Ethereum Price Prediction Reflects The Return Of Altcoins, Can This Hype Carry Over To ETH Meme Coins?

Ethereum is heating up with major developments, and traders are bullish. Its surge will also boost memecoins on the chain, especially Pepe and Cutoshi. These Ethereum-based memecoinshave great potential for 2025.

Ethereum Eyes Key Support Amid Explosive Vitalik News

The king of DeFi, Ethereum (ETH), is back in the news again, thanks to its legendary founder. Vitalik Buterin, the founder of Ethereum, is one of the candidates for the Nobel Memorial Prize for Economics. The talk about this prestigious award going to Buterin is stirring up ETH bulls.

Notably, Alex Tabarrok and Tyler Cowen, renowned economics professors, talked about Buterinas the candidate. He has built a platform, created a whole new currency, and writes on monetary theory, Cowen suggested. He also stated that there is no one who has the knowledge and authority in this field like him.

A Nobel prize would be a great achievement and recognition for Ethereum. This legitimation is likely to send its price up. Currently trading at $2,377.07, Ethereum has been down slightly in the past 30 days. However, this could soon change, as ETH gains bullish momentum. Its next key support is at $2,395, which could be tested in the coming days.

Pepe Stands To Gain On Ethereum Rise

The Nobel Prize will not just be good for Ethereum. All tokens on the platform, including ERC-20 memecoins stand to gain. Memecoin sensation Pepe is among them. In fact, Pepe stands to compound its recent gains.

Pepe is up 23.53% over the last 30 days, reflecting the reemergence of memecoin trading. Its yearly performance was even better, gaining an astounding 1323.84%. This surge puts it at a market cap of $3.89 billion, among the biggest memecoins out there.

Because Pepe is based on Ethereum, many traders use ETH to buy it. This means that all memecoins on the chain are linked to ETH’s performance. Simply put, when ETH goes up, so do memecoins. Based on a viral meme, Pepe was a meme coin sensation last year. If meme coins go up, Pepe will surely follow, and post significant gains.