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The Pepe price has hit a new all-time high of $0.00001979, following its highly-anticipated Coinbase and Robinhood listings.
The PEPE market capitalization soared by over 50% today on Wednesday, surpassing the $8.2 billion mark before a marginal pullback.
The listings have added to the ongoing bull market euphoria, with experts now calling on investors to raise their meme coin price targets.
Lower-cap frog meme coins are mirroring PEPE’s bullish strength. For instance, Apu Apustaja is up by 24% while presale token Pepe Unchained has surged past the $28 million mark behind large whale investments.
How High Can The Pepe Price Go After Coinbase, Robinhood Listings?
Pepe is now one of the rare few meme coins listed on the big two crypto exchanges - Binance and Coinbase.
The Coinbase listing was so highly anticipated that Chief Legal Officer Paul Grewal personally announced it to users on X.
You've long wanted the frog. Well, soon you'll get the frog. @coinbase is adding PEPE to our listing roadmap with the goal of listing later today. Thanks for your patience.
— paulgrewal.eth (@iampaulgrewal) November 13, 2024
However, with over 24 million TradFi investors, Robinhood’s Pepe listing could be an even bigger milestone than the meme coin’s Coinbase debut. Robinhood has also listed Solana, XRP and Cardano, cryptocurrencies which it had de-listed previously during the crypto bear market.
Good morning. I’d just say morning, but we offer $SOL, $PEPE, $XRP, and $ADA now.
— Robinhood (@RobinhoodApp) November 13, 2024
Prominent crypto traders were already highly bullish on the Pepe coin. However, the meme coin’s recent listings are certainly forcing them to push their price targets higher. There is now a growing consensus that the PEPE market capitalization could surpass the $50 billion mark in this meme coin supercycle.
$PEPENo one is ready for what comes next 📈One of my highest conviction plays this cycle.$50B mcap minimum = 10x from here. pic.twitter.com/Uw7EAmtivA
— Guru.Asymmetry (@Asymmetry_Fi) November 13, 2024
As such, the meme coin sector is receiving a major boost from Bitcoin. After a nothing-burger Consumer Price Index data on Wednesday, the Bitcoin price has hit the $93,000 mark for the first time in its history.
The largest cryptocurrency is now less than 8% away from the highly-anticipated $100k mark. Meanwhile, the Dogecoin price is continuing its ascent towards the $1 mark, a decidedly bullish scenario for the meme coin market.
Furthermore, there is now intense speculation about whether Coinbase and Robinhood could join Binance in its meme coin listing spree.
wallahi coinbase & robinhood bouta list every meme now
— Ansem 🐂🀄️ (@blknoiz06) November 13, 2024
It is therefore no surprise that prominent crypto influencers believe that the meme coin supercycle is still in its starting phases and could see multiple tokens hit the $100 billion mark.
Whales Stack Pepe Unchained - Best Meme Coin To Buy Now?
As previously stated, low-cap frog meme coins are mirroring Pepe’s bullish strength, with Apu Apustaja up by 24% today.
Similarly, whales are stacking Pepe Unchained (PEPU), a microcap meme coin that is still in its presale phase. For instance, a whale added nearly $50k worth of the meme coin to his existing PEPU holdings, which is now valued at over $320k.
This comes after Pepe Unchained announced the end date of its highly successful presale phase, December 4th, after having already raised over $28 million.
The new meme coin has appealed to retailers and whales alike, owing to its in-demand utilities and strong fundamentals. It is rare for any meme coin project to have its own Layer-2 chain, meme coin launchpad and native staking platform.
Soon, PEPU holders will be able to benefit from extremely low trading costs, instant transactions, attractive staking rewards and early investments in new meme coins.
It is therefore no surprise that Pepe Unchained is in such high demand, with many calling it the next 100x crypto. Meme coins with much less value have offered much higher returns during the ongoing bull market euphoria.
With Pepe now poised to hit the $50 billion mark, low-cap frog coins will have the spotlight on them, providing the ideal backdrop for a PEPU mega-rally following its launch.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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