Meme cryptocurrencies like Dogecoin and Pepe are experiencing a surge in value, with high trading volume indicating market excitement and positive momentum. The cryptocurrency market has been performing well in 2024, with strong bullish trends seen in recent weeks. The price of Bitcoin has risen to over $63,000, while Ethereum has surpassed $3,500, igniting a rally in alternative cryptocurrencies, particularly memecoins, which have experienced significant gains of both triple and double digits in recent weeks and hours. The total market value of meme-based cryptocurrencies has increased by 32%, with some notable performers. DOGE, often considered the top memecoin, reached its highest value in 16 months at $0.15016. The current trading price is $0.1421, showing a 1.213% rise in value over the last day. During the same time frame, the trading volume increased by 101% to reach $4 billion. Experts predict that if the current upward trend in DOGE continues, it could surpass the resistance level of $2512. If the bears gain dominance, the price could potentially decrease to $2795. Source: TradingView’s DOGE Price Chart. In the previous week, PEPE has experienced notable growth, increasing by 20.0000112% over the course of the last seven days.