In the past week, the value of the well-known memecoin Pepe (PEPE) experienced a remarkable surge of 65%, indicating a growing momentum and demand for the cryptocurrency. As Bitcoin (BTC) inches closer to the $69,000 mark and spot Ethereum ETFs gain approval, the overall cryptocurrency market is rebounding, which heightens the possibility of a bullish trend in memecoins. There is speculation surrounding the potential for memecoins like PEPE to undergo a significant boom this year, with predictions suggesting that PEPE could witness a 10 to 15-fold increase in value by 2024 or even reach $1 by 2030.
