Pepe Price Poised For 50% Spike Soon : Here’s Why

The post Pepe Price Poised For 50% Spike Soon : Here’s Why appeared first on Coinpedia Fintech News

The long-awaited fourth Bitcoin (BTC) halving, which ushers in the parabolic rally of the crypto bull cycle, will happen next weekend. On-chain data shows more investors are entering the cryptocurrency industry led by Bitcoin which achieved over 370k new non-zero addresses in the past week. 

As a result, it is safe to assume the meme coin season is around the corner led by dog-themed coins, frog-themed, cat-themed, and Solana-based mems.

Pepe Networks Thrives

After an initial glitch between the Pepe developers that affected the meme coin’s liquidity, the Pepe (PEPE) network has continued to grow in recent months. According to the latest market data, Pepe has a fully diluted valuation of around $3 billion and a daily traded volume of about $712 million. 

With more than 200k non-zero holders, the Pepe network has attracted the attention of major cryptocurrency exchanges led by Binance and Coinbase Global. On Thursday, Coinbase International announced that it will add support for Pepe perpetual futures dubbed 1000PEPE-PERP by April 18, 2024.

@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 18 APR 2024. pic.twitter.com/DKu8YPGRYB

— Coinbase International Exchange