Pepe (PEPE), the cryptocurrency inspired by memes, continues to astonish, surging by nearly 180% in just one week. This extraordinary comeback has attracted the interest of cryptocurrency enthusiasts and reignited enthusiasm for meme coins in general.
Once overshadowed, PEPE is now leading the pack in the meme coin arena.
PEPE tops the list of the top 100 cryptocurrencies for the mentioned period, boasting daily gains of 43.72% and weekly gains of 176.30%.
Its market capitalization has also soared to a remarkable $1.3 billion, signaling a potential to quickly reach its all-time high market cap of $1.8 billion shortly.
PEPE 7-day price chart. Source: CoinMarketCap
So, what exactly has led to this unexpected resurgence of the Pepe meme coin?
Bitcoin advance and speculations are the most likely reasons
This impressive performance mirrors a larger surge in meme coins, often seen as speculative investments linked to the growth of blockchain ecosystems. Bitcoin’s (BTC) recent
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