Altcoin

PEPE Memecoin, already up 94% in a week, gets a further boost from its listing on Coinbase

Published

11 months ago

November 15, 2024

A preferred frog-themed meme merchandise that has risen 94% prior to now week is seeing one other step ahead after receiving help from prime US alternate platform Coinbase.

In a brand new announcement, Coinbase say that buyers can now purchase, promote, commerce, retailer and convert the favored memecoin Pepe (PEPE).

“Pepe is reside now [coinbase.com] within the Coinbase iOS and Android apps. Coinbase clients can log in to purchase, promote, convert, ship, obtain or retailer these belongings.”

Information of the itemizing despatched PEPE’s value flying from a November 14 low of $0.00001909 to a excessive of $0.00002222 the following day, a achieve of 16%. The value improve continues a pattern that noticed PEPE skyrocket in value after the presidential election earlier this month.

The day earlier than the election, Pepe was valued at simply $0.00000849. Nonetheless, the meme asset rose to a peak of $0.00002438 on November 13, a staggering 94% achieve. PEPE has since stabilized and on the time of writing is buying and selling at $0.00002147, down 6% over the past 24 hours.

Earlier this week, retail buying and selling large Robinhood introduced it will be including extra altcoins – together with PEPE – to its rising line of tokens. Different crypto belongings added embody Cardano (ADA) and XRP.

As Johann Kerbrat, then vp and basic supervisor of Robinhood Crypto, acknowledged:

“We now have constantly heard from our clients that they need entry to extra digital belongings, and we’re excited to proceed increasing our crypto providing. With decrease limitations to entry, we imagine crypto presents a chance for these traditionally left behind by the standard monetary system.”

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