Frog

JUST

Pepe

Shiba Inu

Coin

<p>The popular<a href="https://captainaltcoin.com/pepe-price-prediction/" target="_blank" rel="noopener noreferrer nofollow"> meme cryptocurrency PEPE </a>has seen a massive surge in price over the past week, rallying an impressive 50% and pushing its market capitalization to around $3.2 billion. As of today, PEPE is trading at approximately $0.0000077 per token after hitting an all-time high of around $0.00001 back in mid-March.</p>
<p>This latest bull run for the Pepe-inspired meme coin appears to be driven primarily by a major announcement from leading <a href="https://captainaltcoin.com/coinbase-review/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency exchange Coinbase</a>. Today, Coinbase revealed that it will be launching a PEPE perpetual futures market, providing traders with the ability to take leveraged positions on the volatile asset.</p>
<p>The new “1000PEPE-PERP” perpetual futures contract is set to go live on Coinbase’s professional trading platform at 9:30 am UTC. Alongside the standard exchange, the futures product will also be made available on Coinbase Advanced, catering to more experienced and active traders seeking advanced market instruments.</p>
<blockquote class="twitter-tweet">
 <p lang="en" dir="ltr">JUST IN: Coinbase launches <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$PEPE</a> perpetual futures.</p>— Watcher.Guru (@WatcherGuru) <a href="https://twitter.com/WatcherGuru/status/1782761610886430823?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">April 23, 2024</a>
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<h2 class="wp-block-heading" id="why-coinbase-listing-pepe-perpetuals-is-so-bullish">Why Coinbase Listing PEPE Perpetuals Is So Bullish</h2>
<p>The listing of PEPE perpetual futures on a major exchange like Coinbase is an incredibly significant development for the <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">meme</a> coin project. It represents a couple of key milestones that could act as major catalysts for further price appreciation.</p>
<p>First and foremost, the launch of PEPE futures provides the asset with greatly enhanced liquidity and trading volume. Perpetual futures contracts allow traders to take highly leveraged positions without needing to worry about funding rates or contract expiries. This makes them exceptionally popular instruments, especially for speculative assets like PEPE.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="375" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-1060-1024x375.png" alt="" class="wp-image-479820" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-1060-1024x375.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1060-300x110.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1060-767x281.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1060-1536x563.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1060-2048x751.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1060-409x150.png 409w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1060-100x37.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1060-955x350.png 955w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1060-788x288.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1060.png 1506w" sizes="(max-width: 1024px) 100vw, 1024px">
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  Source: <a href="https://coinmarketcap.com/currencies/pepe/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap/PEPE</a>
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<p>With its listing on Coinbase, PEPE now has exposure to one of the deepest and most liquid order books in crypto. This improved liquidity and the ability for traders to open leveraged positions is a perfect recipe for increased volatility – something meme coin traders thrive on.</p>
<p>Additionally, Coinbase listing any asset acts as a major stamp of legitimacy and approval from one of the most reputable and regulatory-compliant exchanges in the industry. For a meme coin like PEPE that has often been viewed as a risky, speculative asset, having Coinbase’s backing could go a long way in attracting more mainstream investment.</p>
<p>After all, exchanges like Coinbase have incredibly robust due diligence processes that assess factors like security, regulatory compliance, and developer activity before listing new assets. While PEPE may have started as a joke, its listing on Coinbase signals that it has clearly evolved into a relatively mature and sustainable project in the eyes of one of the industry’s gatekeepers.</p>
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   Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
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    <p>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>NuggetRush</strong></a> today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
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<h2 class="wp-block-heading" id="pepe-outperforming-other-leading-meme-coins">PEPE Outperforming Other Leading Meme Coins</h2>
<p>In addition to today’s Coinbase futures listing announcement, PEPE has also benefited from a broader resurgence in meme coin trading over the past week. During this period, PEPE has outperformed many of the other leading meme cryptocurrency projects.</p>
<p>For example, while PEPE is up around 50% over the past seven days, meme coin rivalry BONK has “only” rallied 37%. The industry’s original meme coin Dogecoin has seen relatively muted gains of just 6%, while even <a class="wpil_keyword_link" href="https://captainaltcoin.com/shiba-inu-price-prediction/" title="Shiba Inu" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu</a> – arguably PEPE’s closest competition in the dog meme coin space – has underperformed with a 22% weekly increase.</p>
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="540" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-1061-1024x540.png" alt="" class="wp-image-479828" style="width: 100%;height:auto" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-1061-1024x540.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1061-300x158.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1061-767x405.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1061-1536x811.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1061-2048x1081.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1061-284x150.png 284w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1061-100x53.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1061-663x350.png 663w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1061-788x415.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1061.png 667w" sizes="(max-width: 1024px) 100vw, 1024px">
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  Source: <a href="https://coinmarketcap.com/view/memes/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap/memes</a>
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<p>This outperformance of PEPE compared to its peers could be indicative of the project’s growing clout and cultural relevance. It’s worth noting that PEPE has successfully leveraged the brand power and dedicated community cultivated by the ubiquitous Pepe the Frog meme, along with an extensive array of character non-fungible tokens (NFTs).</p>
<p>With meme coins once again capturing crypto traders’ attention and Coinbase providing PEPE with key foundations like improved liquidity and legitimacy, all the pieces may be in place for a substantial continuation of this latest meme coin frenzy.</p>
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<p>The post <a href="https://captainaltcoin.com/why-is-meme-coin-pepe-price-up-50-this-week/" rel="noopener noreferrer nofollow">Why is Meme Coin PEPE Price Up 50% This Week?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why is Meme Coin PEPE Price Up 50% This Week?

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