Meme Token Pepe Surged More than 15% This Weekend. Here's Why.

One of the most prolific and noteworthy meme coins in recent years, Pepe (CRYPTO: PEPE) has provided investors, traders, and speculators with plenty of volatility. As a top-40 cryptocurrency by market capitalization, Pepe's daily moves are meaningful for investors with exposure to vehicles tracking large-cap tokens. And given Pepe's status as a leading gauge of investor (and speculator) sentiment, this is one particular project investors can ignore at their own peril.On that last note, I think Pepe's 15.2% surge from 4:00 p.m. on Friday to 4:30 p.m. Tuesday is worth considering. With some investors remaining cautious about whether this most recent rally will extend into the coming weeks, I'd argue the direction (and speed) of travel for PEPE tokens is likely to align with broader market conditions. That's been the case for much of the past year, in my view.With that said, here are a few key factors investors appear to be relying on as reasons to hit the bid on Pepe this weekend. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool