PEPE gained 500 percent in one week: Why is it increasing?With the Memecoin trend sweeping the market,( which made 5x in a short time, dominated the market.Memecoins, which directly follow the breathless rise of Bitcoin (BTC), continue to rock the market. The memecoin market, which has been moving up continuously for several days, has made its investors and lovers smile. Especially the constant refreshing of Pepe (PEPE) ATH, did not escape the attention. The popular coin, which has increased by 55.38 percent in the last 24 hours, has established a throne in the list of “The Most Rising Cryptocurrencies”.Can PEPE, who has been giving tours to other altcoins, continue his rise?As the Memecoin furore continues, expectations from PEPE are high!PEPE, which recorded a 502.18 percent shooting rate in a very short time, became the coin that benefited the most from the memecoin craze. PEPE, who has made his mark in 2023, continues to stand out in 2024, overtaking memecoins such as Dogecoin (DOGE) and Shiba Inu (SHIB) for the time being. PEPE, who has an influential community, can target the upper levels if BTC does not disrupt the price structure and the memecoin craze continues.If the Memecoin trend loses its strength, BTC starts making daily closures below $60,000, or BTC dominance increases, there may be a big selling pressure on PEPE. Both the fact that the market has not yet given a correction and the uninterrupted rise of PEPE have increased the risks in the pair. Especially PEPE investors should take these elements into account.️Remember: Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
