Pepe price continues to surge in a high-volume environment as investors persist in piling in. The token also surged following Ethereum’s ascent and its crossing of the important resistance level at $2,500 for the first time since February. Pepe Coin price has now jumped by over 165% from its lowest level this year. Let’s explore whether it can realistically jump to $1 by 2030.
Can Pepe Coin Price Jump to $1?
Pepe price has surged in the past few days as investors bought the dip, and as the Ethereum price continued its strong momentum. Ether, the chain on which Pepe is based, rose to $2,580 over the weekend and may keep going up this week.
The main driver for crypto market prices is that geopolitical risks are falling now that the US and China are on talking terms. In a statement, Scott Bessent, the Treasury Secretary, noted that the two had made a lot of progress in their two-day talks in Switzerland.
Now, with the Pepe Coin price surging, the question is whether it has more upside, potentially to the psychological point at $1.
While everything is possible in the crypto market, odds are that the token will never hit $1. That’s because the coin is trading at $0.000014, meaning it needs to jump by 7.14 million percent to achieve that milestone.
Such a move would bring its valuation to over $4.213 trillion. That valuation would make it bigger than all economies except the United States, China, and Germany, and more valuable than all global firms except Apple.
Most importantly, cryptocurrencies often move in sync with each other. If the current Pepe and Bitcoin ratio remained constant, Bitcoin would be $1.54 quadrillion, which is not realistic.
Most Realistic Pepe Price Prediction
The daily chart reveals that the Pepe Coin price has rebounded, aligning with our predictions made several times here, here, and here. It surged after hitting a key support at $0.000005466, forming a large double-bottom pattern with a neckline at $0.000028.
Pepe price has crossed the 50-day and 100-day Exponential Moving Averages (EMA), while the Average Directional Index (ADX) has risen to 27, a sign of gaining momentum.
The next important level to watch will be at $0.00001716, the highest swing on May 28. A break above that level will point to more gains to the neckline at $0.00002838, which is about 106% above the current level.
To estimate the double-bottom target, we first subtract $0.000005466 from $0.000028, which is 0.000022981. Adding this price to the neckline at $0.000028 gives the most likely Pepe Coin target at $0.00005135, which is about 275% above the current level.
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