Memecoins Surge on Crypto Bill Progress, Pepe Rises Over 18%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 14 2026
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Source: Benzinga
- Pepe Performance: The frog-themed Pepe coin surged over 18% in the last 24 hours, with a nearly 70% increase since the beginning of the year, indicating strong market demand and investor confidence.
- Bonk's Rise: The Solana-based Bonk coin followed closely with a 14% uptick, stretching its year-to-date gains beyond 56%, reflecting sustained investor interest and market vitality for emerging memecoins.
- Dogecoin and Shiba Inu Recovery: As the largest memecoin, Dogecoin rallied over 8% in the last 24 hours, while Shiba Inu lifted 5.80%, with both coins up more than 25% year-to-date, signaling renewed confidence in these traditional memecoins.
- Market Capitalization Growth: The total memecoin market capitalization expanded by 8.19% in the last 24 hours to $47 billion, demonstrating improved market sentiment and optimistic expectations for future growth.
Analyst Views on ETH
Wall Street analysts forecast ETH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ETH is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
