Pepe Coin Skyrockets 20%, Surpassing DOGE and SHIB Amidst Meme Coin Mania

With a 20% surge in the past 24 hours, Pepe coin has experienced a remarkable upswing, reaching $0.00000793. Additionally, the meme coin sector's market cap has increased by 6.4% to a value of $56.9 billion. Top gainers include Dogwifhat (WIF), Floki (FLOKI), Bonk (BONK), and Book of Meme (BOME). The surge is attributed to the listing of Pepe perpetual futures contracts on Coinbase International Exchange, making it accessible to institutions and retail traders alike.

Meme Coin Mania Resurfaces as Pepe Soars 20%, Outpacing DOGE and SHIB

The meme coin market is experiencing a resurgence, with the Pepe coin (PEPE) leading the charge. After a surge of 20% in the past 24 hours, PEPE is now trading at $0.00000793, while the broader meme coin sector's market capitalization has increased by 6.4% to $56.9 billion.

Coinbase Listing Fuels Pepe Rally

The surge in Pepe's price comes on the heels of its listing on Coinbase International Exchange and Coinbase Advanced for perpetual futures trading. The launch, originally scheduled for April 18th, was postponed due to technical reasons but finally went live on Tuesday.

This listing has ignited anticipation among traders, who had expected a rally considering the proximity to the fourth Bitcoin halving. Institutional and retail investors alike can now trade Pepe perpetual futures contracts through Coinbase International Exchange and Coinbase Advanced, respectively.

Pepe Technicals Hint at Potential Correction

While the outlook for Pepe remains bullish, technical analysis suggests a possible correction. The price action on the daily chart indicates that the Pepe price may encounter resistance at the 38.2% Fibonacci retracement level of $0.00000822. A brief consolidation above this level could be followed by a correction towards the 50% and 61.8% Fibonacci retracement levels.

However, a decisive breakout above the $0.00000900 psychological level could extend gains, potentially driven by a strong performance from Bitcoin.

Diversification into Alternative Meme Coins

As blue chip meme coins like BONK, WIF, FLOKI, and BOME capitalize on the market upswing, investors are seeking diversification into alternative projects with potential. One such contender is Dogeverse, a multi-chain ICO that has already raised over $10.2 million in its presale.

Dogeverse: A Pioneering Multi-Chain Meme Coin

Dogeverse stands out as the first meme coin to be launched on six of the most popular blockchains, including Ethereum, BNB, Polygon, Solana, Avalanche, and Base. This cross-chain compatibility allows investors to participate in the Dogeverse ecosystem regardless of their preferred blockchain.

The project's powering token, DOGEVERSE, is currently available for purchase in the presale at a price of $0.000301. A price increase is scheduled in the near future, presenting a limited window of opportunity to secure the lowest price.

Conclusion

The resurgence of meme coin mania has reignited investor interest in the sector. While blue chip meme coins like DOGE and SHIB may miss out on the rally due to their already established market presence, alternative projects like Pepe and Dogeverse are capturing attention. With its cross-chain capabilities and growing community, Dogeverse holds the potential to join the ranks of elite meme coins. Investors seeking diversification and growth opportunities in the meme coin space are advised to consider this emerging project.