Pepe’s market cap briefly surpassed $10.2 billion, up from about $5.7 billion a day ago, fueled by optimism over recent stock news from major exchanges like Coinbase and Robinhood. The market capitalization currently stands at $9.5 billion.
PEPE increases by 77%!
PEPE has an impressive 24-hour trading volume of $14.65 billion and a market capitalization of $9.57 billion, giving it a market dominance of 0.31%. Remarkably, the price of the meme coin has increased by 77% in the last 24 hours.
Robinhood Crypto shared yesterday that it was listing Pepe, Solana, Cardano and XRP for US customers. Robinhood’s listing of Pepe comes amid the platform’s relisting of Solana, Cardano and XRP, which were previously halted after the U.S. Securities and Exchange Commission targeted several centralized exchanges with charges for offering unregistered effects.
https://twitter.com/RobinhoodApp/status/1856702329703285115
Coin base also began allowing Pepe trading on Wednesday. In addition, Upbit also opened the Pepe trading pair today.
PEPE’s massive price increase is attributed to the large increase in visibility and demand following its November 14 listings on Robinhood and Coinbase. While Robinhood is the popular exchange among everyday US traders, Coinbase is just behind the world’s largest crypto exchange, Binance.
PEPE outperforms DOGE
PEPE has also outperformed Dogecoin (DOGE). Trading volume for Dogecoin reached $28 billion in 24 hours. Pepe, meanwhile, notched $24 billion in just hours after announcing the listing. In terms of weekly performance, Doge is up 104%, while the frog-themed meme coin is up about 131% over the same period.
Analysts optimistic about the potential of PEPE
Crypto analysts argue that Pepe could follow Dogecoin’s trajectory despite a slow start in the first few days after the election. “The Pepe outbreak starts now,” Daan de Rover, founder of automated crypto trading platform CryptoSea, said on X on Wednesday, noticing that the token could make another 900% jump.
Crypto trader Smiley Capital shared its view on Pepe that it could potentially reach “SHIB/DOGE 2021 levels” and expects a gain of 5-10x from current levels, expecting a “generational top”. Daniel got hits suggests that the Robinhood list is particularly influential because of its reach beyond just crypto-focused platforms.
https://twitter.com/smileycapital/status/1856841986667679954
PEPE has shown remarkable growth over the past year, rising an impressive 1,843% and outperforming 88% of the top 100 crypto assets. Its continued performance, surpassing giants like Bitcoin and Ethereum, shows the level of interest and confidence PEPE has gained in the sector.
