Backed by a listing on Robinhood (NASDAQ:CRYPTO) Crypto, Pepe (CRYPTO: PEPE) has reached a new all-time high, up 44% on the day.
What Happened: Robinhood Crypto announced the addition on Wednesday, adding Solana (CRYPTO: SOL), Cardano (CRYPTO: ADA) and XRP (CRYPTO: XRP) to the 19 tradable digital assets on its application.
Robinhood's VP of Crypto, Johann Kerbrat, noted the company is responding to customer demand for more options, emphasizing accessibility and security.
Coinbase (NASDAQ:COIN) announced on its X account that Pepe is now available for transfer on the Ethereum network in regions where trading is supported on Coinbase. Chief Legal Officer Paul Grewal announced PEPE would be listed on Coinbase for trading later on Wednesday.
Also Read: This Popular Meme Coin Is Up 10% And Could Even 'Flip Shiba Inu,' Trader Touts
Why It Matters: PEPE has rallied 44% on the news, trading at $0.00001867 at the time of writing.
The addition of Pepe on two prominent trading platforms has driven enthusiasm among crypto enthusiasts. Crypto trader Degenharambe highlighted Pepe's unique status, being one of the few meme coins to secure these listings.
Trader Posty speculated that Pepe might follow a Dogecoin-like trajectory, while other analysts, like Davie Satoshi, foresee Pepe surpassing its previous highs and potentially going on a "historic tear."
$PEPE
— Posty (@PostyXBT) November 13, 2024
Bidding just in case it pulls a $DOGE like run.
Will add lower if we get that opportunity. pic.twitter.com/ifPbmd2Acy
Crypto Rover echoed this sentiment, anticipating a possible 10x rally.
The $PEPE breakout starts now.
— Crypto Rover (@rovercrc) November 13, 2024
I still think it can easily 10x from here... pic.twitter.com/TjBwkqUa6u
What's Next: The influence of meme coins is expected to be thoroughly explored at Benzinga's upcoming Future of Digital Assets event on Nov. 19.
- Trader Shares 3-Point Strategy To Win With Meme Coins—Here's Where Dogecoin, Shiba Inu Come In
Image: Shutterstock
