The Pepe price has increased by 6% following the announcement by Coinbase that it will launch PEPE perpetual futures on its international and advanced exchanges. This move has caused the meme token to rise by 33% in the past week and remain up by 2,000% in the last year. The growing support from Coinbase should help PEPE continue to see positive progress, especially with the market looking to become more bullish later in the year. PEPE’s indicators are currently bullish, with its trading volumes increasing significantly in the past few days, indicating a high level of buying pressure.
The announcement by Coinbase to list PEPE perpetual futures on its exchanges is seen as a bullish development for the coin. This move will expand PEPE’s market and increase demand for the token. It also highlights how PEPE has the potential for further growth, with other exchanges possibly following suit and introducing futures for the token. As the market is expected to heat up in the latter half of the year, with the Federal Reserve introducing rate cuts and the global economy improving, demand for speculative assets like PEPE is likely to increase, leading to a potential price target of $0.00001 by the end of the summer.
In addition to PEPE, there are other meme tokens in the market with big potential for outsized gains. One such token is Dogeverse (DOGEVERSE), a multi-chain meme token that has raised over $9.2 million in its presale. DOGEVERSE will launch on Ethereum and then bridge to multiple other blockchains, making it the first Doge-themed multi-chain coin in the market. With a hard cap of 200 million tokens and the ability to stake, DOGEVERSE could experience a supply squeeze that could boost its price over time. Latecomers can still participate in the presale by visiting the official Dogeverse website and purchasing DOGEVERSE at a cost of $0.000301.
Overall, PEPE and other meme tokens like DOGEVERSE continue to attract attention in the market due to their potential for significant gains. With the support of platforms like Coinbase and the overall bullish market sentiment expected in the coming months, meme tokens could see further positive price action. Investors should be cautious as crypto assets are high-risk and it is important to conduct thorough research and due diligence before investing in any tokens. This article is provided for informational purposes and does not constitute investment advice. Trading in crypto assets carries the risk of losing all invested capital.
