In recent days, the Bitcoin price has seen a very strong increase and the focus is on the most important cryptocurrency. However, in the wake of the Bitcoin increase, the price of PEPE Coin was able to rise again by more than 35%. Can the price of the meme coin double again in the coming weeks? Let’s take a look at this PEPE coin rally article.
PEPE Coin Rally: PEPE Coin’s Price Movement in Recent Weeks
The PEPE price has seen a massive increase in recent days. The price of PEPE Coin rose by more than 35% in the last 7 days. This allowed the PEPE Coin to rise more than Bitcoin, which saw an increase of 20% in the last 7 days.
The PEPE price rose to a value of 0.0000014 US dollars. This price is again at the level of mid-May. At the peak, at the beginning of May, the price was at an all-time high of 0.0000037 dollars. But the price is currently much higher than 2 months ago.
Why was the PEPE Coin able to rise again?
The PEPE price was able to rise massively again in recent days because the crisis of the crypto market is over after the increases of the last few days. The strong increase in Bitcoin triggered a recovery in many altcoins.
The particularly strong increase in the PEPE price in recent days makes sense. Because the PEPE Coin is one of the BRC-20 tokens that build on the Bitcoin blockchain. This group of coins received a larger hype in April and early May.
Future Predictions for PEPE Coin
The PEPE price could continue to benefit from the strong Bitcoin in the coming weeks. A further increase up to a doubling would definitely be possible in the next 2 to 3 weeks. A meme coin is extremely difficult to predict. It is very suitable for speculation, especially under the assumption that Dogecoin and Shiba Inu Coin are currently hardly able to make price jumps. But you should be aware of the high risk.