Benzinga - One of the most talked about altcoins in the months of April and May has been PEPE token (CRYPTO: PEPE), a coin inspired by the popular Pepe the Frog meme.
After hitting all-time highs and a market capitalization of more than $1 billion, the coin has dipped in recent days.
Here’s a look at what an investment today would look like if new highs are reached.
What Happened: Pepe launched in mid-April and quickly soared in value. Unlike many meme coins that have come and gone, the cryptocurrency has increased the number of holders, its value and popularity.
Many early investors have made large returns on their investments.
On April 17, the coin took off and PEPE started to trend on Twitter, where hundreds to thousands of people tuned into several Twitter Spaces to find out more about the coin.
The coin is based on the Pepe the Frog meme created by artist Matt Furie. Because the meme is so well known, the coin has a built-in fan base and has seen continued interest.
After weeks of increased holders and valuation, the crypto reached a $1 billion market capitalization, becoming one of the quickest cryptocurrencies to ever reach the milestone.
Some holders have taken profits and the coin has dipped in recent days.
Future growth of holders and a valuation increase could be spurred by utility for the token and increased listing on cryptocurrency exchanges. Pepe was added to Binance recently, which helped increase holders and valuation.
Related Link: If You Invested $100 In Pepe Coin On April 17, Here's How Much You'd Have Today
Investing $100 in PEPE: A $100 investment in Pepe coin today could buy 52,438,384.90 PEPE, based on a price of $0.000001907 at the time of writing.
Pepe hit an all-time high of $.000004354 in early May.
The $100 investment would be worth $228.32 if PEPE returns to its all-time highs and could be worth more if it hits new highs.
This represents a return of 128.3%.
There is no guarantee that Pepe will return to its all-time highs.
The hypothetical investment shows that a small investment could gain over time if the cryptocurrency market returns to its high mark.
Read Next: PEPE Whales Swimming In Millions, Top 15 Holders Make Mind-Blowing Profits
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