In the current week, the value of the widely-known memecoin Pepe (PEPE) experienced a remarkable surge of 65%, underlining a growing momentum and buying demand. As Bitcoin (BTC) edges closer to the $69,000 mark and the endorsement of spot Ethereum ETFs, the overall cryptocurrency market is regaining strength, thereby enhancing the likelihood of a memecoin bull run. There exists speculation regarding the potential for memecoins like PEPE to witness a substantial surge this year, with projections suggesting a potential increase of 10 to 15 times by 2024 or even reaching the $1 mark by 2030.
