Could PEPE Be The Next Dogecoin in 2025?

Bittime - Meme coin Pepe (PEPE) which is inspired by the Pepe the Frog meme, is often compared to Dogecoin (DOGE).

So, could PEPE be The Next Dogecoin in 2025? Read this article to find out more!

The Next Dogecoin 2025: PEPE and Dogecoin Similarities

Dogecoin, which launched in 2021, was once considered just a joke, but has now managed to become one of the largest crypto assets by market capitalization. 

Elon Musk's involvement has changed Dogecoin's image drastically. Musk's tweet calling Dogecoin "the people's crypto" made the price of Dogecoin soar sharply. 

This, PEPE also has influence from Elon Musk. Some time ago, Musk shared the Pepe the Frog meme, which immediately sparked a surge in PEPE's popularity and price. 

In fact, analysts predict that if Musk provides official support, PEPE could become The Next Dogecoin, reaching a level of popularity and price similar to Dogecoin

Read Also: Who is the creator of Pepe (PEPE) and what is the reason?

The Next Dogecoin 2025: PEPE Potential in 2025

Many analysts are optimistic that PEPE could become The Next Dogecoin, especially if the market enters a bull market in 2025. 

With a market capitalization that has risen from $600 million to over $8 billion in a short period of time, PEPE shows tremendous growth potential.

PEPE price movement in 2023 compared to Dogecoin in 2020, shows a similar pattern. 

Currently, PEPE price is expected to reach $0.000038 in the near future, with a more ambitious long-term target of reaching a market capitalization value of up to $125 billion.

The Next Dogecoin 2025: PEPE Ecosystem Development 

The popularity of PEPE has also encouraged the emergence of Pepe-based projects. For example, Pepe Unchained provides tools for creating meme coins without requiring coding skills.

There is also Wall Street Pepe, a meme coin trading platform. Pepe's Wall Street presale even managed to raise $38.5 million in just one month, which shows the huge market interest in the PEPE ecosystem.

Therefore, PEPE's chances of becoming The Next Dogecoin do not only depend on hype and Elon Musk's support.  

Read Also: How many Rupiah is 1 PEPE? PEPE Price Today 28 December 2024!  

PEPE FAQs

What is Pepe (PEPE)?

Pepe (PEPE) is a meme coin inspired by the character Pepe the Frog, a popular internet meme, so it immediately attracted the attention of investors thanks to its viral trend.

Does Pepe (PEPE) Have Real Utility?

As a meme coin, Pepe (PEPE) does not have significant technical utility like smart contracts. The value of these tokens is largely driven by community, trends, and market speculation.

Why is Pepe (PEPE) Popular?

Pepe (PEPE)'s popularity stems from its status as a meme coin, which has caught the attention of the crypto community and social media users. Viral trends and community support are the main factors driving the value of this token.

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Reference

Sneha Murali, Could PEPE become the next Dogecoin?, accessed December 8, 2024.

Author: IPR