From Barchart: 2024-05-13 19:15:00

Pepe (PEPEUSD) price reached a new high of $0.00001119, surging 34% in 24 hours on Binance. Trading volume soared 245% to $1.56 billion, making PEPE the 23rd largest cryptocurrency with a market cap of $4.31 billion, surpassing Ethereum Classic.

The return of “Roaring Kitty” on social media platform X has sparked a rally in PEPE, following Gill’s involvement in the 2021 meme stock frenzy.

PEPE’s price rebounded, breaking through a key resistance level and staying above the ascending trendline since mid-April. Strong support is evident from the relative strength index (RSI) signaling buyer dominance in the market.

On the back of Roaring Kitty’s return, Solana-based GameStop memecoin surged over 550%, along with AMC token increasing by 1,200%. Other meme stocks like GME and AMC Entertainment also saw significant gains.

Investors are advised to conduct their own research before making any investment decisions due to the volatile nature of the market.



Read more at Barchart: Pepe hits all-time high, memecoins soar after famous GameStop stock trader ‘returns’ — TradingView News