The popular frog-themed meme token PEPE has gained attention by increasing by 94% over the past week. The support from Coinbase, a leading cryptocurrency exchange based in the United States, continues to bolster the value of PEPE.
Coinbase Listing
Coinbase’s recent announcement indicated that users can buy, sell, swap, store, and convert PEPE. This listing has made PEPE accessible to a broader investor audience.
The listing news positively impacted PEPE’s price, raising it by 16% from a low on November 14. This increase reflects the upward trend in the market ahead of the presidential elections.
Robinhood’s Cryptocurrency Expansion
Robinhood announced this week that it will add more altcoins, including PEPE, to its offerings. Other cryptocurrencies like Cardano (ADA) $0.74795 and XRP are also expected to be included in their portfolio.
Johann Kerbrat, Vice President and General Manager of Robinhood Crypto, stated, “We have received requests from our customers for more access to digital assets and are excited to continue expanding our crypto offerings.”
Currently, PEPE is trading at $0.00002147, having experienced a 6% decrease in the last 24 hours. This fluctuation is considered indicative of the volatility in the memecoin market.
The support from major exchanges like Coinbase and Robinhood could heighten interest in meme coins, potentially positively influencing the future performance of these assets. Market participants note that exchange listings are significant for activity within the cryptocurrency market.