Interest in Pepe has reached its highest levels on record as it becomes the first meme coin to topple Dogecoin in 24-hour trading volume.
Pepe has seen an increase of more than 20% since the early hours of Tuesday. Can it continue to climb, or will it present a cheaper entry later? The new Pepe themed tokens, Pepe Unchained and Wall Street Pepe, are also showing their strength today.
Pepe rocks Dogecoin on 24-hour volume
Pepe showed where traders’ attention currently lies by reversing Dogecoin’s trading volume.
Over the past 24 hours, Pepe tokens worth $3.88 billion have changed hands. Meanwhile, Dogecoin’s volume is half as high at $1.9 billion.
A well-known axiom in the cryptocurrency space is that “volume precedes price.” If that proves true this time around, Pepe could find himself at the foot of another parabolic rally.
https://twitter.com/chandlerbingpl/status/1874088556920225912
Musk-Trump alliance proves to be an asset for Pepe
Pepe the Frog has been widely used as a political meme. He was involved in the election of Trump in 2016 and reappeared in memes such as “MAGA Pepe” in 2024.
While Elon Musk’s favorite meme currency was Dogecoin during the last cycle, he recently shifted his focus to Pepe, likely due to his political affiliation.
Musk worked closely with President-elect Donald Trump in his election campaign and will even lead a new US government unit called the Department of Government Effectiveness.
Elon rebranded his X account this week, changing his name to Kekius Maximus and his profile image to Pepe the Frog dressed as a Roman gladiator. The exact reason for this change remains controversial, but it was the main driver of Pepe’s rally yesterday.
Judging by Musk’s wholehearted support for Dogecoin during the 2021 bull market, this is unlikely to be the last time Musk causes Pepe’s price to rise. In this context, the alliance between Musk and Trump could be considerably bullish for Pepe.
https://twitter.com/elonmusk/status/1873985108044091822
According to an analyst, “Pepe is the DOGE of this cycle”
In line with his pioneering trading volume and support from Elon Musk, prominent meme coin analyst Max Schwartzman suggests that “Pepe is the DOGE of this cycle.”
Based on this, Schwartzman suggests that Pepe has significant room for growth in 2025. He also points out that Pepe is trading at a significant valuation while Ethereum is stagnating around $3.5k, hinting at the possibility that Pepe could skyrocket as ETH gains momentum.
According to the analyst’s price chart, Pepe’s first target is a market cap between $40 billion and $50 billion, which would allow it to realize a gain of around 5 times its current price.
A more optimistic target is $125 billion, which would surpass Dogecoin’s 2021 high and give it a price of $0.0002972.
Since Pepe surpasses Dogecoin in terms of trading volume, we cannot rule out this possibility.
https://twitter.com/MaxBecauseBTC/status/1874111499523797071
Considering the aforementioned factors, these goals are undoubtedly on the table for Pepe in 2025. However, analysts are also optimistic in the short term. Javon Marks suggests that Pepe could rise to $0.00003750 in the coming days, marking a 95% increase from its current price.
-Marks notes that Pepe is showing major strength after a decline from his all-time high (ATH) set on December 9, 2024.
https://twitter.com/JavonTM1/status/1874087228038881452
Those looking to buy Pepe better act now and lock in the current price of $0.00001923.
These alternatives can outperform Pepe with 100X ROI
If Pepe achieves Max Schwartzman’s most ambitious goal of a $125 billion market cap, that would give it a 15x gain over its current valuation.
Although significant, these gains are marginal compared to what the Pepe coin has already provided. Since its launch in April 2024, Pepe has grown by 185,659,178%.
With this in mind, many traders looking to maximize their gains in the 2025 bull market are turning to new alternatives to Pepe. For example, Pepe unleasheda meme coin that launched the first Pepe-themed layer 2 Ethereum blockchain, is inclined to 100x.
While retaining Pepe’s memetic appeal, Pepe Unchained develops innovative technology that addresses Ethereum’s scalability problem, providing cheaper and faster transactions.
Layer 2 is online and working without a hitch, and the team is now preparing to launch the Pepe Pump Pad. This is a no-code coin generator that allows anyone to flip a coin in two clicks. It will launch in January and is expected to skyrocket activity in the Pepe Unchained ecosystem.
https://twitter.com/pepe_unchained/status/1873064188303819106
Despite its technological capabilities, Pepe Unchained currently trades at a bargain market cap of $30 million, leaving nearly 300x room to catch up with Pepe.
Another Pepe alternative that should have 100x potential is Pepe de Wall StreetThis project has the image of Pepe-cross-Jordan Belfort, and aims to raise an army of degenerate traders who “choose the rich”.
But not only is the branding on point, Wall Street Pepe also provides market-leading tools. $WEPE holders have access to trading signals, meme coin picks, trading insider group, staking and trading rewards.
This is a setup that helps the community make the most of the bull market. Wall Street Pepe is currently in pre-sale and has raised a whopping $38 million in one month.
An analyst from YouTube channel 99Bitcoins, which has 700k subscribers, recently said that $WEPE can grow 100x.
He highlighted the rapid momentum of Wall Street Pepe’s presale, which clearly indicates its attractiveness to investors. If this continues during its IPO, the buying pressure will drive its price higher.
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