Pepe Coin Price Prediction as PEPE Rockets Up 100% in 7 Days – Can PEPE Reach $1 in 2023?
Pepe Coin (PEPE) has been pumping hard in the last 24 hours.
As per CoinGecko, the cryptocurrency has surged a massive 80% in the last seven days.
At current levels near $0.00000115, PEPE is up more than 90% versus its September lows at $0.0000006.
The token’s pump comes as the broader crypto market rallies on optimism about near-term spot Bitcoin (BTC) Exchange Traded Fund (ETF) approvals.
Pepe also got a helping hand on Tuesday after Pepe Coin’s official X account announced that a new team had arrived to guide the token forward, and they had burnt 6.9 trillion tokens worth around $6 million from the project’s wallet.
6.9T $PEPE Tokens worth ~$6,000,000 have been burned. https://t.co/aN5LRUFz8u
A new team of advisors have been brought on to guide Pepe forward. Uses for the remaining 3.79T tokens attributed to the original team CEX multi-sig wallet for strategic partnerships and marketing… pic.twitter.com/JN3ssvH0XL
— Pepe (@pepecoineth) October 24, 2023
The announcement read that uses for the team’s remaining 3.79 trillion tokens, such as for strategic partnerships and marketing opportunities, are currently being explored.
Pepe’s big pump since the start of the week has seen it break convincingly to the north of a downtrend that had been in play going all the way back to July and all of its major moving averages.
That means a near-term test of the summer highs around $0.0000019 remains a strong possibility, particularly as broader market sentiment continues to improve.
That could mean swift near-term gains in the region of 60% for Pepe.
With the broader market pumping, Pepe could be in the early stages of a new bull market.
Could the token ever reach as high as $1?
Well, seeing as there are 4.2 quadrillion tokens (that’s right,
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