{"id":288002,"date":"2024-04-23T12:40:48","date_gmt":"2024-04-23T07:10:48","guid":{"rendered":"https:\/\/dripp.zone\/news\/pepe-coin-price-rallies-ahead-coinbase-futures-listing-crypto-news\/"},"modified":"2024-04-23T12:40:53","modified_gmt":"2024-04-23T07:10:53","slug":"pepe-coin-price-rallies-ahead-coinbase-futures-listing-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/pepe-coin-price-rallies-ahead-coinbase-futures-listing-crypto-news\/","title":{"rendered":"Pepe Coin Price Rallies Ahead Coinbase Futures Listing – Crypto News"},"content":{"rendered":"

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Pepe Coin (PEPE), a popular Solana meme coin, rallied nearly 5% today. The surge comes ahead of its perpetual futures listing on the Coinbase International Exchange. Moreover, the PEPE meme coin also witnessed a surge in open interest.<\/p>\n

Coinbase International Exchange To List Pepe Coin Perp<\/h2>\n

The Coinbase International Exchange has announced that the Pepe Coin perpetual futures will be listed on the platform at 9:30 a.m. UTC on Tuesday April 23. However, this launch is a delayed one as it was earlier scheduled for listing on April 18.<\/p>\n

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In the latest update on X, the exchange wrote, \u201c@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.\u201d<\/p>\n

Earlier, when the exchange delayed the Pepe Coin futures listing, the meme crypto registered a loss. While the price decline was triggered by an overall bearish trend, the delayed launch accelerated the slump. However, the crypto community is elated to watch Coinbase embracing Pepe Coin since the two parties were engaged into a controversy earlier.<\/p>\n

The Coinbase exchange has once marked Pepe Coin as a \u201chate symbol.\u201d Nonetheless, the clash cooled down eventually and now the crypto trading avenue is gearing up to introduce the PEPE perpetual futures on its platform.<\/p>\n

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Also Read:\u00a0PEPE Price : How Is Pepe Coin Doing Today ?<\/a><\/strong><\/p>\n

PEPE Price Surge<\/h2>\n

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As of writing, the PEPE crypto price was up by 4.86% to $0.000006836 on Tuesday. Meanwhile, the meme coin held a market capitalization of $2.90 billion. In addition, the 24-hour trade volume for Pepe Coin soared 12.33% to $1 billion.<\/p>\n

Moreover, the PEPE open interest surged 9.35% to $64.59 million, according to Coinglass<\/a>. Whilst, shorts dominated liquidations with $1.15 million liquidated out of the total figure of $2.12 million. These short liquidations could momentarily propel the Pepe Coin price higher due to the sudden buying pressure as shorts seek to minimize losses from the latest rally.<\/p>\n

In recent crypto analysis, Max Schwartzman, founder of Because Bitcoin, has hinted at a Pepe Coin rally to $0.0001. Max emphasized the significance of learning from rejections at key levels, highlighting their importance alongside breakouts. Despite the discomfort associated with pullbacks, Max asserted they are necessary and beneficial for market health.<\/p>\n

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Moreover, he added that PEPE has notably broken out of a multi-month re-accumulation phase, reaching the 1.618 Fibonacci extension level. This development is seen as positive news, as it confirms the validity of the 1.618 Fibonacci extension and implies potential for further gains. In addition, he wrote, \u201c2.618 & 3.618 are also valid & in play.\u201d<\/p>\n

These levels indicate a Pepe Coin price rally $0.0004 first and eventually a surge to $0.0001. Furthermore, he deemed PEPE\u2019s future trajectory as \u201cvery bullish.\u201d He added, \u201cI haven\u2019t sold a single dollar of my bag & I still expect multiples to be accomplished over the next couple quarters.\u201d<\/p>\n

Also Read:\u00a0Coinbase Teases Potential Launch of Smart Wallet<\/a><\/strong><\/p>\n

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article. <\/p>\n<\/p><\/div>\n

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