4 Possible Reasons Behind PEPE’s 50% Surge to New All-Time High

TL:DR;

• The third-largest meme coin has exploded by 50% previously 24 hours and over 100% on a weekly scale.
• The asset was listed on just a few international exchanges these days, which may very well be among the many causes of the huge rally and the brand new all-time excessive.

Trade Listings

It does really feel like a bull market now, particularly for some extra unstable cryptocurrencies, like meme cash. After the current rallies by DOGE and SHIB, now’s the time for the third-largest of the cohort – PEPE. The frog-inspired meme skyrocketed by 52% previously 24 hours and blasted by means of its earlier all-time excessive. As such, it marked a contemporary peak of $0.00002.

Maybe the 2 most evident causes come from Robinhood and Coinbase. The previous said it’s going to begin providing buying and selling providers with the meme coin, in addition to SOL, XRP, and ADA.

Nearly on the identical time, Coinbase’s Chief Authorized Officer – Paul Grewal – indicated that the most important US-based change will observe the identical path when it comes all the way down to PEPE. Furthermore, Grewal confirmed the speculations that PEPE might be listed as quickly as at this time.

You’ve lengthy wished the frog. Effectively, quickly you’ll get the frog. @coinbase is including PEPE to our itemizing roadmap with the purpose of itemizing later at this time. Thanks on your endurance.

— paulgrewal.eth (@iampaulgrewal) November 13, 2024

Market Surge

The opposite two doable causes are principally associated to your complete cryptocurrency panorama and usually are not so PEPE-centered. In spite of everything, your complete market has turned inexperienced at this time, with bitcoin exploding above $90,000 to register yet one more all-time excessive of over $93,000.

Many altcoins have adopted go well with, whereas the meme cash have taken the principle stage as soon as once more, which is definitely the fourth doable cause. The vast majority of these throughout the prime 100 alts are up by double digits, together with DOGE, WIF, BONK, FLOKI, POPCAT, and BRETT. One, PNUT, has skyrocketed by triple digits, however that’s a different story.

Consequently, it appears as if traders have turned to the ever-volatile meme coin area of interest throughout these bullish instances for the promise of fast beneficial properties. Nonetheless, please be suggested that these tokens can go down simply as rapidly as they will surge, so traders needs to be cautious earlier than investing in them.