As a seasoned analyst with over two decades of experience in the financial markets, I’ve seen my fair share of market mania and frenzy. However, the recent surge in the PEPE coin price has left even this old dog astounded.
Meme coin PEPE price
PEPE
$0.000019
24h volatility:
53.6%
Market cap:
$8.03 B
Vol. 24h:
$12.77 B
has shot up by a staggering 52% in the last two hours following listing announcements by two of the top crypto platforms Robinhood and Coinbase. As of press time, the PEPE price is trading at a new all-time high of $0.00001932 with its market cap soaring past $8 billion and daily trading volumes shooting 25% to $8.54 billion.
Due to this rally, PEPE Coin has made its way into the top 20 most valuable cryptocurrencies by market capitalization. Earlier today, the well-known trading platform Robinhood Crypto declared that it would be incorporating PEPE alongside other coins such as Solana, Cardano, and XRP to its US trading platform. In the official statement, Johann Kerbrat, Vice President and General Manager of Robinhood Crypto, wrote:
Our clients frequently express a desire for greater access to digital resources. We’re thrilled to keep growing our cryptocurrency selection. By reducing the hurdles, we see crypto as a chance for individuals who were previously excluded from traditional finance.
Indeed, this advancement significantly boosted the value of PEPE, causing it to soar dramatically and igniting a widespread excitement across the meme coin market. Notably, PEPE wasn’t alone in experiencing this surge; other prominent meme coins joined the enthusiasm as well.
In the past few hours, Dogecoin (DOGE) saw a surge of around 13%, pushing its weekly gains to an impressive 112%. Meanwhile, Shiba Inu (SHIB) rose by approximately 7.3%. Interestingly, dogewhats (WIF) and Bonk (BONK) each experienced over 25% growth as well. These cryptocurrencies have shown significant gains within a short time frame.
PEPE Receives Double Bonus with Coinbase Listing
In addition to Robinhood, Coinbase has also decided to include meme coin PEPE in their listings, further fueling this rally’s growth. Earlier, Coinbase had mentioned that they planned to incorporate PEPE into their development plans, where they introduce some cryptocurrencies during their experimental phase to gauge public reaction and interest.
However, Coinbase CLO Paul Grewal later confirmed the plans of listing. He wrote:
The frog you’ve been eagerly anticipating will soon be within reach! We’re pleased to announce that Coinbase plans to add PEPE to its listings, hoping for a listing as early as today. Thank you for your understanding and patience.
Following surpassing its prior peaks reached in May 2024, the PEPE price has ventured into a fresh growth area, potentially paving the way for additional gains. Analysts remain optimistic regarding PEPE and predict a potential 10-fold increase from the current level moving forward.
The $PEPE breakout starts now.
I still think it can easily 10x from here…
— Crypto Rover (@rovercrc) November 13, 2024
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2024-11-13 19:18