Recent announcements on Coinbase And Robin Hood have reinvigorated bullish sentiment about Pepetraders calling for new all-time highs coming soon.
| Cryptocurrency | Price | Market capitalization | 24 hour trend | 7-day trend |
| Pepe PEPE/USD | $0.00001833 | $7.7 billion | +1.8% | -9.2% |
| Dogecoin DOGE/USD | $0.3934 | $57.8 billion | +4% | +0.99% |
| Shiba Inu SHIB/USD | $0.00002499 | $14.7 billion | +4.2% | +1.9% |
Trader Notes: Crypto trader MaxBecauseBTC sees Pepe standing out in the coin space, predicting it will join Dogecoin and Shiba Inu as multi-billion dollar assets.
In a job on X On Tuesday, he pointed out that while most meme plays would disappear quickly, Pepe’s enduring appeal could make it a key player in the market.
Max highlights a potential “flight to quality” among investors, moving away from even weaker coins towards those with higher speculative value. This change, he suggests, could lead to a rapid revaluation of high-potential assets like Pepe.
Likewise, trader Dami-Defi predicted a “massive breakthrough” for Pepe in the near future, strengthening its position among the top coins.
Statistics: IntoTheBlock data shows significant transaction volume up 187.3% and daily active addresses down 7.2%. Transactions above $100,000 remain relatively stable at 446.
Around 86% of Pepe holders are currently making a profit.
Community News: In mid-November, Coinbase listed Pepe on his stock market.
Robinhood also announced the listing of Pepe on its platform, expanding its coverage to a wider US audience.
Read next:
Image: Shutterstock
News and market data powered by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.