Pepe (PEPE), a popular frog-themed meme asset, is making headlines again as it continues its impressive rally, having surged 94% over the past week. The latest catalyst driving the price of PEPE even higher is the official listing on Coinbase, one of the largest and most prominent US-based cryptocurrency exchanges. The listing has provided a significant boost to the memecoin, and investors are taking notice.
In a recent announcement, Coinbase revealed that Pepe (PEPE) is now available for trading on its platform, meaning investors can now buy, sell, store, and convert PEPE tokens. This news sent PEPE’s price on an upward trajectory, with the token jumping from its November 14th low of $0.00001909 to a peak of $0.00002222 the following day—an impressive 16% price increase.
The listing comes on the heels of a broader surge in PEPE's value, which has been propelled by the excitement surrounding the upcoming presidential election. The day before the election, PEPE was valued at just $0.00000849, but it rapidly gained momentum after the election, soaring to a high of $0.00002438 on November 13th—marking a staggering 94% price increase in just a few days.
As of the latest data, PEPE is trading at $0.00002147, experiencing a slight 6% dip over the last 24 hours. However, the recent rally and Coinbase listing indicate that the meme token still holds substantial potential for further growth.
The listing on Coinbase is not the only recent milestone for PEPE. Earlier this week, retail trading giant Robinhood also announced it would be adding PEPE, along with other altcoins such as Cardano (ADA) and XRP, to its expanding list of supported tokens. Robinhood's decision to list PEPE is a clear indication of the growing demand for meme coins and altcoins within the retail investor community.
Johann Kerbrat, Vice President and General Manager of Robinhood Crypto, commented on the company's continued expansion into the cryptocurrency market, stating, “We’ve consistently heard from our customers that they want access to more digital assets, and we’re excited to continue expanding our crypto offering. With lower barriers to entry, we believe crypto presents an opportunity for those who have been historically left behind by the traditional financial system.”
This move to add PEPE, along with the listing on Coinbase, suggests that the memecoin is gaining increasing legitimacy and becoming more accessible to a wider range of retail traders.
Pepe (PEPE) joins the ranks of other meme-based cryptocurrencies like Dogecoin (DOGE) and Shiba Inu (SHIB), which have gained large followings and seen massive price surges driven largely by social media trends and celebrity endorsements. PEPE, in particular, has capitalized on its meme status, attracting a community of passionate supporters who are eager to see the coin continue to rise in value.
The coin's recent price surge also highlights the growing interest in altcoins and meme tokens as retail investors look for new opportunities in the crypto space. As more platforms, like Coinbase and Robinhood, list these tokens, the accessibility and visibility of meme coins are likely to continue increasing.
With the recent listing on Coinbase and the growing attention from both retail investors and major platforms, PEPE is positioning itself as one of the most exciting and talked-about memecoins in the market. As the token remains in the spotlight, there’s potential for further price growth, especially if PEPE continues to ride the wave of excitement surrounding meme coins.
However, as with all cryptocurrencies, especially meme assets, investors should remain cautious of the volatility that can accompany these types of tokens. While PEPE has shown impressive gains recently, its price can fluctuate significantly, so it’s important to stay informed and prepared for any market movements
.For now, the memecoin's future looks bright, and investors are eagerly watching to see if PEPE can maintain its momentum and climb even higher in the coming weeks.
Pepe (PEPE) has experienced a meteoric rise in the past week, fueled by its Coinbase listing and growing retail adoption through platforms like Robinhood. The coin's value has skyrocketed by 94%, with the potential for even more significant gains in the future. As meme coins continue to capture the attention of crypto enthusiasts and retail traders alike, PEPE is emerging as a top contender in the meme coin market, offering both opportunities and risks for those looking to invest in this exciting space.
November 2024, Cryptoniteuae