Pepe (PEPE), which directly reacted to the rise in Bitcoin (BTC), has performed close to 100 percent in the last week.
With the effect of fud news, Bitcoin (BTC), which hung below $ 25,000 last week, caused fear in the market and caused a collapse in altcoins. Nearly the entire altcoin market has lost more than 20 percent. But back-to-back ETF news brought BTC to $30,800 as of yesterday. In this seven-day period, Pepe (PEPE) was the coin that kept pace with BTC the fastest. PEPE, which managed to reach $ 0.00000157 from $ 0.00000082, showed a total increase of 91 percent.
First Stop of Ascensions: Memecoins
Falling out of favor after the stock market listings, PEPE became one of the most rising coins in the altcoin market with a 24 percent increase in BTC. This indicates that the crypto investor is turning to memecoins first in the uptrend. Investors who want to make quick profits take advantage of the huge volume in memecoins and direct their trade to such cryptocurrencies.
PEPE, which has been waiting for its investors for a long time, brought the spring mood to memecoins with its latest price action. Volatility peaked in dozens of PEPE-themed coins released. PEPE, which is also trending on social media platforms, seems to have taken the wind again.
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