Pepe Coin has surged by 70% in price, becoming a standout performer in the crypto market especially within the meme coin sector.
A spectacular 70% increase in the price of PEPE has brought Pepe Coin to the forefront of the cryptocurrency industry. On March 4, it stood out as one of the top-performing assets overall.
Binance Listing Sparks Pepe Coin Frenzy
At this time, the cryptocurrency market is experiencing a more positive sentiment, especially within the meme coin sector, which has received an additional boost from Binance’s recent announcement.
Pepe Coin has rocketed to unprecedented heights as a result of the exchange’s intention to extend support for the cryptocurrency through the introduction of additional trading pairs, which has sparked investor excitement.
Binance’s announcement of new trading pairs on its platform has significantly contributed to the recent increase in the price of Pepe Coin.
A press statement by Binance revealed that the cryptocurrency exchange intends to introduce several trading pairs, one of which is PEPE/FDUSD.
This is part of Binance’s continued efforts to improve the trading experience for its users and to expand the range of available assets. At the same time, Binance will also support other cryptocurrencies, such as OM/TRY, PIXEL/USDC, STRK/USDC, THETA/TRY, and UNI/FDUSD spot trading pairs.
This will take place at 2024-03-05 08:00 (UTC). Binance’s move to promote Pepe Coin by providing additional trading pairs has reinforced investor confidence and inspired a renewed interest in the cryptocurrency based on memes.
In addition, the move demonstrates that Binance has acknowledged the potential of Pepe Coin. However, it also paves the way for additional channels for traders to become familiar with and interact with the digital currency.
The spike in the value following the announcement of its listing on Binance highlights the impact of exchange support on increasing cryptocurrency prices and fostering their widespread adoption.
Binance, one of the world’s most prominent cryptocurrency exchanges, has endorsed Pepe Coin, which lends credibility to the cryptocurrency and strengthens its position within the cryptocurrency market.
The news released by Binance not only propelled the coin to new heights but also ignited positive momentum for other cryptocurrencies listed alongside it.
Cryptocurrencies such as Mantra (OM), Pixels (PIXEL), and Uniswap (UNI) also experienced significant rallies, showcasing the broader impact of exchange listings on market sentiment.
With an eye toward the future, investors are paying close attention to the market dynamics around it and its success in the aftermath of its debut on Binance.
Although the meme coin industry is gaining momentum and exchange support is playing a vital role in driving price movement, the future trajectory of Pepe Coin is still contingent on continuing investor interest, market trends, and regulatory developments.
During this time, the price of Pepe Coin had increased by 68.29% and was trading at $0.000006718. Additionally, the volume of Pepe Coin transactions had skyrocketed by 149.35%, reaching $3.27 billion.
In particular, over the past seven days, the price of PEPE has increased by more than 415%, with a monthly increase of around 700%.