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Pepe Rockets 60% as Meme Coin Mania Gains Momentum

by SB Crypto Guru News
November 15, 2024
in Altcoin
Reading Time: 2 mins read
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In a dramatic turn of events, $PEPE has taken the crypto world by storm, skyrocketing over 60% within hours of its surprise listing on major US exchanges. Both Robinhood and Coinbase added the meme coin to their platforms, signaling a new era for meme coin enthusiasts and traders alike.

This marks the first time since 2021 that Coinbase has listed a prominent meme coin, underscoring a shifting landscape in the crypto market. Following the news, $PEPE surged to an all-time high of $0.00002203, with trading volume exceeding $12 billion.

The Meme Coin Supercycle Is Here

The addition of $PEPE to Robinhood and Coinbase is being hailed as a significant milestone in what analysts are calling the “meme coin supercycle.” With increased accessibility on mainstream platforms, the potential for $PEPE and other meme coins is enormous.

Prominent analyst Giba Machado aptly captured the sentiment, tweeting: “RAISE ALL your targets.”

Notably, this surge comes on the heels of Donald Trump’s victory in the US presidential election, which has bolstered optimism within the crypto sector. Trump has expressed intentions to remove SEC Chair Gary Gensler, a move widely supported by the crypto community. Such regulatory changes could pave the way for broader token listings and potentially drop ongoing lawsuits against major exchanges like Coinbase and Robinhood.

Alongside $PEPE, Robinhood also added $SOL, $XRP, and $ADA, further cementing its position in the rapidly growing crypto trading space.

Pepe Unchained: A New Player in the Meme Coin Market

As $PEPE breaks records, another Pepe-themed project is gearing up for its moment in the spotlight. Pepe Unchained, a new Ethereum Layer-2 network, is nearing the end of a highly successful ICO. The presale has already raised $28 million, and with only 30 days remaining, excitement is at an all-time high.

Pepe Unchained aims to revolutionize meme coin development and trading by offering lower transaction fees and faster speeds. Its native token, $PEPU, plays a critical role in the network, powering transactions and rewarding early investors with up to 87% APY for staking.

Given the loosening restrictions on token listings at major exchanges, Pepe Unchained could soon debut on Tier-1 platforms. Analysts are urging investors to act quickly before the presale closes.

The Future of Meme Coins

The surge in $PEPE and the rise of Pepe Unchained underscore the growing influence of decentralized communities in shaping the crypto landscape. As meme coins gain traction on mainstream platforms, the potential for these “joke” projects to deliver real value becomes increasingly evident.

With the stage set for a meme coin supercycle, projects like $PEPE and Pepe Unchained are poised to lead the charge. Investors looking to capitalize on this momentum should keep a close eye on these developments.



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Tags: Bitcoin NewsCoinCrypto NewsCrypto UpdatesGainsLatest News on CryptoManiaMemeMomentumPepeRocketsSB Crypto Guru News
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