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Following announcements by Robinhood and Coinbase to list PEPE, the meme coin’s price skyrocketed by 52%, reaching an all-time high of $0.0000193.
Key Notes
The PEPE rally spurred gains across the meme coin sector, with Dogecoin (DOGE) rising by 13%, Shiba Inu (SHIB) gaining 7.3%.With PEPE in a new price discovery phase after breaking previous highs, analysts expect another 10x surge.PEPE coin has entered the list of top twenty cryptocurrencies with market cap.Meme coin PEPE price PEPE $0.000019 24h volatility: 47.6% Market cap: $7.92 B Vol. 24h: $11.93 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.
As a result of this rally, PEPE Coin has entered the list of top 20 cryptocurrencies by market cap. Earlier today, the popular trading platform Robinhood Crypto announced that it would be adding PEPE along with other crypto like Solana SOL $216.3 24h volatility: 2.6% Market cap: $101.88 B Vol. 24h: $12.50 B , Cardano ADA $0.60 24h volatility: 4.4% Market cap: $21.32 B Vol. 24h: $2.49 B & XRP XRP $0.71 24h volatility: 4.4% Market cap: $40.43 B Vol. 24h: $10.46 B to its US trading platform. In the official announcement, Johann Kerbrat, VP and GM of Robinhood Crypto wrote:
“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.”
Well, this development was enough to send the PEPE price skyrocketing thereby triggering a major frenzy in the entire meme coin space. Along with PEPE, other top meme coins have also been part of the euphoria.
The Dogecoin DOGE $0.42 24h volatility: 13.4% Market cap: $61.73 B Vol. 24h: $34.78 B price surged 13% taking its weekly gains to more than 112%. Similarly, Shiba Inu SHIB $0.000027 24h volatility: 5.8% Market cap: $15.83 B Vol. 24h: $5.70 B gained 7.3% while dogwifhat WIF $3.74 24h volatility: 28.6% Market cap: $3.73 B Vol. 24h: $2.76 B and Bonk BONK $0.000038 24h volatility: 28.3% Market cap: $2.62 B Vol. 24h: $3.06 B each gained over 25% just within the last few hours.
PEPE Receives Double Bonus with Coinbase Listing
Apart from Robinhood, crypto exchange Coinbase also announced its decision to list meme coin PEPE thereby providing another boost to this rally. Earlier the crypto exchange stated that it would add PEPE to its roadmap, wherein it lists some cryptocurrencies as part of its experimental phase to test the waters with consumer response.
However, Coinbase CLO Paul Grewal later confirmed the plans of listing. He wrote:
“You’ve long wanted the frog. Well, soon you’ll get the frog. Coinbase is adding PEPE to our listing roadmap with the goal of listing later today. Thanks for your patience.”
After breaking its previous highs from May 2024, the PEPE price has entered into a new discovery zone leaving the playfield open for a further rally. Analysts continue to remain bullish about PEPE while expecting another 10x surge from here onwards.
The $PEPE breakout starts now.
I still think it can easily 10x from here… pic.twitter.com/TjBwkqUa6u
— Crypto Rover (@rovercrc) November 13, 2024
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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
