Crypto Wiki
July 08, 2024

Pepe ahead of Coinbase listing

The volatility and quick response time of the bitcoin market to news is well-known. Pepe currency has become a prominent participant in the meme currency market, drawing interest from both experts and investors. The recent announcement that Coinbase is considering listing Pepe raises the question, “Will Coinbase list Pepe?” This article of MPost analyzes the various aspects of Pepe Coin, its price movements, and the impact of potential listing.

Will Pepe Be Listed on Coinbase?

The news that Coinbase plans to list perpetual futures for Pepe Coin has had an immediate impact on its market performance. The revelation caused the price of Pepe Coin to jump by about 10%. This kind of response is common in the cryptocurrency industry since speculative buying usually follows news of new listings on large exchanges. But after the initial elation, there came a retreat that showed a wave of profit-taking.

Perpetual futures are a way for traders to make predictions about the price of Pepe tokens without actually holding the tokens; these platforms include Coinbase. The launch of futures frequently sparks rumors about a potential spot listing. Coinbase list of the Pepe Coin could be a precursor to a spot listing, a move that many in the crypto community are eagerly anticipating.

Pepe Coin’s price has fluctuated significantly; in March, it reached a record high before declining due to increased volatility in the cryptocurrency market. After retracing more than 50%, the price movement bounced off the significant 61.8% Pepe Coin has steadily improved recently. The point of intersection of the horizontal and diagonal trend lines, around $0.000006, is expected to provide significant resistance to any upward rise. An increase in value would indicate a break over this mark.

With big currencies like Bitcoin regaining key price levels and the overall market capitalization rising, the larger cryptocurrency industry has been steadily improving. Pepe Coin has outperformed other assets in this setting, exhibiting a notable price gain and a sharp rise in 24-hour trading volume. Analysts see a longer-term uptrend for Pepe Coin, with the formation of possible new support levels near previous resistance levels. A noteworthy forecast indicates that after Pepe Coin breaks $0.0000075, it will have a meteoric rise, maybe fueled by heightened trading activity and conjecture on a spot listing.

Pepe Coin has received positive expectations from cryptocurrency analysts. For example, according to Davie Satoshi, Pepe Coin will break over many resistance levels before entering a “moon” period. Other experts share this belief, speculating that the spot listing on Coinbase’s primary exchange, which makes it available to US and foreign retail investors, might be the reason for the delayed Coinbase listing.

The crypto community has been abuzz with rumors and speculation about the delayed Pepe Coinbase listing. Some believe the delay is strategic, allowing Coinbase to introduce both perpetual futures and spot trading simultaneously. 

Memes in the cryptocurrency space, such as Pepe Coin and the recently launched Slothana, are a distinct market niche. These coins are highly affected by internet trends and community involvement, and they frequently draw a younger, risk-tolerant audience. Memes’ popularity is frequently correlated with their community’s strength and cultural significance, two aspects that standard financial measurements may not always fully account for.

Coinbase’s future listings strategy plays a crucial role in the market dynamics of meme coins. While Pepe’s listing on the exchange is a big step in the right direction, a spot listing on Coinbase’s main platform would really alter the game. The industry remains active, and speculative activity is elevated in anticipation of such a listing.

Coin’s future is dependent on a number of variables, such as market mood, technical analysis, and tactical choices made by significant exchanges such as Coinbase. The potential for a spot listing on Coinbase adds a layer of speculation and excitement to the coin’s future forecast. 

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

He's a seasoned writer known for crafting compelling narratives that engage audiences and drive brand growth. With a keen eye for detail and a passion for storytelling, Kenth excels at turning complex ideas into eye-catching marketing messages.

More articles
Kenth Bennett
Kenth Bennett

He's a seasoned writer known for crafting compelling narratives that engage audiences and drive brand growth. With a keen eye for detail and a passion for storytelling, Kenth excels at turning complex ideas into eye-catching marketing messages.

Hot Stories
Join Our Newsletter.
Latest News

From Ripple to The Big Green DAO: How Cryptocurrency Projects Contribute to Charity

Let's explore initiatives harnessing the potential of digital currencies for charitable causes.

Know More

AlphaFold 3, Med-Gemini, and others: The Way AI Transforms Healthcare in 2024

AI manifests in various ways in healthcare, from uncovering new genetic correlations to empowering robotic surgical systems ...

Know More
Join Our Innovative Tech Community
Read More
Read more
Bonk Cryptocurrency Price Prediction News
Crypto Wiki
Bonk Cryptocurrency Price Prediction News
July 12, 2024
Will Bonk be listed on Binance?
Crypto Wiki
Will Bonk be listed on Binance?
July 12, 2024
Worldcoin beefs up security by open-sourcing biometric data system
Crypto Wiki
Worldcoin beefs up security by open-sourcing biometric data system
July 11, 2024
GameFi studios are booming once again as crypto prices recover
Crypto Wiki
GameFi studios are booming once again as crypto prices recover
July 11, 2024