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Cryptocurrency News Articles

$PEPE Skyrockets Over 60% as Robinhood and Coinbase List the Meme Coin, Ushering in the Meme Coin Supercycle

Nov 15, 2024 at 09:45 pm

In a dramatic turn of events, $PEPE has taken the crypto world by storm, skyrocketing over 60% within hours of its surprise listing on major US exchanges.

$PEPE Skyrockets Over 60% as Robinhood and Coinbase List the Meme Coin, Ushering in the Meme Coin Supercycle

Major US exchanges, including Robinhood and Coinbase, have made a surprising move by adding the meme coin $PEPE to their platforms. This marks the first time that Coinbase has listed a prominent meme coin since 2021, signaling a shift in the crypto market landscape.

Following this news, $PEPE soared to an all-time high of $0.00002203, with trading volume surpassing $12 billion. This surge comes as Donald Trump emerged victorious in the US presidential election, boosting optimism in the crypto sector.

Trump's intentions to remove SEC Chair Gary Gensler, a move supported by the crypto community, could lead to regulatory changes. These might open the door for more extensive token listings and potentially drop ongoing lawsuits against major exchanges like Coinbase and Robinhood.

In addition to $PEPE, Robinhood also added $SOL, $XRP, and $ADA, further solidifying its presence in the rapidly growing crypto trading space.

This development is being hailed as a significant moment in what analysts are calling the “meme coin supercycle.” With increased accessibility on mainstream platforms, the potential for $PEPE and other meme coins is vast.

Prominent analyst Giba Machado captured the sentiment succinctly, tweeting: “RAISE ALL your targets.”

Another Pepe-themed project is also gearing up for its moment in the spotlight. Pepe Unchained, a new Ethereum Layer-2 network, is nearing the end of a highly successful ICO.

The presale has already raised $28 million, and with only 30 days left, excitement is at an all-time high. Pepe Unchained aims to revolutionize meme coin development and trading by offering lower transaction fees and faster speeds.

Its native token, $PEPU, plays a critical role in the network, powering transactions and rewarding early investors with up to 87% APY for staking. Given the loosening restrictions on token listings at major exchanges, Pepe Unchained could soon debut on Tier-1 platforms. Analysts are urging investors to act quickly before the presale concludes.

This development underscores the growing influence of decentralized communities in shaping the crypto landscape. As meme coins gain steam on mainstream platforms, the potential for these “joke” projects to deliver actual value becomes increasingly clear.

With the stage set for a meme coin supercycle, projects like $PEPE and Pepe Unchained are poised to lead the way. Investors seeking to capitalize on this momentum should keep a close watch on these unfolding events.

News source:www.crypto-news.net

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Other articles published on Nov 16, 2024