Can PEPE Turn Your $100 Investment into a Small Fortune?

• PEPE stages price recovery after surging by more than 100 percent in two weeks from its June low.

• According to data, PEPE has a bullish market sentiment and can surge higher when the market does not get affected by a stronger force. 

PEPE coin saw a considerable decline after staging a massive bull run to create millionaires overnight. However, the asset staged a pullback to trade down the price curve. According to the latest data, the PEPE coin is in recovery mode and has surged by more than 100 percent in two weeks from its June low. Interestingly, investor sentiment has gone incredibly high, indicating that the price can surge even higher. 

As of press time, the meme coin had surged by 7 percent in the last 24 hours, 12 percent in the last seven days, 37 percent in the last 30 days, and 2,970.00 percent in the last 90 days. Comparatively, Dogecoin is up by 5 percent in the last seven days and down by 6 percent and 29 percent in the last 30 days and 90 days respectively. Shiba Inu is also up by just 2 percent in the last seven days, and down by 10 percent and 31 percent in the last 30 days and 90 days respectively. 

The current bounce back of PEPE is expected to awaken the interest of crypto investors to possibly send its market cap from $683,796,980 to $1 billion. However, analysts believe that some huge developments would have to accelerate such a move to a $1 billion market cap. Some of these include the approval of BlackRock’s Bitcoin Exchange-Traded Fund application and an announcement of the asset finding its way to the Coinbase exchange. 

PEPE Could Surge Even Higher, But the Liquidity Issues?

With a current price of $0.000002, analysts believe that the asset is currently guided by support and resistance levels of $0.000001 and $0.000002 respectively. When the asset breaks into this resistance price level, investors with $100 in their portfolio can record some decent gains. However, when the price breaks into its support level, another bearish run could be triggered. 

CoinMarketCap data indicates that the PEPE coin is the number one trending token on the platform. On the list of highest gainers over the last day, the meme coin finds itself in the top three.

The investors’ confidence in PEPE coin can be linked to its huge impact on the crypto industry immediately after being launched. It can be recalled that an investor who swapped 0.125 ETH, then worth $250, for 5.9 trillion PEPE made a $1.02 million gain in just a few days. While it can likely enable investors to make fortunes overnight, its liquidity has been a huge concern.

An analyst observed that even though an investor made a $1.02 million profit on PEPE, there was a difference between the valuation of assets on paper and real cash held. 

Grzegorz Drozdz, market analyst at Conotoxia Ltd explained:

With 5.9 trillion PEPE tokens in their portfolio, it would take 46,200 years to liquidate these assets, assuming non-declining demand. Any attempt to exit the position more quickly could lead to the price falling even below the purchase level.

Drozdz compared this to billionaires seeking to monetize their wealth. In this case, their share prices can totally collapse in an attempt to sell the wealth. He believes that while PEPE can indeed multiply gains by a significant margin, it would be very difficult to convert them to real cash. 

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