Meme Coin PEPE Surges 11% Amid Altcoin Frenzy and Ethereum Boost

The meme coin PEPE has seen a significant surge in price, climbing 11.38% in the last day to $0.00000298. This is a stark contrast to Bitcoin's 1.01% move over the same period.

The increase can be attributed to the growing interest in altcoins, as evidenced by the CoinMarketCap Altcoin Season Index hitting 58. This reading suggests that traders are becoming more comfortable taking on riskier bets, and PEPE has been one of the biggest beneficiaries.

Crypto Tony expects the PEPE price to test major resistance levels, potentially reaching $0.000003030 in the next few days. Flying Dutchman also sees Ethereum as a key factor in determining the PEPE price, predicting that it could hit around $2,010 and take PEPE with it.

If buyers can maintain their momentum and close the week above the current resistance level of $0.000003133, the next target could be $0.000003826, followed by a potential move to $0.000004556.