Key Takeaway:
- Coinbase CLO Paul Grewal reveals the listing of the famous meme coin PEPE to their exchange.
- Following the news, the coin has surged above 70% in the last 24 hours.
- Analysts predict that PEPE will rise by 10% in the following days.
As the crypto market surges above expectations, the PEPE meme coins are back in action. In 24 hours, the highly famed meme coin has surged more than 70%. The PEPE is a meme coin that was launched in April 2023. Upon its launch, the coin quickly gained traction in the market and became one of the most popular meme coins in the market. In this article, we will look into the coin’s sudden spike in the market, the factors that influenced this spike, and how the famous meme coin will fare in the coming weeks.
PEPE Coin Current Market Standing
The PEPE coin is currently ranked #14 in the crypto market based on its current market capitalization, which stands at $9.91 billion. The coin is currently trading at $0.00002375 in the market with an uptrend of 83.58% in the last 24 hours. The coin first started its bull run on the 13th of this month. At that time, it was trading at $0.00001364. From there, the coin shot up by more than 80%.
The coin was performing moderately well in the market following the US Presidential election and Trump’s victory. However, it hadn’t undergone a major growth spurt like this during that time. If the trends in the market continue to favor the coin, we may see a further spike in its market value in the coming days, especially during this “meme supercycle”.
CoinBase and Robinhood Listing & The PEPE Surge
Meme coin PEPE is on a roll in the market after rallying over 80% in 24 hours. The major reason for the coin’s rally is its listing on the Robinhood exchange alongside others like Solana, XRP, and Cardano. Johann Kerbrat, the company’s general manager has claimed that adding support for the coins took a lot of work, indicating the importance of the coins.
Following this listing, Coinbase also announced that it has listed the coin on its platform. This was made public through the post made on X by Paul Grewal, Chief Legal Officer of Coinbase. The listing commenced on that day itself, and it had a huge impact on the coin’s price and demand in the market.
This listing is likely going to have a huge impact on the meme coin market. It would not only result in the boosting of the coin’s value but also encourage the adoption of meme coins as a whole, especially among individual investors.
PEPE Coin Short-Term Price Prediction
Based on expert opinion and with the help of numerous tier-1 market analysts, we have put together a table showing the possible price of the coin in the coming days. It also shows the coin’s potential ROI of the coin. If you want to gain insight into the possible future of the meme coin, kindly refer to the given table.
| Date | Possible Price | Potential ROI |
|---|---|---|
| 15 Nov, 2024 | $0.00002090 | 11.45% |
| 16 Nov, 2024 | $0.00002205 | 6.66% |
| 17 Nov, 2024 | $0.00002352 | 0.36% |
| 18 Nov, 2024 | $0.00002533 | 7.34% |
| 19 Nov, 2024 | $0.00002734 | 15.59% |
While referring to the table, keep in mind the fact that the above-given prices are affected by the change in trends in social media and can vary accordingly.
Is it a good time to buy the PEPE meme coin?
The market sentiment for the PEPE coin is currently showing a “Bullish” trend. Based on the opinions of various experts in the market, the coin is predicted to rise by 232.9% and reach a market value of $0.00006957 by the first half of December.
The coin recorded 15/30 days to be green with a Fear & Greed index of 84. This indicates “Extreme Greed” with a volatility rate of 15.33% over the last month. Based on this forecast, it is a good time to invest in the famous meme coin.
However, you need to keep in mind the fact that PEPE is one of the most volatile coins in the market. Its value can change at a moment’s notice based on the trends in social media. So, it would be beneficial if you conduct a trend analysis of the market before proceeding with the investment.