Pepe Coin (PEPE) shot up over 100% in November 2024 and hit a record high of $0.000027. Now the question on everyone’s mind is whether it can hit 1 cent.
But PEPE’s recent success isn’t just about price action. Major exchanges like Binance.US and Coinbase have added the coin to their platforms, while new DeFi features like staking are giving it more practical uses.
Combined with its passionate meme community, PEPE has grown into the third-largest meme coin.
Meanwhile, PlutoChain ($PLUTO) is emerging as an innovative solution with a plan to revolutionize Bitcoin using Layer-2 technology that could make transactions faster and cheaper.
Let’s take a closer look at these developments.
Can Pepe Coin Reach 1 Cent? Analysts Weigh in on Pepe’s Future
In November 2024, PEPE’s price jumped by over 100%, which showed a surge in investor interest and market momentum.
By December, it hit a new all-time high of $0.000027, making it the third-largest meme coin by market cap.
Major cryptocurrency exchanges have played a big role in this growth. Platforms like Binance.US and Coinbase added PEPE to their listings, which made it easier for more people to trade the coin.
This wider availability led to a big boost in trading activity and liquidity.
PEPE has also found a place in decentralized finance (DeFi). It now offers options like staking and lending on various platforms, which adds more practical uses for the coin beyond just buying and holding it.
The meme-based roots of PEPE also give it a unique edge. Unlike some cryptocurrencies, it’s backed by a strong and enthusiastic community.
That kind of energy has proven to work wonders for tokens like Dogecoin and Shiba Inu in the past.
The meme market itself is another huge factor. Pepe the Frog, the inspiration for PEPE, has been an internet icon for years.
As of January 2, 2025, Pepe (PEPE) is trading at approximately $0.00002024, with a market capitalization of around $8.5 billion.
The current RSI is at around 56, which means PEPE is in the neutral zone.
CoinCodex predicts a 234.69% increase, which would bring PEPE’s price to $0.00006834 by February 1, 2025. Their technical indicators currently show a bullish trend for PEPE.
Crypto analyst Defi Omega predicts that PEPE is on the verge of a major breakout and expects it to surpass the $0.000023 resistance soon, with a near-term target of $0.00003.
PlutoChain’s ($PLUTO) Layer-2 Solution Could Speed Up Bitcoin
Bitcoin often struggles with network congestion, slow transaction speeds, and high fees. PlutoChain ($PLUTO) could address these issues with its innovative hybrid Layer-2 solution.
PlutoChain’s vision is to introduce a parallel network designed to run above Bitcoin’s main blockchain. This framework would reduce traffic on the mainnet, decrease transaction costs, and significantly enhance scalability. While Bitcoin’s 10-minute block time has been a drawback for a while, PlutoChain’s Layer-2 technology could reduce it to just 2 seconds through its own mainnet.
By doing so, it could transform Bitcoin from a simple store of value into a versatile platform capable of supporting smart contracts and enabling blockchain innovation. With its Ethereum Virtual Machine (EVM) compatibility, PlutoChain would bridge the gap between Bitcoin and Ethereum.
Developers would be able to migrate Ethereum-based projects to Bitcoin, which would unlock new opportunities for DeFi applications, NFTs, and AI-powered technologies. PlutoChain’s testnet has already processed 43,200 daily transactions, which showcases its ability to handle real-world demands easily.
The project has also undergone independent audits by SolidProof, QuillAudits, and Assure DeFi, which ensure its smart contracts and network infrastructure meet rigorous security standards.
PlutoChain also has a governance system through which it gives users a voice in decision-making by allowing them to vote on updates, partnerships, and other key developments.
The Bottom Line
PEPE shows strong potential with its growing DeFi presence and exchange listings, however, reaching 1 cent would require massive market movement. And for those looking beyond meme coins, PlutoChain ($PLUTO) might offer something truly different.
Its Layer-2 solution could be exactly what Bitcoin needs right now — faster transactions, lower fees, and smart contract capability, all while keeping Bitcoin’s rock-solid security.
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