Pepe price turned bullish during the afternoon of the US session, recording a surge that had not been seen in a while. The rally comes despite the lack of activity on the meme coin’s social media network, raising eyebrows about what may have sparked the surge.
Optimism price took a hit this week after charting significant gains owing to the investors’ want for profits. In fairness, OP holders have been patiently waiting to make money on their investment that has paid off successfully.
The crypto market goes through different phases, which include the rise and fall of different categories of tokens, and currently, that is the situation with meme coins like Shiba Inu and Pepe. While a full-blown meme market rally is pending, the consistent rise in the former of the two tokens does suggest potential corrections on the way.
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