The crypto market’s fascination with meme coins has reached new heights as Pepe (PEPE) clinched a top 20 spot in market capitalization, briefly hitting a market cap of over $10 billion. This surge follows Pepe’s listing on two of the most influential U.S.-based crypto exchanges, Robinhood and Coinbase, igniting unprecedented retail interest.
While Dogecoin (DOGE) has also capitalized on the broader market rally fueled by post-election optimism, Pepe’s weekly performance has overshadowed Dogecoin, notching a 131% increase compared to Dogecoin’s 104% gains. This milestone solidifies Pepe’s place in the rapidly evolving meme coin space.
Pepe’s Meteoric Rise: Catalysts and Market Impact
1. Major Exchange Listings Boost Visibility
The announcements of Pepe’s listings by Robinhood and Coinbase significantly amplified its visibility among crypto enthusiasts.
- Robinhood’s decision to list Pepe alongside Solana (SOL), XRP, and Cardano (ADA) marks a pivotal moment. The move reinstated coins previously affected by regulatory scrutiny, reflecting a shift in how exchanges navigate the current market landscape.
- Coinbase’s addition of Pepe also addressed over 18 months of community lobbying, placing Pepe among elite meme coins like Dogecoin and Shiba Inu.
2. Record-Breaking Market Activity
Pepe’s trading volume soared to an astounding $24 billion within hours of the listing announcements, underscoring the robust demand for the token. Comparatively, Dogecoin recorded billion in 24-hour trading volume, highlighting the fierce competition between these two meme coins.
3. Price Milestones
Pepe achieved an all-time high of $0.00002299, surpassing its previous peak from May 2023. For context, Dogecoin’s price surged to $0.40, a level unseen since 2021, riding on Elon Musk’s implicit endorsements during the election campaign of President-elect Donald Trump.
Install Coin Push
Install Coin Push mobile app to get profitable crypto trading alerts as mobile notifications.
Meme Coins and the Bull-Run 2024 Narrative
The ongoing bull-run 2024 has reignited enthusiasm for meme coins, particularly those tied to influential narratives.
- The Republican victory in the U.S. elections played a pivotal role in the broader market rally, as pro-crypto policies are expected to bolster innovation and adoption.
- Analysts believe Pepe’s trajectory could mirror Dogecoin’s, with some projecting a 900% potential increase. As noted by Daan de Rover, founder of CryptoSea, “The Pepe breakout starts now.”
Binance has further validated the meme coin trend by listing Solana-based coins like ACT and PNUT, which have seen gains of up to 1,300%. This underscores the growing appetite for innovative and community-driven tokens.
Pepe’s Unique Community-Driven Story
Launched in April 2023, Pepe pays homage to the iconic internet meme “Pepe the Frog”, created by artist Matt Furie in 2005. Despite its modest beginnings, Pepe has steadily built a loyal following, leveraging its cultural significance to carve out a unique space in the crypto market.
Key Takeaways for Investors and Enthusiasts
For those tracking crypto movements via Coin Push Crypto Alerts, Pepe’s meteoric rise serves as a testament to the potential of meme coins. However, it’s essential to note that Coin Push Crypto Alerts does not provide buy, sell, or trading services. Instead, the platform offers valuable crypto signals and market updates to help users stay informed about trends, including Bitcoin, Ethereum, and altcoins.
Check out our article about Crypto Futures Signals to learn more!
Don’t miss our article about crypto alerts and telegram groups for futures traders. Stay updated with Coin Push Crypto Alerts as we track the ongoing developments throughout Bull Run 2024.
#CryptoAlerts #CryptoSignalsApp #Bitcoinsignals #Ethereum #Altcoins #BullRun2024
Disclaimer: All links provided are for informational purposes only. Coin Push Crypto Alerts does not endorse or take responsibility for the content or services provided on external websites.
Disclaimer: The information provided in this article does not constitute investment advice, financial advice, trading advice, or any other advice, and should not be treated as such. Coin Push Crypto Alerts does not recommend buying, selling, or holding any cryptocurrency. Always conduct your due diligence and consult a financial advisor before making any investment decisions.
Join Coin Push Crypto Alerts for Top Crypto Calls
There are indications that the crypto will be distributed to players over two years rather than all at once. This approach is likely designed to prevent a rapid drop in price after listing, with the intention that only the “whales” will remain to buy up your coins gradually.
Install Coin Push Crypto Alerts today and take the first step towards mastering the market in 2024. Choose reliability, choose transparency, and unlock the full potential of the upcoming bull-run.
Coin Push
Coin Push Crypto Alerts stands as a testament to the power of mathematical algorithms and data-driven analysis in providing actionable insights to traders. By prioritizing reliability and transparency, Coin Push Crypto Alerts empowers traders to make informed decisions and navigate the complex crypto market with confidence.
And always remember – No fortune telling, just math!
With Coin Push Crypto Alerts leading the way, traders can trade smarter, not harder, and seize the countless opportunities the crypto market offers. Choose reliability, choose transparency, and install Coin Push Crypto Alerts.
Follow Us on social @coinpushapp
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Trade Like a Pro with Coin Push Crypto Alerts
Are you looking to enhance your trading skills or confirm your strategies? AltSignals provides precise trading signals to help both novice and experienced traders. Explore Coin Push to stay ahead of the market and make informed trading decisions.
Install Coin Push Crypto Alerts today and take the first step towards mastering the market in 2024. Choose reliability, choose transparency, and unlock the full potential of the upcoming bull-run.
FAQ
Why did Pepe outperform Dogecoin this week?
Pepe’s surge is attributed to its listings on major U.S. exchanges like Robinhood and Coinbase, which dramatically increased retail interest and trading volumes.
What role does Coin Push Crypto Alerts play in tracking meme coins?
Coin Push Crypto Alerts provides real-time updates, crypto signals, and market analysis to keep users informed about trends in the crypto space, including meme coins.
Should investors consider Pepe as a long-term investment?
While Pepe has shown remarkable growth, its high volatility underscores the need for caution. Investors should conduct thorough research and stay updated via platforms like Coin Push Crypto Alerts for insights into market movements.
Stay ahead in the crypto game with Coin Push Crypto Alerts, your go-to source for real-time updates on Chainlink, Bitcoin, Ethereum, and more!
