Dogecoin and PEPE Increased by 25%, Memecoins are Reviving.

Rise of Dogecoin and Pepe

Dogecoin and Pepe have initiated a significant meme coin rally at the start of the new year. Dogecoin saw a daily increase of %11, while Pepe gained %17 in value. This sudden rise attracted investors' attention and caused meme coins to come to life.

Market Status and Investor Expectations

The revival of meme coins as part of a broader market is reflected in the data from the GMCI Meme Index calculated by CoinGecko. The index's market value is recorded at $33.8 billion, while the daily trading volume reached $5.9 billion.

In this environment, where uncertain liquidity conditions and a lack of clear macroeconomic catalysts exist, investors view meme coins as high-risk and high-return opportunities.