The popular cryptocurrency, whose value has increased by more than 185% in a week, has been named

Despite the skeptical attitude of some market participants, the PEPE memtoken continues to demonstrate successful growth. According to CoinGecko, the token managed to grow by 49% in just one day, 185.5% in a week, 193% in 14 days, and 209% in a month.

On the morning of February 28, the price of RER updated its historical high, dropping by several percent afterwards. Well-known crypto traders and analysts remain positive about PEPE’s prospects. Bluntz Capital believes that memecoin has completed its correction and started a new upward movement.

JJcycles suggests that PEPE will lead the upcoming memecoin season, and Crypto Michael notes a downward resistance line, saying that its breakout could accelerate the upward movement.

PEPE is a crypto project based on the meme about the frog of the same name. Many members of the crypto community were able to make money on the hype around the token. The network is flooded with supporters of the meme project. Many users share the extremely optimistic forecast of PEPE, according to which the cryptocurrency may continue to grow rapidly in the near future.

As a reminder, Bluntz, the trader who predicted the bottom of the bitcoin bear market in 2018, shared a chart showing that PEPE has completed a three-wave correctional move and is now ready to rally to its target. «Steady upward push on PEPE all weekend. I really like this situation, meme season seems to be picking up again,» the trader wrote.