How high can Pepe coin price hit if Bitcoin jumps to $110k?
Pepe coin price surged on Friday as the ongoing Bitcoin rally pushed most meme coins higher and the total crypto market cap to over $128 billion.
Pepe, the third-largest meme coin, rose to $0.000020, its highest level in 10 days. This rebound occurred in a high-volume environment, with its 24-hour trading volume climbing to $1.32 billion, the highest point in a week. Additionally, futures open interest reached a record high of $560 million.
Pepe coin and other cryptocurrencies also benefited from optimistic reports about the incoming Donald Trump administration. In a statement this week, Trump announced that he was considering prioritizing American crypto projects when creating a strategic reserve.
Another report said that crypto would be a big priority in the incoming administration. While Bitcoin will be the biggest beneficiary of all this, other coins in the periphery, like Pepe coin will also benefit.
Bitcoin has already surged to $104,000 ahead of Trump’s inauguration. If this momentum continues, Bitcoin could climb to its all-time high of $108,000, followed by the psychological level of $110,000. Such a rally would likely lift meme coins like Pepe even higher.
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