Pepe price surges

The Pepe price has notably increased by over 110% within the last 30 days, trading at $0.00001472. Pepe is currently one of the most popular meme coins on CoinMarketCap, which can be attributed to the interest in the Ethereum blockchain-based token following the historic approval of spot ETH exchange- traded funds (ETFs). The ETH ETF approvals have created a lot of hype, and in less than a week, Pepe's open interest has increased by almost $34 million.

Analyst and trader Crypto Rover predicts that the Pepe market cap will increase by up to 6X Meanwhile, the Pepe market cap is currently $6.18 billion. Once the Pepe price broke out of the ascending parallel channel, it began to trade with a bullish bias. Nevertheless, the meme coin might be due for a correction before the next leg up, following a string of higher highs on the one-day timeframe for the PEPE/USD trading pair.$PEPE