PEPE Price Sets New ATH: Is It Close To $1 In 2024?

PEPE's Price Soars to New All-Time High

PEPE's value has surged by 22.30% in the past 24 hours, reaching a new all-time high of $0.00001101. This marks the second time this year that the frog meme coin has broken its previous ATH, following a surge in March.

The bullish momentum for PEPE continues, with the potential for further growth in the coming days. Market demand for the token has increased, leading to a 300% surge in trading volume over the last 24 hours. Additionally, PEPE's market cap has increased by 22%, reaching $4,540,608,117.

PEPE is currently ranked 23rd on CoinMarketCap by market cap, a significant improvement from its previous position. If the current trend persists, PEPE could soon join the top 20 cryptocurrencies.

Factors Contributing to PEPE's Surge

The PEPE price surge began yesterday and has continued unabated. The token has formed two substantial peaks within a few hours, with no visible end in sight. A higher peak could emerge if the trend continues.

PEPE has become the most profitable meme coin, surpassing DOGE and SHIB. The token's price has risen by 95% over the past month.

Three key factors have contributed to PEPE's surge:

• Market popularity: PEPE has gained significant popularity in the market.
• Increased demand for meme coins: Meme coins have become increasingly sought after.
• Whale interference: Whales, or large investors, have played a role in PEPE's price movement.

PEPE's Popularity Endures

PEPE's popularity has been growing steadily for over a year, contributing to its recent surge. The token has a strong community of supporters who are actively promoting its use and value.

As PEPE continues to gain traction, it is expected to attract more investors and further increase its value.