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Bitcoin keeps climbing, hitting a new all-time high of $86,000, and most meme coins, like Shiba Inu, are also seeing price rallies. Will this upward trend continue into 2025?
Since Donald Trump won the 2024 presidential election almost a week ago, crypto prices have surged. In just the past six days, many popular cryptocurrencies have increased by 8% to more than 60%.
Bitcoin (BTC), for instance, has risen by 24.45% over the past six days and is now trading at a record high of over $86,000 per coin.
Meme coins are also climbing: Shiba Inu has jumped over 60% in the past week alone.
PeiPei, despite recent mixed performance, has benefited from the broader market’s renewed interest and Bitcoin’s all-time highs. As a result, the meme coin sector, including PeiPei, has experienced a rally, with the project’s daily performance surging by 26%.
This surge highlights PeiPei’s ability to capitalize on bullish market conditions, particularly when driven by Bitcoin’s strong performance.
PeiPei (PEIPEI) price analysis
PeiPei, a meme coin with a $66.88 million market cap, has had a mixed performance recently.
Despite a remarkable 385% increase over the past year, PeiPei has struggled to break out of a stagnant price range.
I’ve seen technology reshape our world repeatedly. Previous technology platforms amplified human capabilities but didn’t fundamentally alter the essence of human intellect. They extended our reach but didn’t multiply our minds.
Artificial intelligence is different. It’s past the point where a difference in degree becomes a difference in kind. AI amplifies and multiplies the human brain, much like steam engines once amplified muscle power.