PEPE Memecoin, Already Up 94% in a Week, Gets Further Boost From Coinbase Listing

A well-liked frog-themed meme asset that has surged 94% over the last week is seeing one other leg up after gaining help from high US-based crypto change platform Coinbase.

In a brand new announcement, Coinbase says that buyers can now purchase, promote, commerce, retailer and convert the favored memecoin Pepe (PEPE).

“Pepe is now reside on [coinbase.com] within the Coinbase iOS and Android apps. Coinbase prospects can log in to purchase, promote, convert, ship, obtain or retailer these property.”

Information of the itemizing despatched PEPE’s value flying from its November 14th low of $0.00001909 to a peak of $0.00002222 the next day, a achieve of 16%. The rise in value continues a development that has seen PEPE skyrocket in value after the presidential election earlier this month.

The day earlier than the election, Pepe was valued at simply $0.00000849. Nonetheless, the meme asset rallied to a peak of $0.00002438 on November thirteenth, a staggering achieve of 94%. PEPE has since stabilized and is buying and selling for $0.00002147 at time of writing, a 6% dip over the last 24 hours.

Earlier this week, retail buying and selling big Robinhood introduced that it could be including extra altcoins – together with PEPE – to its rising suite of tokens. Different crypto property added embody Cardano (ADA) and XRP.

As said by Johann Kerbrat, vp and common supervisor of Robinhood Crypto, on the time,

“We’ve persistently heard from our prospects that they need entry to extra digital property, and we’re excited to proceed increasing our crypto providing. With decrease limitations to entry, we consider crypto presents a chance for many who have been traditionally left behind by the standard monetary system.”

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