PEPE memecoin grew by 840% in a month

Cryptocurrency market experts note that the meme coins DOGE $0.26 Department Of Government Efficiency 4.67% Market capitalization $0.26 billion VOL. 24 hours $1.95 billion , SHIB $0.00002486 Shiba Inu 1.59% Market capitalization $14.66 billion VOL. 24 hours $0.21 billion , and PEPE $0.0000001114 Based Pepe -1.50% Market capitalization $46.98 million VOL. 24 hours $0.79 billion attract considerable attention from traders, especially when they are in a growth phase. Among them, the PEPE token is particularly notable for its significant growth.

In the last month alone, the coin has shown a staggering surge of more than 840%

As of March 14, 2024, PEPE has broken out of the consolidation phase it has been in for the past five trading days and reached a new all-time high.

This breakout led to further growth of more than 14%, and the coin price stabilized at $ 0.105. Experts analyzing the market behavior of PEPE consider it bullish after the breakout, which indicates the potential for further growth.

Analysts predict that if PEPE can maintain its position above $ 0.105, the memecoin will be able to rise to $ 0.14 in the near future. However, they also warn about the possibility of a correction or a period of consolidation, given the coin’s recent significant growth.

It is worth noting that PEPE’s 24-hour trading volume increased by 50%, reaching approximately $ 2.4 billion, which indicates increased interest in the coin. Over the past week, PEPE has risen in price by 55%, and over the past month, investors have gained more than 840%.

Last week, the meme coins Pepe, Floki, Bonk, and others showed rapid growth. According to Santiment, as public interest and crypto asset prices have changed significantly, many meme tokens have reached new all-time highs (ATHs). Along with the trading volume and sharp price increases, meme tokens have also seen a significant surge in social activity.