Pepe Coin ($PEPE) has shocked the crypto market with a near 58% surge over the past month, pushing it into the spotlight of memecoin investors. With a market cap of $5.88 billion and bullish momentum on its side, many are asking: is 1 cent a realistic long-term target?
Trump Hype and Community Sentiment Fuel the Rally
Much of the recent excitement traces back to a viral post by Donald Trump on Truth Social. Though focused on Trump himself, the image subtly featured the $PEPE frog mascot in the background—a signal that fueled a surge of optimism and speculation in the community.
This pop-culture moment triggered waves of investor interest, driving $PEPE to outperform its meme coin competitors even amid market-wide consolidations.
Open Interest, Volume, and Funding Rates Signal Bullish Strength
Market data reveals a surge in enthusiasm:
- Open Interest jumped by 9.81%.
- 24-hour Trading Volume spiked 31.8%, surpassing $2.7 million.
- Weighted Funding Rate stayed positive for nine consecutive days—signaling traders are paying premiums to stay long.
Search interest also paints a bullish picture, with $PEPE outpacing Dogecoin’s Google Trends index score despite DOGE’s significantly larger market cap.
Is $0.01 Possible for $PEPE?
Currently trading around $0.000014, $PEPE faces a major obstacle: its massive supply of 420.69 trillion tokens. To reach 1 cent, its market cap would need to balloon to $4.21 trillion—surpassing Bitcoin, Apple, and even the GDPs of most countries.
Elon Musk’s AI tool Grok echoed the sentiment, suggesting the target is “mathematically improbable” in the short to medium term.
Price Action and Technical Outlook
- Support Zone: $0.00001120 to $0.00001200
- Immediate Resistance: $0.00001550 to $0.00001750
- Major Resistance: $0.00002200 (previous peak)
- RSI: 58.86 – neutral but leaning bullish
A confirmed breakout above $0.00001550 could reignite bullish momentum, while a breakdown below $0.00001200 may end the current rally.
Bottom Line
Pepe Coin remains a powerhouse in the memecoin space. While hitting 1 cent is highly unlikely without a dramatic supply burn or ecosystem change, $PEPE’s short-term setup suggests potential upside remains—especially with ongoing community and influencer support.
