At the time of this writing, PEPE Coin has experienced a double-digit increase in price, and the fluctuations continue. Previously, we discussed how positive news related to altcoins could produce substantial impacts on prices.
Reasons Behind PEPE Coin’s Surge
Reports indicating that PEPE Coin has been listed on the Robinhood application have led to a swift rise in its price. Robinhood rarely lists new coins, making this move a significant support for PEPE Coin. Furthermore, the recent election of Trump has fostered increased optimism regarding PEPE Coin this season.
While the surge triggered by the news of the listing brought about a 20% gain, it is essential to remember that quick profits might also lead to profit-taking. If Robinhood issues an official announcement, the rise could continue, and as long as Bitcoin $96,515 does not experience a significant sell-off, PEPE Coin is expected to maintain its strong position despite any minor pullbacks.
The target for PEPE Coin is the $0.00001720 all-time high region, and surpassing this level seems achievable under current conditions. The eight-day gain has exceeded 100%.