PEPE Price Explodes 5% as Crypto Market Sees Recovery Led by Pepe Coin

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The crypto ecosystem is exhibiting signs of recovery after a tumultuous week that saw more than $1 billion wiped out from the market. Bitcoin (BTC) is leading the way as its losses are slowly shrinking, and PEPE is also playing its part in aiding the potential resurgence of altcoins.

PEPE is currently trading at $0.000001134, having gained as much as 5% in the past 24 hours. This sharp recovery is likely driven by whales who have been steadily accumulating the token, a move that analysts believe will be instrumental in returning it to its winning ways.

Data suggests that PEPE has had an impressive Year-to-Date (YTD) gain of 1,897%, in stark contrast to SHIB and Dogecoin (DOGE) which have suffered losses of 0.14% and 9% respectively. This makes PEPE the most promising of the trio.

Whilst the possibility of PEPE canceling another zero from its current price point is unlikely in the near future, it remains one of the top tokens on traders’ watchlists for the upcoming week.

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