- South Korea’s Upbit, is set to list the meme coin PEPE. This move could significantly boost the token’s market cap and popularity.
- Robinhood, a US-based trading platform, is also planning to list PEPE alongside other major cryptocurrencies like Solana, Cardano, and XRP.
- The meme coin has surged over 200%. Technical analysis suggests further upside potential, with a potential target of $0.0000104.
Upbit, South Korea’s largest cryptocurrency exchange, has announced the listing of the meme coin PEPE. As per the official blog, the PEPE/KRW trading pair will go live at 10:30 AM KST on November 14, 2023. This move is set to bolster the frog-themed token’s position as a major player in the crypto market.
The listing is deemed significant especially considering its recent surge in market capitalization, which has hit the $10 billion mark. Not only Upbit, the token has also secured listing in the United States based Robinhood, one of the most popular trading platforms.
Along with PEPE, the exchange is also planning to list several major cryptocurrencies, including Solana (SOL), Cardano (ADA), XRP. This move is expected to further increase the accessibility and mainstream adoption of these cryptocurrencies.
PEPE’s rapid rise to prominence has caught the attention of both retail and institutional investors. Its unique meme-based approach and strong community support have contributed to its impressive performance. The listing on Upbit and Robinhood is likely to fuel further price appreciation and attract new investors to the cryptocurrency market.
PEPE Memecoin Surges: A Bullish Breakout
Following the developments, the meme coin has broken out of a downtrend and recording a significant price surge of over 200%. It has recently hit a new all-time high of $0.00002567 and is currently trading around $0.000024.
The uptrend was spurred by a bullish pattern at the $0.00000718 level, which led to nine consecutive days of gains. As per technical analysis, PEPE still has room for further growth. Fibonacci projections indicate that the next potential target could be around $0.0000104. However, it’s important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly.
Overall it is clear that meme coins and altcoins are playing an increasingly important role. The listing of PEPE on major exchanges like Upbit and Robinhood signals a new era of mainstream adoption for cryptocurrencies, with the potential to reshape the financial landscape
