Meme coin is perceiving growth after the Bitcoin Halving event. Pepe coin, a popular meme cryptocurrency attracted crypto traders in the market. Pepe captivated the crypto investors due to the increase in the prices of Pepe coin (PEPE). This price rally gave birth to the frog-based meme token. Crypto market experts are expecting that Pepe could target the ATH soon. However, the sudden increment in Pepe prices includes some other factors that grow the Pepe market and will eventually prosper the prices.
Coinbase recently introduced Pepe perpetual futures contracts trading on its platform to expand support for the meme token. This listing has brought a price action in PEPE which has led to a surge in its prices. The token gained almost 50% after this listing event. Meanwhile, it's also worth noting that Coinbase initially planned to begin perpetual trading for the token on April 11. However, the listing was stopped due to technical issues.
Additionally, a whale has recently added Pepe to its holdings. The market maker Amber Group has bought 110 billion PEPE from Binance. Apart from this, another whale has bought 211.6 billion PEPE, under which the token has attracted everyone's attention. Due to whales increasing their holdings of PEPE, there’s speculation in the market that its price may rise significantly in the coming days.
Besides this, the increasing trend in the crypto market towards meme tokens and the increasing buzz in social media can also play an important role in increasing the price of Pepe. The increasing popularity will attract more and more investors to this token. This can play an important role in increasing the price of PEPE.
Pepe’s price sees an increment of approximately 45% within a week. Meanwhile, the weekly chart of the frog-based meme token showed a massive increase of 50.50% over the past week. With the continuous increase in buying pressure in the market, Pepe has shown bullish signs with a surge in the last seven days. The PEPE price was trading at $0.000007758, up 8.17% over the last 24 hours. Furthermore, the token's 24-hour trading volume increased by 4.80% to reach $1.2 billion, while the market cap jumped by 1.05% to $3.11 billion.
These events have further increased the bullishness of Pepe Coin, as the market has not yet seen a post-BTC halving rally. Pepe Coin is one of the most famous meme coins which is expected to see a rally after the Bitcoin halving and it is also expected to reach its new all-time high in this rally.
According to Coin Gabbar, Pepe’s prices will continue to grow in the market because till now in the past 2 weeks, investors obtained 3.3 trillion Pepe tokens with significant investment proposals. This built hope in the market regarding Pepe coins.
Another reason for continuity is predictions by market experts like Davie Satoshi, analyzing the market and offering insights about the new support levels of Pepe. Some technical indicators are also showing Pepe’s growth continuity in the market. A potential bullish momentum is expected in the Pepe price. In summary, Traders must heed Pepe’s price to yield better profits in the Crypto market.
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