{"id":290317,"date":"2024-04-26T14:02:12","date_gmt":"2024-04-26T08:32:12","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=290317"},"modified":"2024-04-26T14:02:12","modified_gmt":"2024-04-26T08:32:12","slug":"5-reasons-to-buy-hold-pepe-coin-right-now-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/5-reasons-to-buy-hold-pepe-coin-right-now-crypto-news\/","title":{"rendered":"5 Reasons To Buy & Hold Pepe Coin Right Now – Crypto News"},"content":{"rendered":"

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Pepe Coin (PEPE), one of the most renowned meme cryptocurrencies, has recently garnered noteworthy attention among crypto market traders and investors globally as its price surged phenomenally over the past few days. This price rally has in turn sparked speculations over the frog-based meme token\u2019s price<\/a> trajectory ahead, with crypto market enthusiasts expecting the token to potentially target a new ATH soon.<\/span><\/p>\n

Here are some of the top reasons why now could be the best time for crypto traders and investors to buy PEPE.<\/span><\/p>\n

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Coinbase Expands Support For PEPE<\/span><\/h2>\n

Notably, Coinbase, one of the leading CEXs worldwide, recently commenced Pepe perpetual futures contracts trading<\/a> on its platform, expanding the support offered to the meme token. This perpetual listing event appears to have brought about a remarkable rising price action in PEPE, enabling participants outside the United States to leverage trading the asset.\u00a0<\/span><\/p>\n

Staging as optimistic news for PEPE, this listing event was followed by nearly 50% gains noted by the token. <\/span>Meanwhile, it\u2019s also worth noting that Coinbase initially planned to commence perpetual trading for the token as of April 11. However, the listing was postponed due to technical hurdles until it was unveiled on April 23.<\/span><\/p>\n

PEPE Accumulation by Whales & Market Maker Burgeons<\/span><\/h2>\n

Additionally, blockchain data surfacing over the crypto horizon spotlighted PEPE accumulations by whales and a market maker on the rise. Amber Group, a market maker, accumulated a staggering 110 billion PEPE from Binance today, April 25. Moreover, a recent analysis by CoinGape Media further highlighted a 211.6 billion PEPE accumulation<\/a> by a whale, pouring a flurry of market optimism to the token.<\/span><\/p>\n

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This phenomenon, showcasing colossal accumulations surrounding the frog-based meme coin, projects a ray of optimism into Pepe coin\u2019s future, underscoring increased confidence in the asset\u2019s cryptographic journey.<\/span><\/p>\n

Derivatives Data Underlines Market Uptrend<\/span><\/h2>\n

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Further, Coinglass\u2019 data garnered substantial investor optimism today, reinforcing a strong market uptrend for the meme coin.\u00a0<\/span><\/p>\n

PEPE\u2019s open interest<\/a> surged 4.28%, whereas its derivatives volume spiked 9.66%, portraying a bullish mindset of investors. Aligning with this, substantial new money entered the market as open interest rested at $75.42 million, whereas the derivatives volume stood at $1.13 billion.<\/span><\/p>\n

Pepe Coin Gains Nearly 45% Over The Past Week<\/span><\/h2>\n

Meanwhile, the frog-based meme token\u2019s weekly charts illustrated a whopping 43.98% surge over the past week. Further underscoring a constant increase in buying pressure within the market, Pepe reflected signs of a bull run with its abovementioned surge in the past seven days. This adds a layer of market optimism to the meme token, flagging Pepe coin\u2019s immense potential to offer investors significant gains.<\/span><\/p>\n

Also read: Crypto Prices Today April 26: Bitcoin At 64K, ETH Drops, Wormhole & Bonk Rally<\/a><\/strong><\/p>\n

PEPE Price Jumps<\/span><\/h2>\n

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Meanwhile, as of writing, PEPE\u2019s price<\/a> traded at $0.000007419, up 1.07% in the last 24 hours. Its 24-hour lows and highs are $0.000007079 and $0.000008056, respectively.\u00a0<\/span><\/p>\n

Moreover, the token\u2019s 24-hour trading volume spiked 4.80%, reaching $1.2 billion, whereas the market cap jumped 1.05%, resting at $3.11 billion. Collectively, this phenomenon has further ignited bullishness on Pepe Coin, as a post-BTC halving rally has yet to be witnessed in the market. Pepe Coin<\/a> is among the most renowned meme coins that are expected to witness a rally mirroring BTC\u2019s parabolic uptrend post-halving.<\/span><\/p>\n

Also Read: Multiple Bitcoin ETFs Report Net Outflows, GBTC OutFlows Cross $17 Billion<\/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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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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Pepe Coin (PEPE), one of the most renowned meme cryptocurrencies, has recently garnered noteworthy attention among crypto market traders and investors globally as its price surged phenomenally over the past few days. This price rally has in turn sparked speculations over the frog-based meme token\u2019s price trajectory ahead, with crypto market enthusiasts expecting the token […]<\/p>\n","protected":false},"author":2,"featured_media":285721,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-290317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/290317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=290317"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/290317\/revisions"}],"predecessor-version":[{"id":290319,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/290317\/revisions\/290319"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/285721"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=290317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=290317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=290317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}