Today the price of #Pepe has increased by 6%
Today, Coin** stated that its worldwide and advanced exchanges would introduce #PEPE perpetual futures, which caused the Pepe price to spike by 6%, reaching $0.000006859.
After this change, the meme token is up 33% for the week, down 7.5% for the previous 30 days, and up an astounding 2,000% for the past year.
$PEPE is still a popular vehicle for large-scale traders to make quick gains, and Coin** increasing support for it should help it expand on this success.
The Pepe price may see another upward movement in the near future as the market is expected to become more optimistic later this year.
At the moment, PEPE indicators are heading in a positive direction, suggesting that the coin may see more gains before losing momentum in the near future.
The 30-day average (orange) is continuing climbing and just created a golden cross with the 200-day average (blue), indicating that purchasing pressure is significant.
The relative strength index (purple) for PEPE is also looking well; it briefly dropped this morning but is again back up around 70.
The fact that the coin's 24-hour trading volume increased to $1 billion today from $360 million only a few days earlier is an encouraging trend.
This exemplifies how investors are flooding into the meme currency, with the announcement that C** would launch PEPE perpetual futures on its advanced and international platforms serving as the impetus.
The expansion of PEPE's market and the subsequent growth in demand for the token are the primary reasons why this is optimistic.
Looking at the bigger picture, it shows that PEPE is still a coin with room to develop, and that more exchanges may add PEPE futures soon.
Also, it's worth talking about how the market is going to become crazy in the second half of the year, when the Fed finally lays out its much-anticipated rate reduction and the world economy starts to look better.
There will be a surge in demand for speculative assets like PEPE as a result, and by summer's end, its price is expected to hit $0.00001.
