Crypto market sensation PEPE has been attracting considerable attention courtesy of its remarkable market actions, which have placed it in a pole position to become one of the most rewarding digital assets that have graced the crypto market space.
Despite the bearish market outlook in May, PEPE orchestrated one of the most bullish runs, breaking above its all-time high (ATH) on several occasions while rewarding both long-term and short-term holders tremendously.
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Source: GeckoTerminal
Consequently, several bullish predictions about PEPE’s price expansion potential are emerging, which has seen the token holders increase remarkably. On the flip side, some pessimists think that PEPE has exhausted its massive appreciation potential, which is quite understandable, considering that the token skyrocketed by over fifteen million percent in its first four months of gracing the crypto market.
$PEPE Massive Bull Flag 👀
You know what’s coming next 👇 pic.twitter.com/ssKKJUYMf6
— Elja (@Eljaboom) May 31, 2024
Amid the pessimism hovering around PEPE’s price expansion prospect, a renowned market analyst, Mister Crypto, is heavily bullish on PEPE’s growth potential, urging his followers to still invest in the meme coin and asserting that it is not too late to delve into the meme coin investment project.
PEPE Investment Remains A Viable Option With Massive Reward Potential
Taking to his verified X handle, Mister Crypto revealed why he envisages PEPE as a good investment option for traders hoping to earn remarkably off their crypto holdings.
According to him, the coin still boasts a remarkable 10X reward potential, underscoring the coin’s growth expansion despite already attaining a massive $6 billion market cap valuation. Going further, he stated, “A $60 billion price target is pretty realistic in a bull market.”
Many people think that it’s already too late to invest in $PEPE here…
But the truth is that $PEPE will still easily 10x from here IMO.
It’s only sitting at $6 billion marketcap.
A $60 billion price target is pretty realistic in a bull market.
— Mister Crypto (@misterrcrypto) June 1, 2024
How A 10X Price Increment Will Influence PEPE’s Investment
Per PEPE’s price readings on the popular crypto assets price tracker site, CoinGecko, PEPE is trading at approximately $0.0000155, reflecting a 3.7% upswing in the past 24 hours.
A 10X increment would see the token delete a zero in its selling price, culminating in a new $0.000155 ATH for the token. In addition, traders that invested $1,000 in PEPE now would scoop in profits of about $9,000, making it a juicy investment choice for investors willing to risk substantial funds.
Read More: PEPE Rallied 22% As Bullish Momentum Rises on Potential Coinbase Listing
Anticipated Timeline For PEPE To Delete A Zero From Its Selling Price
Estimating a potential timeline based on Mister Crypto’s analysis does not seem likely because his analysis did not have any chat attached, nor did he mention any probable timeline.
Nevertheless, we could still work with reputable crypto assets price prediction platforms to see when they anticipate PEPE at $0.000155. Firstly, we shall unveil what Changelly said about PEPE’s anticipated 10X surge.
According to Changelly, PEPE would most likely delete a zero in its selling price in 2031, when it would attain average and maximum prices of about $0.00013 and $0.00015, respectively.
Incredibly, Crypto2Community’s forecast tallied with Changelly’s prediction, corroborating earlier assertion that PEPE would most likely attain $0.000155 in 2031.
It is left to see how events unfold. For now, traders banking on PEPE’s investment should keep an open mind while observing the market closely, as the predictions from both Telegaon and Changelly, despite being uniform, should not be taken as an absolute basis to predict PEPE’s future trajectory.
Related: Latest Crypto Price Predictions
Disclaimer: Cryptocurrency is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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