Pepe Coin Surges, Binance Partnership Fuels Growth
Pepe's price has increased by 10% in the past 24 hours, reaching $0.00001276 as of 4 a.m. EST. Trading volume has also surged by 18% to $1.1 billion.
The uptick in value follows a broader rally in the meme coin market. However, Pepe's gain outpaced industry leaders like Dogecoin, Shiba Inu, and FLOKI, which each rose by 3%.
Binance Partnership
One contributing factor may be Pepe's partnership with Binance. The two entities have launched a program that rewards users who send cryptocurrency to friends and family through Binance Pay.
Qualifying users can earn 100M PEPE by sending as little as $0.01. This offer is only available to first-time Binance Pay users and aims to increase user engagement.
Technical Analysis
Pepe's technical indicators also suggest bullish momentum. The token's Bollinger bands are widening, indicating a potential increase in volatility. Additionally, the Relative Strength Index (RSI) has rebounded from oversold territory, currently sitting at 50.91.
While resistance exists at $0.0000130, the token's positive technical indicators suggest it could surge further.
Alternative Investments
For those seeking a more traditional meme coin investment, Pepe Unchained (PEPU) presents a promising alternative. PEPU runs on its own blockchain, providing greater scalability and lower transaction costs.
The project's presale has attracted significant interest, raising over $820k. Crypto experts speculate that PEPU could be the next high-performing meme coin.
Conclusion
Pepe's recent surge and partnership with Binance indicate a promising future for the meme coin. Technical indicators also support a bullish outlook. Investors should monitor the token's performance as it approaches resistance at $0.0000130.