The memecoin $PEPE has seen a notable increase in new holders over recent days, with reports of 298 new holders on August 4 and 568 new holders on August 7. Market sentiment around $PEPE is bullish, with expectations of a price surge supported by technical analysis indicating that the coin is consolidating at a key support level. Analysts suggest that if $PEPE maintains this support and reclaims its point of control with volume, it could rally back to previous highs. Additionally, the broader crypto market sentiment is optimistic, with projections of Ethereum ($ETH) reaching $10,000 by the end of the year and $PEPE potentially reaching a market capitalization of $69 billion by year-end. The anticipation of upcoming interest rate cuts is also contributing to positive outlooks for $PEPE and other cryptocurrencies. Investors are advised to consider $PEPE in decentralized finance (DeFi) contexts, such as Teller loans, as part of their strategies. Other memecoins like $PENGU and $SPX are also being highlighted as buying opportunities.