Ethereum

Rally

Parabolic

PEPE

<a href="https://www.thecoinrepublic.com/2024/07/24/pepe-price-gains-864-in-the-last-year-heres-what-to-expect-next/">PEPE Coin</a>, the frog-themed memecoin built on the Ethereum blockchain, has continued to generate interest. This interest from the community and investors has helped boost the performance of the memecoin in the crypto space. PEPE has retained its relevance with growing partnerships in the competitive meme world. 
Analysts predict that if the memecoin sustains the current trajectory, the PEPE community might rake in substantial profits. For growth, there are three catalysts to watch projection moving forward. These include strategic partnerships by PEPE, the supportive community, and whale adoption of the memecoin. 
<h2 class="wp-block-heading" id="h-pepe-price-investment-avenues-broadens">PEPE Price: Investment Avenues Broadens</h2> 
In a notable move, the acquisition of the memecoin is now easy. In a post on X to update the community, PEPE stated that individuals can now invest in the asset through their retirement accounts. It said, 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “Boomers can now buy $PEPE with their 401(k) and Roth IRAs on iTrustCapital,” 
</blockquote> 
iTrust Capital lets investors to buy and sell cryptocurrencies by funding the trade using their retirement accounts. This move signals that even the older generation, “boomers,” can invest in the frog-themed asset. 
This development might prompt the traditionally cautious and less crypto-friendly investors to reconsider their stance. If this set of investors jumps on PEPE, the capital influx might boost the price of PEPE. 
The latest trend hints PEPE is a potential consideration, as many retirees are looking for ways to invest their funds. Crypto appeal has increased as a hedge against inflation in general and beyond Bitcoin to altcoins like PEPE. 
<h2 class="wp-block-heading" id="h-a-vibrant-memecoin-community-driving-market-sentiment">A Vibrant Memecoin Community Driving Market Sentiment</h2> 
Meanwhile, iTrust Capital has contacted the broader cryptocurrency ecosystem to woo the PEPE community. The firm emphasized the growing role of meme-based crypto like PEPE in shaping market trends and community engagement. 
Notably, the PEPE community significantly influences and supports the project. In the competitive meme space, the PEPE community has continued to hype the token with a vibrant presence on social media. This has fostered a sense of shared purpose as they update one another on the latest news and memes. 
With increased attention focused on PEPE, the token’s growth has picked up steam as more investors flow in. This boost might also ultimately lead to a price increase. 
<h2 class="wp-block-heading" id="h-pepe-whales-key-to-explosive-growth">PEPE Whales, Key to Explosive Growth</h2> 
Another likely reason to speculate on a parabolic rise in the PEPE price is the target traders have set. According to Whale Insider, traders want to grow PEPE’s market capitalization to $100 billion by 2025. 
PEPE’s market cap is approximately $4 billion as of this writing. Therefore, PEPE’s price would need to knock off two zeroes before the end of 2025 to achieve this&nbsp;<a href="https://www.thecoinrepublic.com/2024/10/09/pepe-coin-bullish-outlook-0-000020-in-sight/">ambitious target</a>. That is, the price of each of its 420 trillion tokens will be worth at least $0.000238. At the moment, data shows&nbsp;<a href="https://www.thecoinrepublic.com/price-prediction/pepe/">PEPE price</a>&nbsp;exchanging hands for $0.0000059425, down 2% in 24 hours. 
Analysts believe whales need to adopt PEPE for this to happen. A large purchase by whales may create scarcity and fuel upward price momentum. Also, the involvement of whales may lend credibility to the PEPE token and attract more retail investors. 
These large holders may also become notable voices in the PEPE community that will drive governance decisions later. 
These could include deciding whether to adopt a burn mechanism to regulate the supply and frequency of burns. Other ways would likely involve increasing the number of major exchanges that have PEPE listed for easy access to traders. 
The post <a href="https://www.thecoinrepublic.com/2024/10/10/3-reasons-why-pepe-price-could-be-due-for-parabolic-rally/">3 Reasons Why PEPE Price Could be Due For Parabolic Rally</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.

3 Reasons Why PEPE Price Could be Due For Parabolic Rally

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