Coinbase Officially Lists PEPE

Coinbase Adds PEPE Meme Coin to Its Listing, Following Robinhood's Lead

In a significant move for the meme coin space, Coinbase has officially listed the PEPE meme coin, becoming the second major cryptocurrency platform to do so. This follows an announcement earlier today by Robinhood, marking a pivotal moment for the frog-themed token’s trajectory. Both listings are expected to have a substantial impact on PEPE’s market performance, with the cryptocurrency’s value already experiencing a notable surge.

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The decision to list PEPE on Coinbase comes just hours after Robinhood’s announcement, further solidifying the meme coin’s growing appeal within the cryptocurrency community. Coinbase’s Chief Legal Officer, Paul Grewal, confirmed the listing via a post on X (formerly Twitter), stating that the meme coin would be added to the platform’s "Listing roadmap with the goal of going live later today."

PEPE Meme Coin Continues to Rise as Market Capitalization Expands

Since its inception in 2023, the PEPE meme coin has risen meteorically, quickly establishing itself as one of the dominant players in the meme coin sector. The token has climbed to become the third-largest meme coin by market capitalization, surpassing competitors in terms of growth and investor interest. What’s more, PEPE's position in the market is expected to increase even further, as factors driving the bullish sentiment around the token continue to gain momentum.

The coin’s price performance over the past 24 hours has been nothing short of impressive. According to CoinMarketCap, PEPE has surged by over 49.4%, bringing its value to $0.000019. This impressive spike comes on the back of a near 105% increase over the past week, further fueling speculation that PEPE’s upward trajectory could continue. With such rapid price movements, the token’s popularity has skyrocketed, attracting the attention of retail investors and traders alike.

A Surge in Market Capitalization and Potential for Growth

The listing on Coinbase is already having a visible impact on PEPE’s market capitalization, which has increased by more than 49% in the past 24 hours, reaching an impressive $8 billion. This surge places PEPE in a position to potentially challenge other prominent meme coins, including Shiba Inu (SHIB), for dominance in the meme coin sector.

To surpass SHIB and claim the position of the second-largest meme coin by market capitalization, PEPE would need to see its value climb beyond the $15 billion mark. While this may seem like a substantial leap, the momentum surrounding the PEPE token suggests that it is well-positioned to compete with the most established meme coins in the market.

PEPE Meme Coin Poised for Continued Success as Market Focus Intensifies

The PEPE meme coin’s rise is indicative of the broader trend within the cryptocurrency space, where meme coins continue to captivate investors and traders, despite their volatile nature. The growing list of exchanges listing PEPE reflects the increasing legitimacy of meme coins as investment assets, with PEPE rapidly establishing itself as a major player in this niche sector.

However, as with all meme coins, the future of PEPE remains unpredictable. While the current surge in price and market capitalization is a positive sign, the volatility that often accompanies these assets means that PEPE’s performance could experience sharp fluctuations in the coming months. Investors are advised to remain cautious, as meme coins are notoriously speculative and prone to rapid shifts in sentiment.

Despite these risks, PEPE’s listing on major exchanges such as Coinbase and Robinhood signals a new chapter for the meme coin. It highlights the growing interest and potential for meme coins to attract serious investors, with PEPE currently at the forefront of this movement.

As PEPE continues to capture the imagination of the crypto community, it will be fascinating to see how this meme coin’s journey unfolds. Will it maintain its upward momentum and challenge more established digital assets? Only time will tell, but for now, PEPE’s rise serves as a testament to the power of community-driven cryptocurrencies and the ever-evolving landscape of the digital asset market.

Source: Watcher.guru

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Writer @Erlin

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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