The meme coin PEPE coin price surged in response to the announcement that Coinbase International Exchange, the U.S.-based crypto exchange's offshore division catering to institutions, plans to launch a perpetual futures market for the token next week.
How has the PEPE coin price moved recently?
As of today, the price of Pepe Coin stands at $0.0000057462, with a 24-hour trading volume of $689.74 million, a market capitalization of $3.14 billion, and a market dominance of 0.12%. Over the last 24 hours, the PEPE price has increased by 5.60%.
The highest price ever recorded for Pepe Coin was on March 14, 2024, reaching an all-time high of $0.00001076. Conversely, the lowest price occurred on April 14, 2023, hitting an all-time low of $0.00000000001057. Following its all-time high, the lowest price observed was $0.000005911 (cycle low), while the highest price since the last cycle low was $0.000009142 (cycle high). The sentiment for Pepe Coin's price prediction is currently bullish, with the Fear & Greed Index indicating 79 (Extreme Greed).
Pepe Coin's circulating supply presently stands at 420.69 trillion PEPE out of a maximum supply of 420.69 trillion PEPE.
Coinbase to add support for Pepe Coin perpetual futures
According to a recent announcement on an X post, Coinbase International Exchange and Coinbase Advanced will soon list PEPE perpetual futures, with trading set to commence from 9:30 a.m. UTC on April 18.
This development has ignited speculation among traders, who see it as a potential precursor to a spot listing for PEPE, currently the fourth largest memecoin with a market capitalization of $3 billion.
Following the news, PEPE experienced a rapid surge of nearly 10%, although most of these gains were later retraced. As of the latest update, the token is showing a more modest 3% increase over the past 24 hours.
The market's reaction suggests an optimistic outlook towards PEPE's prospects, with potential for further movement leading up to and beyond the listing event.
Will PEPE Coin Price Rise?
Looking at the current situation with PEPE, there are some promising signs that could point towards a rise in its price soon. One positive aspect is that PEPE is trading above its 200-day moving average, which is seen as a good sign in the investment world. This suggests that PEPE's overall trend is looking up and could potentially continue to climb. Another encouraging factor is PEPE's recent track record of positive price movements. Over the last month, PEPE has had 15 "green" days out of 30, meaning it's been gaining ground quite frequently. This consistent positivity indicates growing interest from investors and might keep pushing the price higher.
Additionally, PEPE's market capitalization of $3 billion shows that it's quite popular and has good liquidity, meaning there are enough buyers and sellers to keep trading smooth. This stability can help reduce wild swings in price and make PEPE more attractive to investors. Looking ahead, with the upcoming launch of PEPE perpetual futures on Coinbase, there's a lot of excitement and anticipation in the market. This event could spark even more interest and demand for PEPE, potentially leading to further price increases. Given these positive factors, it seems likely that PEPE's price could see some upward movement in the coming days and weeks.
