The meme coin Pepe (PEPE) has surged to a new all-time high, fueled by its recent listings on popular trading platforms Robinhood Crypto and Coinbase. This news has ignited a wave of excitement among crypto enthusiasts, who are predicting a potential 10x rally for the digital asset.
Robinhood Crypto, known for its user-friendly interface, announced the addition of PEPE to its platform on Wednesday, alongside other prominent cryptocurrencies like Solana (SOL), Cardano (ADA), and XRP (XRP). The company’s VP of Crypto, Johann Kerbrat, stated that the move was a direct response to customer demand for greater trading options. Robinhood’s focus on accessibility and security has made it a popular choice for both seasoned and novice investors.
Coinbase, another major cryptocurrency exchange, swiftly followed suit, confirming on its X account (formerly Twitter) that PEPE is now available for transfers on the Ethereum network in regions where trading is supported. The exchange’s Chief Legal Officer, Paul Grewal, announced that PEPE would be officially listed for trading on Coinbase later that day.
This dual listing on two of the most prominent trading platforms has been a catalyst for the current surge in PEPE’s price. The coin has seen a remarkable 44% increase in value, currently trading at $0.00001867. The news has prompted enthusiastic discussions among crypto traders, with many comparing PEPE’s potential to that of Dogecoin.
Crypto trader Degenharambe highlighted Pepe’s unique status, noting that it’s one of the few meme coins to secure listings on both Robinhood and Coinbase. Trader Posty speculated that PEPE could follow a similar trajectory to Dogecoin, while other analysts, such as Davie Satoshi, predict that PEPE might even surpass its previous highs and embark on a ‘historic tear.’ The optimism is palpable, with several traders expecting a significant price surge.
Crypto Rover, echoing the sentiments of many, predicted a potential 10x rally for PEPE, stating that the breakout has already begun. The news of PEPE’s listing on these prominent platforms has injected a significant boost of confidence into the meme coin’s future prospects.
The influence of meme coins will be a key topic of discussion at Benzinga’s upcoming Future of Digital Assets event on November 19th. This event promises to provide valuable insights into the evolving landscape of the cryptocurrency world, including the role and potential of meme coins like Pepe.
