This week witnessed a remarkable surge of 65% in the price of the well-known memecoin, Pepe (PEPE), which serves as a strong indication of growing momentum and buying pressure. As Bitcoin (BTC) inches closer to the $69,000 mark and spot Ethereum ETFs gain approval, the overall cryptocurrency market is showing signs of recovery, thereby increasing the likelihood of a bullish trend in memecoins. Speculation abounds regarding the potential for memecoins like PEPE to experience a significant boom this year, with some even pondering the possibility of PEPE multiplying its value by 10 to 15 times by 2024 or even reaching $1 by 2030.
