Pepe Price Prediction as PEPE Falls 10% Alongside Dogecoin and Other Meme Coins – What’s Going On?

cryptonews.com:

Over the past week, the crypto market experienced significant fluctuations. Meme coins, such as PEPE coin , took center stage and reached a market cap of 500, nearly doubling its value.

PEPE, after a meteoric rise influenced by pivotal events like a massive token burn and the market’s shifting focus from Bitcoin Spot ETFs, saw its value nearly double.

Pepecoin doubles to $500M market cap as memecoin fever steals Bitcoin's ETF thunder. Memecoin PEPE has doubled in value to reach a $500 million market cap, as memecoin fever continues to steal the spotlight from Bitcoin and other major cryptocurrencies. pic.twitter.com/PPLpVoWAIl

However, as the euphoria waned and the market recalibrated, PEPE, alongside other meme coins such as Dogecoin and Shiba Inu, experienced a sharp decline.

With Bitcoin re-emerging as a trusted store of value amid geopolitical tensions, the question on everyone’s mind is: What’s next for PEPE and its fellow meme coins?

This Pepe price prediction aims to unravel the intricate dynamics at play and forecast the potential trajectory of these digital assets.

Several events influenced this growth pattern. Notably, the PEPE team’s decision to burn approximately 7 trillion tokens played a significant role, reducing the coin’s supply and likely driving up its value.

BURN BABY BURN