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The PEPE coin, a memecoin in the crypto space, has experienced significant growth in recent weeks. It has surged by 38.14% in the past week alone, reaching a price of $0.000001615. Since its launch in April, the coin has seen an overall surge of 2734%. Despite its success, doubts about the coin’s future remain due to its perceived lack of substantial utility.PEPE has emerged as one of the leading contributors in the memecoin rally. It has witnessed a 5% increase in the last 24 hours, further adding to its impressive growth over the past seven days. The coin has fostered a vibrant community and aims to surpass Shiba Inu in the future. However, there are concerns about whether PEPE’s recent surge can be sustained in the short term.While PEPE has seen success since its launch, it needs to do more to stay relevant in the market. Other meme coins like SHIB, FLOKI, and BabyDoge have demonstrated a commitment to utility by launching products, whereas PEPE currently lacks any tangible offerings. This could potentially shift trader sentiment towards protocols that provide added value.The recent 10th-anniversary celebration of Dogecoin had a ripple effect on other meme tokens like PEPE and SHIB, resulting in significant price increases. Dogecoin itself saw a surge of over 16% in its community. Currently, Dogecoin is trading at around $0.1026, SHIBA at $0.000009933, and PEPE at $0.000001577.It is important for readers to conduct their own research before taking any actions related to cryptocurrencies. The information provided here is for informational purposes only and should not be considered as financial advice.