‘PEPE Breakout Starts Now’ Says Analyst As Market Cap Shoots $10B Amidst Listing News

Pepe Surges Over 70% Amidst Major Exchange Listings

Pepe's market capitalization has briefly topped $10.2 billion from around $5.7 billion just a day ago, driven by optimism over recent listing announcements by major exchanges like Coinbase and Robinhood. As of writing, its market cap stands at $9.5 billion.

Trading Volume Soars

PEPE's 24-hour trading volume has reached an impressive $14.65 billion, with a market dominance of 0.31%. Remarkably, the meme coin's price has surged by over 77% in the last 24 hours.

Exchange Listings Spark Momentum

Robinhood Crypto announced the listing of Pepe, Solana, Cardano, and XRP for U.S. customers. The move comes as the platform relists previously discontinued cryptocurrencies following regulatory scrutiny. Coinbase also commenced trading support for Pepe on Wednesday, while Upbit joined the list today.

PEPE Outperforms DOGE

PEPE's listing on major exchanges has significantly boosted its visibility and demand. While Dogecoin (DOGE) has recorded $28 billion in trading volume over 24 hours, Pepe's volume reached $24 billion within hours of its listing. In terms of weekly performance, PEPE has outperformed DOGE by roughly 27%.

Analysts Optimistic About Future Potential

Crypto analysts believe that Pepe could follow Dogecoin's trajectory, despite a slow start initially. Daan de Rover of CryptoSea predicts a 900% potential jump. Smiley Capital expects a 5-10x return from current levels, citing Pepe's generational appeal. Daniel Got Hits suggests that Robinhood's listing is particularly influential due to its mainstream reach.

Impressive Growth Rate

PEPE has witnessed significant growth over the past year, rising by an impressive 1,843%. Its sustained performance, surpassing major cryptocurrencies like Bitcoin and Ethereum, indicates strong interest and confidence in the market.