Pepe (PEPE), the popular frog-themed memecoin, was not spared in the latest crypto market bloodbath. According to CoinGecko data, PEPE’s price has fallen by 4.9% in the last 24 hours, 18.3% in the last week, 24.2% in the 14-day charts, 29.4% over the last month, and 74.7% since November 2024. PEPE’s latest price dip has pulled the asset down to its March 2025 level. Let’s discuss if you should consider buying the memecoin during the ongoing dip.
Should You Buy Pepe During The Price Dip?
PEPE had incredible success within days of its launch in April 2023. The asset continued to show strong performance figures over the last few years, hitting an all-time high of $0.00002803 in December 2024. Since its peak in December of last year, PEPE has faced quite a steep correction. The memecoin’s price has fallen by more than 82% since its 2024 high.
While PEPE’s current predicament is alarming, there is a high chance that prices will rebound over the coming months. The current market dip is likely due to low chances of another interest rate cut in 2025. Moreover, Federal Reserve Chair Jerome Powell’s cautionary October speech may have further spooked investors away from risky assets.
Also Read: Pepe Price Prediction For 2030, 2040, and 2050
Buying the dip is an excellent investment strategy that many veterans use. PEPE may recover its yearly losses over the coming months. Buying the memecoin now may lead to big gains in 2026. According to Telegaon analysts, PEPE could climb to a new all-time high of $0.0000296 in 2026. Hitting $0.0000296 from current price levels will entail a rally of nearly 490%. What this means is, if you invest in PEPE today, your money could grow by five times by 2026.
Nonetheless, there is also a chance that PEPE will not grow as predicted by Telegaon. The crypto market is still fragile, and volatility runs high. It is unclear when the market will recover and when investor sentiment will rebound.
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