Crypto News: Is PEPE on the verge of the next bull run?
2 min readIn the last 24 hours, Pepe coin has seen an impressive increase of almost 50%, with a current price of 0.000002235 USD. At the same time, trading volume increased by 239% to 968 million USD.
This trend shows that Pepe Coin is prevailing over well-known meme coins such as Dogecoin, Shiba Inu and Bonk. This development correlates with a significant increase in Bitcoin, which recently exceeded the 55,000 USD mark.
With its recent surge, Pepe Coin shows that it could play an important role in the meme coin market.
Is PEPE on the verge of a bull run?
There are differing opinions in the cryptocurrency community as to whether Pepe (PEPE) is facing a bull run. According to numerous reports, the increased interest and trading volume could trigger the next bull run for Pepe. This dynamic may have been partially triggered by the PEPE team’s burning of 6.9 trillion PEPE tokens and the associated reduction in PEPE’s overall supply.
Additionally, the introduction of new advisors and the search for partnerships and marketing opportunities for the remaining tokens have sent positive signals to the market.
In addition, some X users also gave their opinions on the explosive rise of Pepe Coin.
Does Anybody Know why $PEPE Is Pumping??🤔🤔
It Pumped More Than 100% Within a Few Hours 🔥🔥
Is MEME Season Arrived ❓😎#PEPE pic.twitter.com/U3KZfBDs9p
— YG crypto (@ygcrypto) February 27, 2024
So YG Crypto asks if the MEME season has started now that PEPE is pumping so hard.
The recent Pepecoin (PEPE) price rally gained momentum not only due to token burns and strategic partnerships, but also due to significant hype on social media. On February 27th, PEPE became one of the most searched tokens on CoinGecko, illustrating the surge in interest and enthusiasm for this memecoin.
🔎 Top Trending Search Projects on @Coingecko Today 🔥$GTAI @GT_Protocol$PEPE @pepecoineth$DCK @DexCheck_io$ALT @alt_layer
The projects within the #BNB Chain ecosystem have been growing rapidly and receiving a lot of attention from the community recently 👀
Which project… pic.twitter.com/Y076znhI9E
— BSCDaily (@bsc_daily) February 27, 2024
The crypto community speaks of a “meme season” when altcoins, i.e. all cryptocurrencies except Bitcoin, record significant price increases compared to Bitcoin. This designation highlights a time when speculative interest and investment is shifting to newer cryptocurrencies, often inspired by internet culture. During this phase, investors show increased interest in less established cryptocurrencies, resulting in a notable increase in their market values.
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