The market value of popular memecoin Pepe (PEPE) has reached $10 billion, up 85 percent in the last 24 hours.$PEPE
According to CoinMarketCap data, PEPE’s price has increased by 77 percent to $0.000023. This significant price increase came as major cryptocurrency exchanges listed PEPE. Robinhood Crypto announced on November 14 that it had listed PEPE, SOL, ADA, and XRP for US users. Coinbase also began trading PEPE on November 13. South Korea’s largest exchange Upbit also opened a PEPE trading pair today. According to CoinMarketCap data, Upbit currently ranks fifth with a trading volume exceeding $10 billion.
Coinbase and Robinhood listing Pepe is a notable development, as both exchanges have previously been cautious about memecoins, Presto Research analyst Min Jung told The Block.
The GMCI Breast Index rose by 10.2 percent in the last 24 hours to 510.59. Meanwhile, Dogecoin lost 1.6 percent and Shiba Inu gained 0.59 percent.
BRN analyst Valentin Fournier stated that as long as Bitcoin is in a strong uptrend, the enthusiasm and price increases in memecoins will continue.
What do analysts say?
Cryptocurrency analyst AlejandroBTC stated that he thinks the PEPE rally is just beginning. The analyst, who predicts a 1053 percent increase for the popular memecoin, predicts that PEPE could reach levels of $0.00017064 and $0.000212527. AlejandroBTC, who stated that the price could go much higher, has already excited his followers.