PEPE Coin Surges by 50% Following Robinhood and Coinbase Listings – Yurika.R

The price of PEPE coin has soared over 50% after the announcement made by Coinbase stating that it would be listing the meme-inspired token. This significant move made by the large U.S. cryptocurrency exchange was mirrored by a similar announcement from Robinhood, which sparked widespread interest in the digital asset. Due to these announcements, PEPE’s market capitalization has now surged past $8 billion, which has now established the token as one of the most valuable meme coins currently in circulation. 

Unlike Ethereum and Bitcoin, which offer distinct utilities like blockchain development platforms or decentralized finance (DeFi), PEPE belongs to the meme coin category, similar to Shiba Inu and Dogecoin. These meme tokens are primarily driven by speculative trading, community engagement, and cultural relevance. 

As the cryptocurrency market continues to expand and receive mainstream attention, platforms that are leading the adoption of crypto as a payment method, like eCommerce sites and crypto casinos, are reshaping how users interact with crypto assets beyond trading. Known as the Wed3 community’s first choice for Bitcoin casinos, this site offers a top-tier gaming experience that encompasses the unique benefits of blockchain technology. As a hub for crypto enthusiasts seeking seamless integration and entertainment with their favorite digital assets, Lucky Block is more than just a casino as its blockchain underpinning enables it to provide instant withdrawals, anonymous transactions, and expedited registrations—features that most traditional online casinos simply can’t match. 

With the crypto world now encompassing tens of thousands of tokens and various categories for them, one is rapidly gaining popularity as a community-driven project inspired by the internet meme “Pepe the Frog”. The milestone listing achieved by the PEPE coin is causing many crypto traders to take notice. Propelled by speculative trading activity and a passionate community, PEPE has become a serious contender in the crypto world despite its origins as a humorous token. 

Coinbase’s Chief Legal Officer, Paul Grewal, shared the listing news on X (formerly Twitter). After his fun and quirky announcements that fit right in with the lightheartedness of meme culture, the market wasted no time in responding. 

An hour later, Robinhood also announced its plans to support PEPE trading. Surpassing its peak of $0.000016 in May, both of these announcements boosted PEPE’s price to an all-time high of $0.000019. 

Within 24 hours, trading volume for the token reached $12 billion, ranking it among the top 6 cryptocurrencies by activity. Despite these listings offering PEPE greater visibility and accessibility in the U.S. market, Investors urge individuals to approach meme coins with caution as their value is based on community sentiment and market trends as opposed to utility. 

Prominent crypto-centric industries coupled with PEPE’s meteoric rise showcase the evolving nature of the cryptocurrency world. Although meme coins capture the excitement of viral trends and turn them into actual value, crypto gaming, and other innovative applications, demonstrate how blockchain technology is redefining industries. 

As for PEPE gaining visibility on major trading platforms, the future of this meme-inspired coin will depend on regulatory developments, market dynamics, and sustained community engagement. With that being said, PEPE’s explosive growth reflects the unpredictable and ever-evolving nature of cryptocurrencies and the market as a whole.  

Source Y.R -#PEPE #Coin #Surges #Robinhood #Coinbase #Listings

2024-11-21 04:51:00