PEPE Coin Skyrockets Amid Listings on Coinbase and Robinhood
PEPE Coin has made headlines following significant announcements regarding its listings on major cryptocurrency exchanges Coinbase and Robinhood. On November 13, 2024, the meme-based digital asset surged over 50% in value after Coinbase confirmed that it would add PEPE to its trading platform, a listing eagerly anticipated by its community for over a year and a half.
Coinbase’s Chief Legal Officer, Paul Grewal, expressed excitement in a tweet that declared, “You’ve long wanted the frog. Well, soon you’ll get the frog,” shortly after Robinhood made a similar announcement regarding the listing. The dual listings pushed PEPE’s market capitalization past $8 billion, with its price reaching new all-time highs, hitting approximately $0.00001944.
This surge in PEPE’s price aligns with a broader positive trend in the cryptocurrency market, bolstered by a bullish outlook amidst speculations of a more crypto-friendly regulatory environment under the upcoming administration of Donald Trump. The coin’s rapid rise reflects a renewed interest in meme coins, which are capturing investor attention alongside a wave of successful listings and market momentum.
Trading volumes for PEPE have also seen astronomical increases, with reports indicating a staggering $12 billion in the wake of the announcements. Analysts are optimistic, predicting that further growth could be on the horizon as potential investors look to capitalize on the hype surrounding meme coins. Crypto enthusiasts speculate that with the current market trajectory, PEPE may still have the potential for substantial gains, echoing the explosive performance of other meme coins like Shiba Inu in previous cycles.
As the listings unfold, investors and analysts are keenly observing PEPE’s performance, weighing the risks and opportunities associated with investing in this volatile segment of the cryptocurrency market. The community’s excitement is palpable, with many discussing the likelihood that PEPE could replicate or even exceed past achievements of other meme cryptocurrencies.
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