Could PEPE Double After 33% Surge? Memecoin Price Climbs Amidst Bitcoin’s Rally

The cryptocurrency market is buzzing as memecoin PEPE has soared over 33% in a single day, fueled by a surge driven by the broader bullish market. With Bitcoin hitting $100,000, PEPE followed suit with impressive gains, reaching around $0.00001104. This rise pushed PEPE to rank #27 among cryptocurrencies and its market capitalization soared to $4.64 billion, accompanied by a massive 235% increase in trading volume to $1.84 billion in just one day. Analysts attribute this surge to growing interest in DeFi applications and rising institutional investments in memecoins.