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Cryptocurrency News Articles

Altcoins Gain Traction as Investors Seek Higher Returns Amid Ethereum Price Surge

May 24, 2024 at 02:38 am

With the increasing Ethereum price, altcoins, including meme coins, are also gaining traction and contributing to the potential bull run. This surge is driven by optimism about the ETF's potential approval.

Altcoins Gain Traction as Investors Seek Higher Returns Amid Ethereum Price Surge

Pepe Coin (PEPE) price rallied to a new all-time high on May 23rd, fueled by a 42% increase over the last seven days. As of this writing, the meme coin trades at $0.0000146.

$PEPE coin has been on a consistent uptrend, marking higher highs and lows throughout this period. The meme coin has surged over 98% this month alone.

Driven by strong trading activity and significant network growth, investors have been accumulating the memecoin, showing a strong appetite for buying more $PEPE coins. Despite the broader market volatility, the meme coin market has been outperforming the crypto market, with Pepe Coin being one of the top performers among its peers.

The $PEPE price continues to ascend and may face some profit-taking ahead. However, the trend remains bullish, and sellers will need to show up in large numbers to gain any dominance.

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