMarketCap, currently placed at the 24th spot.
Experts believe that Pepe coin will soon break into the top 10, driven by a strong whale and retail interest in the meme coin.
However, it will have to stave off new meme coins that are now competing for its market share. For instance, the new meme token Dogeverse has raised over $15 million in its ICO and is tipped to be the next 100x crypto.
Pepe Coin Price Surges – How High Can It Go?
The Pepe price currently stands at $0.00001, trading at this level for the first time since March 15th.
The meme coin is up 22% over the past 24 hours and has doubled since hitting its local bottom in April.
However, experts believe that Pepe coin still remains undervalued and could maintain its bullish trajectory over the coming days.
Crypto analyst Captain Faibik identified that a bullish flag upside breakout is what has resulted in the current Pepe price rally. However, the meme coin has still not reached its price target, which stands at $0.0000168, up nearly 70% from the current price.
$PEPE #PEPE +30% Profit so far Since the Bullish Flag Upside Breakout..📈 https://t.co/5uv6AwfH56 pic.twitter.com/NY0JA9YjRC
— Captain Faibik (@CryptoFaibik) May 14, 2024
Crypto social media influencer UNKNOWN TRADER is also backing on more potential upside for the meme coin. He opened a long position on Pepe coin at $0.000083 and has since hit all his price targets.
However, he reveals that he has added another target at $0.0000123 for the “moon bag”.
Another Pepe bull and social media influencer Plazma believes that Pepe coin will lead the meme coin supercycle and enter the top 10 cryptocurrency list on CoinMarketCap.
+245 new $PEPE holders today.$PEPE hit new ATH today, congratulation 🥳$PEPE can no longer be stopped, we will get to top 10 and probably top 3 by market cap.$PEPE will hit $420B and lead the meme supercycle.
💚🐸 https://t.co/D21A00hvpn pic.twitter.com/uI7AHOete2
— Plazma (@Plazma0x) May 13, 2024
This target may be lofty but is far from impossible. Currently, Cardano stands at the 10th spot on CoinMarketCap, with a market capitalization of $15 billion. Considering Pepe’s popularity and the strong demand for meme coins in this bull market, Pepe could surpass this valuation in the coming weeks, if not in May.
Is Dogeverse The Next 100x Meme Coin?
The demand for new meme coins is just as high as for Pepe, owing to their low-cap nature. Multichain meme coin Dogeverse is the new viral entrant in the space, raising over $15 million in its ICO in the first few weeks.
Dogeverse is the first meme coin to be launched on six different blockchain ecosystems, including Ethereum, Solana, Polygon, BNB Smart Chain, Avalanche and Base.
Experts believe that this multichain move could prove to be a game-changer for Dogeverse. The meme coin will launch on popular DEXs and CEXs in each blockchain ecosystem, gaining maximum eyeballs and creating a frenzied demand.
Additionally, token holders can enjoy the USPs of each of the blockchains, such as the low trading fees on Solana and lucrative staking rewards on Ethereum. In fact, investors buying Dogeverse with ETH can stake their holdings in the presale and start to accumulate passive income, currently at an APY of 58%.
The Dogeverse meme coin is currently available at $0.00031 during its presale. However, several experts believe that the token will skyrocket after its launch, potentially even delivering 100x returns.