Can PEPE Become the Next Dogecoin?

PEPE is following the path of Dogecoin, to some extent. With the endorsement of Elon Musk and the support of the community, PEPE is ready for a price increase in 2025, looking very similar to Dogecoin in 2021. Dogecoin was initiated in 2013 as a joke based on the “Doge” meme, which featured a Shiba Inu dog. For years, this was a niche cryptocurrency with no backing or serious purpose, but that all changed with Elon Musk’s participation. In 2021, Musk started tweeting about Dogecoin, calling it the “people’s cryptocurrency” and even dubbing himself the “DogeFather.” Immediately, the price of Dogecoin surged. However, Musk didn’t stop at social media, instead, he went on to make Dogecoin useful in real life. Tesla, his electric car company, has started accepting Dogecoin as a payment method for its goods. The space exploration company has also done the same. All of these developments have turned Dogecoin from a meme into a real currency that people can use for transactions. After Dogecoin, Musk’s influence is now heading towards PEPE. The inspiration for this new meme currency is the meme ‘Pepe the Frog’, which has been an internet icon for many years. The new PEPE token is newer and has a smaller market capitalization than Dogecoin. He shared a meme about Pepe the Frog, in which he declared, “Explain the constitutional amendments.” After that, the PEPE token quickly became popular after its launch in April. Can PEPE Reach the Heights of Dogecoin? The big question now is whether PEPE can reach the same level of success as Dogecoin. Although PEPE’s market capitalization is currently much smaller, this currency has been able to grow very quickly thanks to Musk’s involvement. In fact, if Musk officially supports PEPE, this currency will easily achieve a huge level of popularity and price, just like what happened with Dogecoin. Some people still speculate that Tesla will accept PEPE as a way to pay for services, but so far nothing is certain, although this would significantly increase the credibility and visibility of PEPE. However, it is likely that more than Musk’s influence will be needed to sustain PEPE. Once again, the hype surrounding this currency is a determining factor in the success or failure of PEPE, as in the case of Dogecoin. Data from CoinMarketCap shows that due to this error, PEPE has increased by 54.7%. PEPE’s official Twitter account even quoted Musk’s tweet, commenting on the “meme takeover”. The influence of Elon Musk is considered very important because his tweets can cause tremendous price fluctuations in the cryptocurrency market. For example, another meme coin, Milady Meme Coin (LADYS), surged 12,056% after Musk’s tweet about it. Another meme coin that skyrocketed due to Musk’s influence is Kekius Maximus, abbreviated as KEKIUS, which has surged more than 3,000% since Musk named it on his Twitter. However, the price of KEKIUS has dropped significantly since Musk changed his profile name. In summary, Elon Musk’s tweets and actions often cause meme coin prices to soar, but they can also drop quickly when this billionaire focuses on other purposes. Pepe’s stock price has increased by 34% since its lowest point in mid-December, with a strong surge after Elon Musk changed his profile picture from the letter X to Pepe the Frog in a warrior costume. This change from Dogecoin to Pepe has increased the price of this currency, from $0.0000144 on December 24 to a peak of $0.00002828. Currently, it is trading at around $0.00002025. The analyst compares it to Dogecoin and predicts it could see significant growth in the bull market in 2025, possibly reaching a value of 40 to 125 billion dollars. This currency is even currently trading more than Dogecoin in volume, with 3.8 billion dollars in 24-hour trading, compared to Dogecoin’s 1.9 billion dollars. As the popularity of Pepe increases, other themed coins like Pepe Unchained, which is releasing tools to create memecoins without coding, and Wall Street Pepe, which is building a platform for trading memecoins and providing rewards, also emerge. The previous sale of Wall Street Pepe raised $38.5 million in the first month, benefiting from the hype surrounding Pepe. Analysts are very optimistic about the PEPE coin, comparing its price movement to that of Dogecoin during the 2021 price surge. They believe that PEPE is following a similar pattern, with prices increasing while Bitcoin breaks all-time highs, and predict that PEPE will continue to rise even higher, just like Dogecoin did in 2021. Last year, the price of PEPE followed a similar pattern to Dogecoin in 2020, and since then, the market capitalization of PEPE has surged from $600 million to over $8 billion. With a 1,400% increase as of the current time, this price surge is just the beginning. Crypto analysts are also optimistic, some pointing out that PEPE is forming a “price hike flag” or “price hike signal” on its chart. These patterns suggest that PEPE may continue to rise, possibly reaching $0.000038 in the near future. Currently, PEPE is cooling off a bit but still trading around $0.00002017.