The Pepe price has jumped by 6% today, having risen to $0.000006859 after Coinbase announced it will launch PEPE perpetual futures on its international and advanced exchanges.
This move puts the meme token up by 33% in the past week, and while it’s actually down by 7.5% in the last 30 days, it remains up by an impressive 2,000% in the past year.
Coinbase’s growing support for PEPE should help it continue to build on such progress, with the meme coin remaining a popular vehicle for big short-term profits among larger traders.
And with the market looking to become more bullish later in the year, the Pepe price could see further positive action soon.
Pepe Price Prediction As Coinbase Futures Will List The Top Meme Coin Today
PEPE’s indicators are currently in a bullish position, pointing to further gains before the coin runs out of short-term steam.
Its 30-day average (orange) formed a golden cross with the 200-day (blue) a couple of days ago and is still rising, signalling that buying pressure remains high.
Source: TradingView
Similarly, PEPE’s relative strength index (purple) is also in a promising position, rising back towards 70 after a brief dip earlier this morning.
One particularly encouraging development is the coin’s 24-hour trading volume has risen to $1 billion today, up from only $360 million a couple of days ago.
This highlights how buyers are rushing into the meme coin, with the catalyst for this being the aforementioned news that Coinbase is finally rolling out PEPE perpetual futures on its international and advanced exchanges.
@CoinbaseIntExch will add support for Pepe perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our 1000PEPE-PERP market will begin on or after 9:30am UTC on 23 APR 2024.
— Coinbase International Exchange (@CoinbaseIntExch) April 22, 2024
This is bullish for a couple of reasons, with the first being that it will expand PEPE’s market and increase demand for the token.
And more broadly, it highlights how PEPE remains a token with the potential to grow further, with other exchanges possibly introducing futures for the token in the not-too distant future.
It’s also worth discussing how the market is likely to heat up in the latter half of the year, as the Federal Reserve introduces its hotly anticipated rate cuts, and as the wider global economy improves.
This will heighten demand for speculative assets such as PEPE, with the Pepe price likely to reach $0.00001 by the end of the summer.
Other Meme Tokens With Big Potential
PEPE continues to secure its position as one of the best meme coins in the market, but there are also several newer coins that traders may like to check out if they want to expose themselves to potential outsized gains.
A very good example of this is Dogeverse (DOGEVERSE), a multi-chain meme token that has raised over $9.2 million in its increasingly popular presale.
What a fantastic way to kick off the week! #DOGEVERSE hits over $9.2 million!
This also signals that we’ve exceeded the Soft Cap! #Cosmo extends its gratitude to everyone and is thrilled with our expanding community! pic.twitter.com/fKqidkgTvI
— DogeVerse (@The_DogeVerse) April 22, 2024
As a multi-chain cryptocurrency, DOGEVERSE will launch on Ethereum and then bridge to BNB Chain, Solana, Avalanche and Base.
It bills itself as the first Doge-themed multi-chain coin in the market, with its existence on more than one blockchain meaning that it could witness plenty of demand and usage across many apps.
What’s also bullish about DOGEVERSE is that, in contrast to infinite meme tokens such as Dogecoin, it will have a hard cap of 200 million tokens.
When combined with staking, this cap should help create a supply squeeze, something which could boost DOGEVERSE’s price over time.
Its presale will come to end in a few weeks, although latecomers can still buy DOGEVERSE as part of its sale by going to the official Dogeverse website.
1 DOGEVERSE currently costs $0.000301, although this will continue to rise incrementally with each new stage of the sale.
And then it could rocket once the token lists on exchanges, with its launch coming at a time when demand for new memes tokens remains very high.
The post Pepe Price Prediction As Coinbase Futures Will List The Top Meme Coin Today appeared first on Cryptonews.