Pepe price soars over 70% this week with continued momentum

Pepe
surges
over
70%
this
week,
outpacing
the
broader
crypto
market
amid
Ethereum
ETF
news,
while
Dogeverse
gains
traction
with
its
multichain
approach.

Pepe
has
surged
over
70%
this
week,
posting
a
decisive
outperformance
against
the
broader
crypto
market.
Is
the
meme
coin
poised
to
continue
rising
or
will
it
run
out
of
steam?

Pepe
shows
strength
on
ETH
ETF
rally

The
United
States
Securities
and
Exchange
Commission’s
green
light
to
Ethereum
spot
ETFs
has
enabled
Pepe’s
recent
parabolic
rally.

Currently,
the
frog-themed
memecoin
is
trading
at
$0.00001695,
up
14%
today,
79%
this
week,
and
183%
this
month.
It
holds
a
$7.1
billion
market
cap
and
a
$2.7
billion
24-hour
trading
volume,
up
39%
today.

Based
on
its
market
cap,
Pepe
stands
as
the
third-largest
memecoin
and
the
18th-largest
cryptocurrency.
However,
its
trading
volume
makes
it
the
largest
memecoin
and
the
seventh-largest
cryptocurrency.

This
market
cap
and
volume
discrepancy
reflects
a
steadfast
interest
in
Pepe,
with
the
Ethereum
spot
ETFs
recently
catapulting
it
into
the
limelight.

Immediately
following
the
ETF
approvals
on
23
May,
Pepe
began
outperforming
other
Ethereum
ecosystem
tokens.

However,
the
momentum
has
continued,
and
now
leading
analysts
are
backing
Pepe
for
further
growth.
Jameson
recently
suggested
that
Pepe
will
“flip”
Shiba
Inu’s
market
cap
and
compared
its
current
price
action
to
Dogecoin’s
in
2021.

CryptoKnight
anticipates
an
explosive
uptick
toward
$0.00003958,
marking
a
136%
increase
from
its
current
price.

Meanwhile,
prominent
trader
Bluntz
suspects
Pepe
is
a
leading
ETH
“beta”
alongside
other
ecosystem
memecoins.
This
refers
to
Pepe
mimicking
ETH’s
price
but
with
more
volatile
swings.

The
analyst
also
noted
that
Ethereum
is
gaining
pace
on
Bitcoin,
suggesting
that
Pepe
could
provide
significant
returns.

But
alongside
Pepe,
other
emerging
Ethereum-based
memecoins
are
also
on
the
rise.

One
of
the
most
promising
is
the
newly
launched
Dogeverse,
a
multichain
memecoin
available
on
the
six
hottest
smart
contract-enabled
blockchains.

Could
Dogeverse
be
the
next
big
memecoin?

By
taking
an
unprecedented
multichain
approach,

Dogeverse
has
direct
on-chain
exposure
to
Ethereum,
Solana,
Base,
Avalanche,
BSC,
and
Polygon.

So,
while
Ethereum’s
ETF
narrative
is
bolstering
its
ecosystem
token
prices
now,
Dogeverse
will
also
benefit
when
the
next
narrative
arises,
even
if
it
is
on
a
different
chain.

The
token
is
currently
in
its
presale
and
has
raised
over
$15
million
so
far.
This
makes
it
one
of
2024’s
hottest
ICOs,
laying
the
way
for
huge
post-exchange
launch
potential.

However,
the
campaign
is
in
its
closing
stages
and
will
end
in
seven
days.
This
leaves
little
time
for
traders
to
buy
DOGEVERSE
at
its
fixed
and
discounted
presale
price.

Dogeverse’s
multichain
utility
ushers
in
a
slew
of
exciting
benefits,
like
the
potential
for
massive
community
growth
and
on-chain
investment.

But
to
extend
its
long-term
potential,
the
team
has
also
established
a
staking
layer
that
rewards
users
for
locking
up
their
tokens.

Stakers
can
currently
earn
a
48%
APY,
but
this
will
decrease
as
more
tokens
are
deposited.

The
project’s
use
case
has
drawn
a
vibrant
community,
with
over
20K
followers
on
its

X
account
and
over
14K

Telegram
members.

To
learn
more,

visit
the
Dogeverse
presale.