Why Are Altcoins Like Pepe, Solana, Jasmy, and Bonk Booming?

Following the dramatic downturn of crypto markets during ‘Black Monday’, altcoin prices are showing signs of a comeback. Investors are jumping back in, particularly with tokens like Pepe (PEPE), Solana (SOL), JasmyCoin (JASMY), and Bonk (BONK) reporting double-digit gains from their lows on Monday. 3 main factors are driving this momentum: First, optimism about US trade talks. The potential for progress in negotiations with China amid rising tensions has injected a risk-on sentiment into the market. This optimism is mirrored by positive moves in the stock market as indices like the Dow Jones and S&P 500 surged by over 2%.