Pepe Price Prediction As Coinbase Futures Will List The Top Meme Coin

Simon Chandler

Last updated:

April 23, 2024 at 19:08 GMT+3

| 3 min read

The Pepe price has jumped by 6% today, having risen to $0.000006859 after Coinbase announced it will launch PEPE perpetual futures on its international and advanced exchanges.

This move puts the meme token up by 33% in the past week, and while it’s actually down by 7.5% in the last 30 days, it remains up by an impressive 2,000% in the past year.

Coinbase’s growing support for PEPE should help it continue to build on such progress, with the meme coin remaining a popular vehicle for big short-term profits among larger traders.

And with the market looking to become more bullish later in the year, the Pepe price could see further positive action soon.

Pepe Price Prediction As Coinbase Futures Will List The Top Meme Coin Today.

PEPE’s indicators are currently in a bullish position, pointing to further gains before the coin runs out of short-term steam.

Its 30-day average (orange) formed a golden cross with the 200-day (blue) a couple of days ago and is still rising, signalling that buying pressure remains high.

Similarly, PEPE’s relative strength index (purple) is also in a promising position, rising back towards 70 after a brief dip earlier this morning.

One particularly encouraging development is the coin’s 24-hour trading volume has risen to $1 billion today, up from only $360 million a couple of days ago.

This highlights how buyers are rushing into the meme coin, with the catalyst for this being the aforementioned news that Coinbase is finally rolling out PEPE perpetual futures on its international and advanced exchanges.

This is bullish for a couple of reasons, with the first being that it will expand PEPE’s market and increase demand for the token.

And more broadly, it highlights how PEPE remains a token with the potential to grow further, with other exchanges possibly introducing futures for the token in the not-too distant future.

It’s also worth discussing how the market is likely to heat up in the latter half of the year, as the Federal Reserve introduces its hotly anticipated rate cuts, and as the wider global economy improves.

This will heighten demand for speculative assets such as PEPE, with the Pepe price likely to reach $0.00001 by the end of the summer.

Other Meme Tokens With Big Potential.

PEPE continues to secure its position as one of...

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