PEPE bull in full swing: Critical threshold crossed.

The market value of popular memecoin Pepe (PEPE) has increased by 85 percent in the last 24 hours, reaching $10 billion.

According to CoinMarketCap data, the PEPE price rose by 77 percent to $0.000023. The price increase came as major exchanges listed the pair. Robinhood Crypto announced on November 14 that it had listed #PEPE , $SOL , $ADA , and #XRP for US users.

Coinbase launched $PEPE trading on November 13. South Korea’s largest cryptocurrency exchange Upbit also opened the PEPE trading pair as of today. Upbit, which ranks fifth according to CoinMarketCap data, has traded more than $10 billion in trading volume in the last 24 hours.

Min Jung, an analyst at Presto Research, said that Coinbase and Robinhood’s listing of Pepe is noteworthy. The two exchanges have previously been cautious about memecoins.

The GMCI Meme Index rose 10.2 percent in the last 24 hours to 510.59. Dogecoin fell 1.6 percent, while Shiba Inu gained 0.59 percent.

“As long as #Bitcoin is in a strong uptrend, we think the excitement and rise in memecoins will continue,” said Valentin Fournier, an analyst at BRN.

What are the analysts saying?

Cryptocurrency analyst AlejandroBTC believes the rally is just beginning. The analyst, who predicted a 1053 percent increase for the popular memecoin, set targets at $0.00017064 and $0.000212527. AlejandroBTC, who thinks that the price will rise to much higher levels, has already excited his followers.