4 Possible Reasons Behind PEPE’s 50% Surge to New All-Time High

TL;DR:

The third-largest meme coin has surged by 50% in the past 24 hours and over 100% on a weekly basis. Recent exchange listings, favorable market conditions, and increased investor interest in meme coins have likely contributed to this rally.

Exchange Listings

The PEPE meme coin has been listed on several major exchanges in recent weeks, including Robinhood, Coinbase, and Coinbase Pro. This increased accessibility to the coin has likely played a significant role in its price surge.

Market Surge

The broader cryptocurrency market has also experienced a surge in value, with Bitcoin reaching a new all-time high. This positive momentum has likely spilled over into the meme coin sector, as investors seek opportunities for quick gains.

Increased Investor Confidence

The listing of PEPE on reputable exchanges and the positive market conditions have instilled confidence in investors. This has led to increased buying pressure, driving the coin's price higher.

Caution Advised

While meme coins can experience significant gains in a short time, it's important to note that they are highly volatile and can also experience sharp declines. Investors should exercise caution and consider the risks involved before investing in these assets.