PEPE Coin has attracted attention with its recent double-digit price increase. Recent positive developments in the altcoin market can now lead to major price fluctuations. The sudden rise experienced by PEPE Coin best summarizes this situation.
Behind this rapid increase in the price of PEPE Coin, there are rumors that it will be listed on the popular trading platform Robinhood. Robinhood is a platform that usually takes a very selective approach in cryptocurrency listings. Therefore, the fact that PEPE Coin was included here created great excitement among investors and caused the price to increase rapidly.
In addition, positive developments in the cryptocurrency market after Donald Trump was elected as the US president also increased the interest in PEPE Coin. These developments strengthened investors' confidence in PEPE Coin and contributed to the general market mood becoming optimistic. With the combination of all these factors, the price of PEPE Coin gained 20 percent in the last 24 hours.
However, it should be noted that sudden price increases can often trigger profit taking. The rise is expected to continue if Robinhood makes an official statement, but a major drop in Bitcoin could negatively affect PEPE Coin’s uptrend.
PEPE Coin’s next target stands out as the $0.00001720 peak it reached recently. Considering the current market conditions, it is thought that this level will not be difficult to overcome; as PEPE Coin has gained over 100 percent in the last 8 days.
PEPE Coin could attract more attention and have serious effects on the price, especially if it is listed on major trading platforms. Investors should follow such developments carefully and be prepared for market fluctuations.