Gemini Exchange List PEPE coin as Meme-Coin Craze Continues
The fun and friendly Pepe coin (PEPE) has found a new home on the Gemini exchange. This move comes right after Binance, another big-league crypto exchange, welcomed Pepe and Floki (FLOKI) to its Innovation Zone. As meme coins keep stealing the spotlight, many are curious about what lies ahead for Pepe and its meme coin pals.
The Buzz Behind Pepe’s Climb
So, what’s got Pepe leaping to new heights? Binance’s decision to list the coin definitely played a part. This move gave Pepe some street cred and piqued the interest of traders. The froggy digital currency has seen a jaw-dropping 1,500% increase in just two weeks, with its market cap hopping past the one-billion-dollar mark.
Now that Pepe is making a splash on Gemini, we can expect it to keep swimming upstream as more investors and traders dive in.
Why Pepe Took a Dip
Even though Pepe has been riding a wave of success, its value has sunk by more than 40% since reaching an all-time high on May 5th. This drop could be because some investors cashed in on the price surge, or it might signal that the buzz around the coin is starting to fizzle out.
Is the Party Over for Pepe?
Despite Pepe’s recent plunge, some experts think that the coin’s price action is driven by genuine demand and expect it to hit rock bottom in the next few days. Crypto trader Michaël van de Poppe predicts that Pepe will bounce back by 50-80% once it finds its footing, suggesting that the party might not be over just yet.
What’s in Store for Pepe?
With Pepe now strutting its stuff on both Binance and Gemini, the meme coin is getting more exposure and turning heads in the crypto scene. As more investors and traders catch the Pepe fever, it’s possible that the popularity of meme coins will keep soaring.
But let’s not forget that meme coins like Pepe, Dogecoin (DOGE), and Shiba Inu (SHIB) can be pretty unpredictable. This means that folks should tread carefully when dipping their toes into the meme coin pool.
To sum it up, while Pepe’s appearance on Gemini gives it a boost, the coin’s future is still up in the air. But after all it is a meme coin, nothing is certain!