PEPE Coin Price Surges 50% Following Coinbase and Robinhood Listings
PEPE coin’s price soared by over 50% following announcements from Coinbase and Robinhood regarding its listings. Ethereum’s surge surpassed $0.000019, exceeding its previous high, as market cap increased to over $8 billion. Special emphasis on the impact of these listings on market visibility.
The recent announcement from Coinbase, the premier cryptocurrency exchange in the United States, has led to a notable jump in the price of PEPE coin by over 50%. This significant price increase follows Coinbase confirming that it would add PEPE to its listing roadmap, as stated by Paul Grewal, the Chief Legal Officer of Coinbase. “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,” he declared on social media. This announcement took place almost simultaneously with rival trading platform Robinhood’s own announcement of plans to list PEPE, marking a notable period for the token after it had been in demand for over 18 months. Consequently, PEPE surpassed the price of $0.000019, exceeding its previous all-time high of $0.000016 recorded earlier in May. This surge has pushed the market capitalization of PEPE into the realm of $8 billion, while trading volume reached $12 billion, thus positioning it among the top six cryptocurrencies by trading activity. The implications of these dual listings are expected to significantly enhance the visibility and accessibility of PEPE coin in the broader cryptocurrency marketplace.
The surge of PEPE coin’s price is intimately connected to major developments from two leading cryptocurrency exchanges in the United States, Coinbase and Robinhood. As cryptocurrencies gain increasing popularity, the presence of meme-based tokens like PEPE in prominent exchanges has garnered the attention of a growing investor base. With a market cap now exceeding $8 billion and trading volumes reaching significant levels, PEPE’s addition to major platforms highlights a broader trend of increasing legitimacy for meme coins in the cryptocurrency landscape, despite historical skepticism regarding their value and sustainability.
In conclusion, the anticipated listings of PEPE coin on Coinbase and Robinhood have catalyzed a remarkable increase in its market price and visibility. The joint announcements have created a significant uptick in trading activity, resulting in a market capitalization exceeding $8 billion. It is expected that the added accessibility from these major platforms will further propel the growth and interest in PEPE coin, suggesting a robust future for this meme-based digital asset. The excitement surrounding PEPE coin not only reflects the dynamics of the cryptocurrency market but also underscores the potential influence of social media and community support in driving asset popularity.
Original Source: cryptobriefing.com
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