Surge in Memecoins: PEPE, Dogecoin, and SHIB Show Promising Gains

By: Eva Baxter

In the midst of the latest crypto rally, memecoins have not been left behind. Important players such as PEPE, DOGE, and SHIB have experienced double-digit growth over the week. Not just small cryptocurrencies, even highly popular ones like Dogecoin and Shiba Inu reported a 9% increase, indicating a shift in trader behavior towards riskier bets.

Although these memecoins lagged behind the major cryptocurrencies last week, they have shown significant recovery. Market participants are speculating this trend could continue if traders persist in placing high-risk, high-return bets.