Coinbase Listing Sends PEPE Memecoin Soaring

Coinbase, a prominent cryptocurrency exchange, has recently added support for the frog-themed memecoin known as PEPE. This announcement has sparked a surge in the coin's price, propelling it to new heights.

According to Coinbase, users can now perform various operations with PEPE, including buying, selling, trading, storing, and converting the asset. The listing has been met with enthusiasm, resulting in a significant price increase.

On November 14th, the price of PEPE was at $0.00001909. However, following the Coinbase announcement, the coin surged to a peak of $0.00002222 the next day, representing a 16% gain. This price increase follows a broader trend that has seen PEPE skyrocket after the recent presidential election.

Prior to the election, PEPE was trading at a mere $0.00000849. However, it rallied to a peak of $0.00002438 on November 13th, marking an impressive 94% gain. Since then, PEPE has stabilized, currently trading at $0.00002147, indicating a 6% dip over the past 24 hours.

Coinbase's listing is not the only factor contributing to PEPE's rise. Retail trading platform Robinhood has also announced its intention to add PEPE to its growing portfolio of crypto offerings. Other assets included in this expansion are Cardano (ADA) and XRP.

Johann Kerbrat, Vice President and General Manager of Robinhood Crypto, stated that the platform aims to provide users with access to a wider range of digital assets, offering opportunities for those traditionally excluded from the financial system.

The combination of Coinbase's listing and Robinhood's expansion has created a bullish sentiment for PEPE, propelling the memecoin to new heights. The price action suggests that the asset could continue to gain traction in the coming days and weeks.