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Pepe Hits New Highs Only to Face Sharp Pullback: Is This a Breather Before the Rise or the Prelude to a Bubble Burst?
Pepe, the memecoin inspired by the 'Pepe the Frog' image, has recently caused a frenzy in the crypto market! After breaking through the historic high of $0.0000259, it surged to $0.00002836 at a shocking speed, with a market cap briefly surpassing $11.6 billion, becoming the focal point of the crypto world. However, as the market adjusted, Pepe's price quickly fell back, leaving many investors questioning its future trajectory.
Will Pepe soar, or will the bubble burst?
In 2024, Pepe has truly taken off! This memecoin has repeatedly set historical records, increasing by 148% in just 30 days, with a remarkable 30.7% gain in the past week. Yesterday, it even briefly surpassed its previous high, reaching $0.00002836, with a market cap skyrocketing to $11.6 billion, surpassing Uniswap and closely trailing Bitcoin Cash, becoming one of the top 20 cryptocurrencies by market cap.
Will Pepe soar, or will the bubble burst?
In 2024, Pepe has truly taken off! This memecoin has repeatedly set historical records, increasing by 148% in just 30 days, with a remarkable 30.7% gain in the past week. Yesterday, it even briefly surpassed its previous high, reaching $0.00002836, with a market cap skyrocketing to $11.6 billion, surpassing Uniswap and closely trailing Bitcoin Cash, becoming one of the top 20 cryptocurrencies by market cap.
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