As a seasoned crypto investor with a knack for spotting opportunities, I must admit that the meteoric rise of Pepe ($PEPE) has caught my attention. Having witnessed the crypto market’s volatile yet thrilling ride over the years, I’ve learned to keep an open mind and a cool head when it comes to new listings like this one on Coinbase.
In just the past day, the cost of the meme coin Pepe ($PEPE), based on a frog theme, has skyrocketed by more than 100% following its listing on the well-known cryptocurrency platform, Coinbase.
Based on current market information, PEPE has experienced a significant increase of over 103% within the past 24 hours. This surge is due to an intense rise following its recent listing, which has caused it to trade at approximately $0.0000209 per token. Prior to the listing, the price was $0.000103.
The listing was revealed on the microblogging platform X (formerly known as Twitter), with a post from Coinbase’s Chief Legal Officer Paul Grewal revealed Coinbase was adding PEPE.
The escalation in prices sparked a substantial rise in people cashing out their profits, resulting in an astounding transaction volume of $53.14 trillion, equating to approximately $1.16 billion. This wave of profit-taking indicates a possible buildup of selling pressure, implying that the price of PEPE could drop temporarily in the near future.
On the 17th of April, 2023, PEPE entered the cryptocurrency market as a meme coin, inspired by the beloved meme character Pepe the Frog. Despite concerns about the contract owner’s ability to alter transaction taxes and block certain functions, the PEPE market has witnessed an astounding surge in popularity.
Previously, a fortunate individual appeared to have converted a modest initial investment of 0.125 Ether (ETH) into an astonishing $1.14 million within a few short days, thanks to strategic timing when purchasing PEPE cryptocurrency.
The value of the cryptocurrency is currently increasing, coinciding with a broader surge in the cryptocurrency market often referred to as a bull run. Notably, the price of the leading cryptocurrency, Bitcoin (BTC), has recently reached an unprecedented peak near $93,000.
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2024-11-14 20:18