PEPE’s Market Cap Soars Amidst Exchange Listings
In a dramatic turn of events, Pepe’s market capitalization has experienced a significant boost, briefly reaching $10.2 billion from around $5.7 billion just a day earlier. This surge has been fueled by the optimistic announcement of Pepe’s listing on major exchanges such as Coinbase and Robinhood. As of now, its market cap stands at $9.5 billion, showcasing the volatile yet promising nature of the meme coin market.
PEPE Surges 77%!
Within a short span, PEPE has managed to capture the attention of the crypto community with a staggering 24-hour trading volume of $14.65 billion. Its current market cap of $9.57 billion grants it a market dominance of 0.31%. Most notably, the price of this meme coin surged by an impressive 77% over the last 24 hours. This meteoric rise is largely attributed to Robinhood Crypto’s recent announcement, listing Pepe along with Solana, Cardano, and XRP for U.S. customers. Furthermore, the relisting of Solana, Cardano, and XRP by Robinhood, which were previously removed following SEC actions, adds to the positive sentiment surrounding PEPE.
The listing of PEPE on November 14 by both Robinhood and Coinbase significantly enhanced its visibility and demand. Robinhood, a preferred platform among daily U.S. traders, and Coinbase, just behind Binance in global influence, have both contributed to PEPE’s newfound popularity.
PEPE Outperforms DOGE
In a surprising twist, PEPE has managed to outperform the well-known Dogecoin (DOGE). Although Dogecoin recorded a trading volume of $28 billion over 24 hours, Pepe saw $24 billion in trading volume in just a few hours following its listing announcements. When examining weekly performance, Dogecoin’s value has increased by 104%, while the frog-themed meme coin has achieved an impressive gain of approximately 131% over the same timeframe.
Analysts Optimistic Over PEPE’s Potential
Crypto analysts are increasingly optimistic about Pepe’s potential trajectory, comparing it to Dogecoin’s remarkable rise. Despite a slow start in its early days, the sentiment around PEPE is overwhelmingly positive. Daan de Rover, the founder of the automated crypto trading platform CryptoSea, noted on social media that “the Pepe breakout starts now,” predicting a possible 900% increase in value.
Similarly, crypto trader Smiley Capital shared his belief that PEPE could reach levels akin to SHIB and DOGE in 2021, forecasting a potential 5-10x gain from current standings. Daniel Got Hits emphasized the significance of the Robinhood listing, which extends PEPE’s reach beyond traditional crypto platforms. Over the past year, PEPE has demonstrated remarkable growth, rising by an astounding 1,843% and outperforming 88% of the top 100 crypto assets. Its sustained performance, surpassing giants like Bitcoin and Ethereum, highlights the growing interest and confidence in PEPE within the industry.
