The cryptocurrency market has been on a rollercoaster ride lately, but one meme coin has been bucking the trend and making waves: PEPE. With a 7% surge in the past 24 hours, PEPE has become one of the best-performing major meme tokens in recent months, and its future looks brighter than ever.

A Breakout in the Making?

PEPE's indicators are pointing to ongoing momentum, with its relative strength index (RSI) close to 60 and its 30-day moving average (MA) on the rise. This suggests that the coin is poised for a breakout, with its trading volume rising to almost $1 billion today. The past few days have seen whales transfer PEPE to exchanges in readiness for selling, but the coin's surge overnight shows that most people are buying rather than selling right now.

Smart Money on the Move

A recent tweet from Lookonchain highlights the smart money's interest in PEPE. A $PEPE smart money deposited all 407.74 billion $PEPE ($4.27 million) into Binance at a breakeven price just two hours ago. This smart money made $5.4 million on eight tokens before, indicating that they are confident in PEPE's future.

A General Recovery on the Horizon?

The wider market has been on a downtrend in recent weeks, but there are signs that a recovery could be on the horizon. Inflation has been easing in various major economies, including the United States and the UK, raising hopes of rate cuts later in the year. This could increase demand for riskier assets such as cryptocurrencies, including meme tokens like PEPE.

Ethereum ETFs: A Boost for PEPE?

The launch of Ethereum ETFs in the next few weeks could also give PEPE a significant boost. As more investors gain exposure to the cryptocurrency market through ETFs, they may turn their attention to meme coins like PEPE.

A New Era for Meme Coins?

While PEPE seems like it's going to remain one of the biggest meme coins for a while yet, it won't be the only alt to enjoy substantial gains in the next few months. Newer meme tokens like PlayDoge (PLAY) are emerging, offering more than just another meme coin. With its play-to-earn game and capped supply, PLAY has the potential to bring bigger returns than PEPE.

Conclusion: The Future of PEPE

PEPE's surge in recent days suggests that it's on the verge of a new era. With its indicators pointing to ongoing momentum and smart money on the move, the future looks bright for this meme coin. As the wider market recovers and Ethereum ETFs launch, PEPE could reach $0.000015 by the end of the summer and $0.000020 before 2025. Join the cosmic journey of PEPE and discover the new era of meme coins.