Summary
- PEPE, a memecoin inspired by Pepe the Frog, has seen significant growth in 2024
- It has outperformed established memecoins like Dogecoin and Shiba Inu
- Analysts point to a potential shift in investor sentiment favoring PEPE’s mid-range status
- While PEPE’s price surge is backed by technical indicators, caution is advised due to market volatility and lack of utility roadmap
