PEPE Meme Coin Surges as Coinbase Listing Fuels Frenzy

The cryptocurrency market remains stable, with Ethereum-based meme coin PEPE surging significantly. PEPE's value has jumped 20% in 24 hours and 35% in the past week, propelled by its upcoming inclusion on Coinbase International's perpetual contracts platform. Coinbase will also introduce Dogwifhat (WIF) perpetual futures, boosting liquidity and visibility for these meme coins.

Meme Coin PEPE Soars Amidst Bitcoin and Ethereum Halving

The cryptocurrency market has entered the week with relative stability, but the limelight has been stolen by the Ethereum-based meme coin PEPE, which has experienced a remarkable surge in value. Over the past seven days, PEPE has not only gained 20% in 24 hours but has also accumulated a substantial 35% gain in the last week. This impressive rally has unfolded amidst the halving period for both Bitcoin and Ethereum, which have recorded more modest increases of under 3%.

The price of PEPE has skyrocketed to $0.00000690 following the announcement that Coinbase International, the global arm of renowned American cryptocurrency exchange Coinbase, will be listing PEPE perpetual contracts on its platform. Originally scheduled for April 18th, the launch was postponed to April 23rd due to technical difficulties.

The news has been met with widespread jubilation within the cryptocurrency community, who have expressed their excitement through an array of memes on Twitter. In addition to PEPE, Coinbase is also preparing to introduce perpetual futures for Solana-based meme coin Dogwifhat (WIF), which is expected to commence on April 25th.

Coinbase International Exchange has confirmed the addition of support for PEPE perpetual futures on its platform, slated to open on or after 9:30 AM UTC on April 23, 2024.

Technical indicators for PEPE also indicate promising signs. The coin has recently breached the EMA55, which suggests a potential recovery after a significant 13% correction over the past month. If the positive trend persists, PEPE could encounter resistance levels at $0.00000755 or even $0.00000900. Conversely, a pullback could test recent support at $0.00000510.

The inclusion of PEPE in perpetual contracts on Coinbase is a significant milestone, providing enhanced liquidity and visibility for the currency. Such developments are crucial for attracting both seasoned investors and newcomers to the cryptocurrency realm, fostering greater interest and participation in the crypto ecosystem.

Editor's Choice:

• MEW Cryptocurrency Surges Amidst Market Downturn, Challenging Rival Memecoins
• Coinbase to Enable Trading of Dogwifhat Memecoin Perpetual Futures; WIF Price Jumps 20%