After XRP and TRX, Is PEPE The Next Altcoin to Explode in Price?

After XRP and TRX, Could PEPE Be the Next Altcoin to Soar in Value?

In recent weeks, multiple altcoins have emerged, registering impressive double- and even triple-digit gains.

Altcoin Rally

The current crypto market sentiment is highly bullish for altcoins. This surge began after Donald Trump's victory in the U.S. presidential election, when DOGE and BTC experienced significant price increases.

Since then, Bitcoin has entered a consolidation phase while DOGE has stabilized. However, numerous altcoins have gained prominence. XRP led the charge, surging over 420% within a month, reaching a seven-year high and becoming the third-largest cryptocurrency by market capitalization.

Within the past 24 hours, Tron and Binance Coin have emerged as notable contenders, surpassing their previous all-time highs. TRX jumped over 70%, reaching a new peak above $0.43.

Other notable altcoins include XLM, HBAR, DOT, and AVAX. Speculation is growing about which altcoin will be the next to rally.

Is PEPE Next?

PEPE, the third-largest meme coin, also experienced a surge in value following Trump's victory and set a new all-time high on November 14th. This surge was driven by listings on major exchanges and growing community hype.

Similar to DOGE, PEPE has since retreated and now trades below $0.000021. However, recent whale activity suggests a potential rally. Data from Lookonchain indicates that a single whale has accumulated and withdrawn approximately $7 million worth of PEPE within the past 20 days.