PEPE, a meme-themed cryptocurrency, recently surpassed a $10 billion market cap due to an 18% price increase in 24 hours. This milestone placed PEPE ahead of Litecoin in the market cap rankings.
The price spike lifted PEPE to being the 21st most valuable cryptocurrency. Increased network activity, such as active and new addresses, highlights growing demand for the token. If this trend persists, PEPE may witness more robust price movements.
Technical analysis shows bullish signals with the shorter Exponential Moving Average (EMA) crossing above the longer EMA, indicating potential further price rises. However, market volatility could lead to price corrections below the $10 billion mark if bears exert influence.
