Greed

Rally

Pepe

Bonk

Coin

<ul>
 <li>PEPE reaches an all-time high of $0.00000675 with a 60% surge in 24 hours.</li>
 <li>PEPE surpasses Bonk (BONK) to become a top meme coin in the market cap.</li>
</ul>
In a week where green dominates the global market, meme coins have emerged as unexpected stars, with Pepe (PEPE) leading the charge with a staggering 378% surge in a week. Hitting an all-time high of $0.00000675, PEPE has claimed the third spot among meme coins, overtaking Bonk (BONK).
The rapid rise of PEPE signals the onset of a new altcoin season, as it outshines not only its meme coin counterparts but also <a href="https://thenewscrypto.com/pepe-vs-befe-which-meme-coin-will-give-100x-returns-this-bull-run/" rel="noopener noreferrer nofollow">commands attention</a> across the entire crypto market by shedding one zero from its price.
Fueling the frenzy, PEPE’s daily chart showcases a series of bullish candles. This buries doubts of recovery and propels the coin to a remarkable 627% leap from its February low of $0.0000009328.
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" width="1024" height="515" src="https://thenewscrypto.com/wp-content/uploads/2024/03/image-6-1024x515.png" alt="" class="wp-image-92889" srcset="https://thenewscrypto.com/wp-content/uploads/2024/03/image-6-1024x515.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/03/image-6-300x151.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/03/image-6-768x386.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/03/image-6.png 1301w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">Pepe (PEPE) Price Chart (Source: <a href="https://in.tradingview.com/symbols/PEPEUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div>
At the time of writing, PEPE is trading around $0.00000669, with an active trading volume of $2.98 billion over the past 24 hours. Its total <a href="https://thenewscrypto.com/pepe-coin-shows-signs-of-potential-bottom-amidst-recent-price-action/" rel="noopener noreferrer nofollow">market value</a> has surged over 60% to $2.80 billion in the same period, now accounting for 0.11% of the entire cryptocurrency market.
<h3 class="wp-block-heading" id="h-what-next-for-pepe">What Next for PEPE?</h3>
Investors are extremely greedy, with the Fear &amp; Greed Index scoring 83 due to recent price surges. Further, leading analysts anticipate <a href="https://thenewscrypto.com/pepe-pepe-price-prediction/" rel="noopener noreferrer nofollow">continued bullish momentum</a>, foreseeing a potential 52% increase in the coming weeks, which could drive the PEPE price to $0.000008.
However, profit-taking actions that were witnessed in the previous session could pose risks, potentially pushing PEPE below the $0.0000050 level.
Furthermore, if there is an increase in selling pressure, the price may fall below the ascending trendline at $0.0000045. If it closes below the midline of the order block at $0.0000032, it could signal a continuation of the bearish trend.

PEPE Coin Hits All-Time High, Hinting Continued Rally

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TheNewsCrypto

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