Meme coins such as PEPE, SHIB and DOGE are on the rise with gains of up to 26% in the last 24 hours! This growth is attributed to the “spillover effect” resulting from the rise of Bitcoin and Ethereum. Investors have been using meme coins as a proxy bet on Ethereum's growth since late February. - Pepecoin (PEPE) increased by 26%, while DOGE and SHIB increased by 10% - CoinGecko's meme coin category showed average industry growth of 8.6% - Ethereum (ETH) is heading towards $4,000, the level previously seen in December 2021