Pepe Price Prediction As Coinbase Futures Will List The Top Meme Coin Today
The Pepe price has jumped by 6% today, having risen to $0.000006859 after Coinbase announced it will launch PEPE perpetual futures on its international and advanced exchanges.
This move puts the meme token up by 33% in the past week, and while it’s actually down by 7.5% in the last 30 days, it remains up by an impressive 2,000% in the past year.
Coinbase’s growing support for PEPE should help it continue to build on such progress, with the meme coin remaining a popular vehicle for big short-term profits among larger traders.
And with the market looking to become more bullish later in the year, the Pepe price could see further positive action soon.
PEPE’s indicators are currently in a bullish position, pointing to further gains before the coin runs out of short-term steam.
Its 30-day average (orange) formed a golden cross with the 200-day (blue) a couple of days ago and is still rising, signalling that buying pressure remains high.
Similarly, PEPE’s relative strength index (purple) is also in a promising position, rising back towards 70 after a brief dip earlier this morning.
One particularly encouraging development is the coin’s 24-hour trading volume has risen to $1 billion today, up from only $360 million a couple of days ago.
This highlights how buyers are rushing into the meme coin, with the catalyst for this being the aforementioned news that Coinbase is finally rolling out PEPE perpetual futures on its international and advanced exchanges.
@CoinbaseIntExch will add support for Pepe perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our 1000PEPE-PERP market will begin on or after 9:30am UTC on 23 APR 2024.
— Coinbase International Exchange
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