Over the past day, the price of the meme-inspired cryptocurrency $PEPE has increased by about 16%, outperforming rival #memetokens Dogecoin ($DOGE) and Shiba Inu ($SHIB) amid a broader resurgence in the cryptocurrency market.

The price of the leading #cryptocurrency Bitcoin ($BTC) has lately increased and is currently trading at $30,002, up over 8% in the last day, according to data from the market.

#Shiba Inu's price increased by about 4.7% over that time, while #Dogecoin's price increased by about 4.55%, while the price of #PEPE increased by double digits. What is driving PEPE's outperformance in the midst of the cryptocurrency market recovery is unknown.