Pepe Coin Soars Post-Bitcoin Halving, Boosted by Coinbase Listing

The highly anticipated Bitcoin halving event of April 19, 2024 has triggered significant market reactions, including a notable surge in the price of the popular meme coin, PEPE. Since the halving, PEPE's value has increased by roughly 3.66%, while its overall performance over the past week shows an impressive 18% gain.

Surging Pepe Coin Benefits from Bitcoin Halving and Coinbase Listing

April 21, 2024

The highly anticipated Bitcoin halving, an event that occurs every four years and halves the issuance rate of the cryptocurrency, took place on April 19, 2024, triggering a significant market reaction. Among the cryptocurrencies experiencing strong growth following the halving is the popular meme coin, PEPE.

PEPE's Price Surge

Since the Bitcoin halving, PEPE has embarked on a remarkable upward trend. On April 18, the day before the halving, PEPE closed at a price of $0.000005. By April 20, it had opened at $0.00000515, marking a surge of approximately 3.66%. Over the past seven days, its price performance has remained promising, exhibiting an impressive 18% increase.

Coinbase Futures Listing Contributes to Growth

Beyond the positive impact of the halving, the listing of PEPE on Coinbase Futures on April 23 has also played a significant role in its growth. Coinbase, the world's second-largest cryptocurrency exchange, added a 1000PEPE-PERP pair, injecting additional liquidity into the market and enhancing PEPE's exposure.

Recent Price Momentum

The latest Pepe price chart indicates a 6% growth in the past 24 hours. At the time of writing, the Pepe price stands at $0.0000068, representing a notable 30% increase from its pre-halving value. The market capitalization has surpassed $2.88 billion, and PEPE has reclaimed its position as the third largest meme coin by market capitalization, overtaking Dogwifhat. However, this ranking may be short-lived as $WIF is scheduled for a Coinbase Futures listing on April 25.

PEPE Price Performance in March 2024

Prior to the Bitcoin halving, PEPE had reached its all-time high of $0.00001083 on March 14, 2024. From March 14 to April 19, the PEPE charts displayed a general downward trend, punctuated by bullish piercing candles.

Price Predictions for 2024

Crypto experts anticipate that the price of Pepe token will continue to escalate, reaching a projected $0.00000758 by the end of April 2024. Further price increases are predicted for May and June 2024, with estimates of $0.0000124 and $0.0000148, respectively. The popular YouTube channel 99Bitcoins recently released a Pepe coin price prediction video, forecasting the possibility of a new all-time high in the near future.

Investment Considerations

The impact of the Bitcoin halving on PEPE's price has been substantial in just three days, and further upside potential is anticipated. However, it is crucial to note that a strong green candle is required to surpass the price level of $0.00000752. The absence of red candles in the current uptrend is a positive sign.

While PEPE presents short-term opportunities for intra-day traders seeking quick gains, long-term investors may want to exercise caution due to the price volatility driven by buyer sentiment. The short green candles in the recent price action suggest low trade volumes.

Investors interested in diversifying their portfolios may consider implementing a dollar cost averaging (DCA) plan. It is essential to acknowledge that for PEPE to reach a new all-time high, it must overcome its previous resistance point of $0.00000997.

Dogeverse: A Promising New Meme Coin

Dogeverse, a multi-chain token, has emerged as a contender in the meme coin space. The 99Bitcoins channel has featured Dogeverse in recent videos alongside PEPE.

Dogeverse's utility extends beyond that of PEPE, as it is the first Doge meme token to be launched on multiple blockchains, including Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base. This multi-chain presence enhances its accessibility, scalability, and versatility.

The project has already raised over $9 million in its presale, with the current token price standing at $0.000301. Interested investors can access the whitepaper at thedogeverse.com. The presale's current stage is nearing completion, offering a limited window to acquire Dogeverse tokens before the price potentially rises.