$PEPE saw the massive 390% explosion that caught everyone's attention and price speculation ensued. This#PEPEboom has turned this token into a potential market driver. Both experts and analysts are considering its position.
PEPE Inside the Crypto Boom: What's Next?
Analyzing PEPE's explosive growth
The chart above shows the coin's notable price movement starting in August 2023 and lasting until July 2024.
You can see a significant increase in February/March 2024, with the price rising sharply from almost 0 to around 0.000017 USD. As we have come to expect from the meme coin market, this tremendous growth also extends to the gaming sector.
What Factors Triggered the PEPE Cryptocurrency Boom?
Market speculation and FOMO
FOMO, a fundamental unknown to this topic, is a process that causes PEPE to quickly gain value.
Meme culture and the impact of social media
PEPE's popularity has been sustained by its connection to internet meme content. Social media platforms play an important role in the meme coin market, especially with PEPE.
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