Timothy St. John•Wednesday, January 29, 2025•2 min read
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The memecoin Pepe (PEPE) is climbing Wednesday morning after a steep downturn brought the price to $0.00001139 (PEPE/USD)- its lowest point since November.
Pepe Coin is climbing again, though a quick glance shows it has lost 1.24% over the last 24 hours. A closer inspection shows that it is going bullish, though, getting out of its rut and regaining lost ground. This coin gained more than 1,100% over the last 12 months, so it is still high but did recently return to where it was before the November election hype.
We expect this coin to do very well this week as it pulls away from the bearish trend and establishes a bullish upswing. Despite the recent decline, Pepe is looking strong and capable of hitting a new record high in the near future.
Will Pepe Prove a Good Long-Term Investment?
Memecoins are especially hard to predict because of their lack of utility, which is a problem with Pepe as well. This coin has done better than most in the memecoin space, grabbing the #28 spot on the cryptocurrency charts. It also skyrocketed through much of 2024. That shows that it does have some legs and that it is not likely to simply fade away with a whimper.
There is lots of support behind Pepe, and investors will not give up on it completely just because it went through a downturn. Because of its status as a memecoin, not a lot has to happen for the token to shoot back up again. As long as people perceive there is interest in it, they will continue to invest.
Why Pepe looks particularly promising in 2025 is because of the strong support that US President Donald Trump has shown for cryptocurrency. Memecoins benefit from that, even without specific hype surrounding from them, and Pepe will likely shoot up as new laws and a new framework goes into effect for cryptocurrency in the United States.
Where Pepe will run into some problems is when new memecoins enter the market and enjoy the push of fresh public interest. If Pepe cannot retain investor interest and public awareness, it will fade out, and it could easily be overshadowed by coins with similar support bases. Many Pepe investors could shift over to new memecoins as they are released to great hype, and that is where the Pepe coin will show its colors as a functionally useless token. Indicators of that nature are what Pepe investors should really watch for when they want to know when to bail.
Timothy St. John
Financial Writer – European & US Desks
