PEPE Market Cap Surges After Coinbase and Robinhood Announce Listings, Rivaling Dogecoin in Weekly Gains
Since major cryptocurrency exchanges revealed plans to list the token, meme coin PEPE has surpassed Dogecoin (DOGE) in weekly gains. This is in line with meme coins’ continued surge following the Republican triumph and a general market rally. The market responded instantly to the news of Pepe’s listings. In a few hours, Dogecoin’s market capitalization is at $57 billion, while the token’s temporarily surpassed $10 billion. Following the announcement of listings by two significant U.S.-based exchanges, Coinbase and Robinhood, Pepe’s value skyrocketed, generating enormous retail interest and providing the token with newfound prominence.
- During 24 hours, Dogecoin‘s trading volume reached $28 billion. Meanwhile, just hours following listing statements, Pepe recorded $24 billion.
- Doge is up 104.59% on a weekly basis, while the meme coin with a frog-themed has gained over 104.45% during the same time frame.
Pepe Price Reaches New Peak, Mimicking Dogecoin’s Meteoric Rise
According to CoinGecko data, Pepe hit an all-time high of $0.00002299 on Wednesday, surpassing its previous best set in May. Pepe thus made his debut appearance in the top 20 cryptocurrencies by market capitalization. The rise of the meme coin with a frog motif is similar to that of DOGE, which has experienced rapid expansion since the US election in November. Crypto experts are now pulling out their crystal prediction globe and asserting that, despite a sluggish start in the early days after the election, Pepe may follow Dogecoin’s path.
Amidst a market boom, Dogecoin reached a record high of $0.40, the highest price since 2021. A wider meme coin surge was triggered by Elon Musk, the CEO of Tesla, making fleeting references to it during President-elect Donald Trump’s campaign.
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