PEPE, a popular memecoin, has experienced a surge in price, with a 16% increase in the past 24 hours and 26% over the past week. This rise is occurring as Bitcoin's dominance decreases and the altcoin market gains momentum. PEPE is one of the top-performing memecoins this week and has benefited from investors seeking high-risk, high-reward opportunities in the memecoin sector. However, the extreme volatility of memecoins means that a price correction could occur, potentially causing a sharp decline for PEPE. While speculation about PEPE reaching $1 exists, achieving such a price would be practically impossible due to its large token circulation and the resulting market cap required.



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