PEPE, the meme coin that brands itself as “The Real Doge Killer”, has seen significant growth over the past week. The cryptocurrency just “ate a zero”, now trading above $0.000001 after a 70% price pump in the last 7 days.
Popular YouTuber Mathew Perry, who has over 200k subscribers, shared his insights on PEPE’s potential in a recent video. Perry highlighted PEPE’s massive token burn and increased marketing efforts as key catalysts for future growth.
“They burned 6.9 trillion coins. They have a massive burn that happened recently,” said Perry on the recent burn of almost $6 million worth of tokens.
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While optimistic on PEPE, Perry also cautioned that the meme coin still has room to grow to compete with more established players like DOGE. “Pepe looks amazing but let’s actually compare everything and understand the situation,” he said. Perry believes the token burns help increase PEPE’s upside potential. “I’m excited about Burns because it increases the ceiling,” he remarked.
The YouTuber also noted the meme coin’s new team of advisors and increased marketing efforts. “A new team of advisers have been brought on to guide Pepe forward,” he said, adding “Marketing opportunities are currently being explored.”
Perry believes these efforts have renewed interest in the project. “The Burns kind of lit a fire under people and now you’re seeing the potential of what Pepe could be,” he stated.
In terms of price prediction, the crypto influencer sees a possibility for PEPE reaching a multi-billion dollar market capitalization. “My overall price prediction or let’s say market cap prediction would be up in the level of you know that 10, 20, and possibly $30 billion,” he projected.
Perry compared PEPE’s potential to DOGE’s peak market cap of $80-90 billion and SHIB’s $40-60 billion. “In my opinion, [PEPE] could be worth multiple billions while Dogecoin might be worth 80-90 billion at some of the higher points where it hovers,” he said.
The YouTuber remains upbeat on meme coins gaining traction during bull markets. “If I’m looking at the overall bull market and something that is as popular as Pepe that could pick up and kind of had the same amount of traction that Shinu had during their bull cycle,” Perry concluded.
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The post PEPE Just “Ate a Zero” After 70% Pump, Could Reach Multi-Billion Dollar Market Cap According to Crypto Influencer appeared first on CaptainAltcoin.
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