Pepe Price Pumps Again, New All-Time High Next? Dogeverse Coin Predicted To Explode At IEO

Pepe Coin Surges with Strong Rally

Pepe ($PEPE) regained its upward momentum on Friday, surging by approximately 7% to conclude the month of May.

Current Market Performance

Pepe's value stands at $0.0000152 and is poised for another surge toward a new all-time high.

Positive Market Sentiment

Meme coins continue to outperform most alternative asset classes during the current bull market. Attention now turns to the multi-chain token Dogeverse, which is scheduled to launch on Uniswap on June 5th after raising over $15 million in its initial coin offering (ICO).

Reasons for Pepe's Surge

After reaching a new all-time high of $0.0000172, Pepe experienced a significant pullback, correcting by 24% to $0.000013. However, it subsequently displayed a consolidating price action.

Major investments into Pepe by two whales, amounting to $4.5 million and $3 million respectively, have contributed to its strong performance. The coin has also benefited from favorable PCE inflation data released recently.

Pepe remains strongly correlated to Bitcoin and Ethereum, which both rebounded after the PCE announcement.

Potential for Pepe's Growth

Experts predict that Pepe will continue to perform well during the bull market, potentially surpassing the market capitalization of Shiba Inu, currently at $15 billion. Its close correlation with Ethereum and the potential inflows from spot Ethereum ETFs may drive significant growth.

Dogeverse: A Promising Alternative

While Pepe and Shiba Inu may not deliver 100x returns due to their large market valuations, experts believe that Dogeverse, with its multi-chain approach and successful presale, has the potential to become the next 100x meme coin.

Disclaimer:

This article is for informational purposes only and does not constitute financial advice.