The price of Pepe has increased by 6% after Coinbase announced it would launch PEPE perpetual futures on its international and advanced exchanges. This move has caused the meme token to rise by 33% in the past week and by an impressive 2,000% in the past year. With Coinbase’s growing support, Pepe remains popular among larger traders for short-term profits. The indicators for PEPE suggest further gains in the short term, with the potential for positive action in the near future as the market becomes more bullish later in the year.
The announcement by Coinbase to list PEPE perpetual futures on its exchanges is seen as bullish for the coin. This will expand PEPE’s market and increase demand for the token. It also indicates that PEPE has the potential for further growth, with the possibility of other exchanges introducing futures for the token in the future. As the market is expected to heat up in the latter half of the year with rate cuts by the Federal Reserve and an improving global economy, demand for speculative assets like PEPE is likely to increase, with the Pepe price projected to reach $0.00001 by the end of the summer.
In addition to Pepe, there are other meme tokens with big potential in the market. One example is Dogeverse (DOGEVERSE), a multi-chain meme token that has raised over $9.2 million in its presale. DOGEVERSE will launch on multiple blockchains, making it potentially attractive across various applications. It distinguishes itself by having a hard cap of 200 million tokens, which, coupled with staking, may create a supply squeeze that could boost its price over time. Latecomers can still participate in the DOGEVERSE sale on the official website, with the token priced at $0.000301, expected to rise incrementally with each stage of the sale and potentially skyrocket once it lists on exchanges.
Overall, Pepe and other meme tokens present opportunities for traders seeking potential outsized gains in the market. While the high-risk nature of crypto assets should be considered, the bullish indicators for PEPE and the introduction of PEPE perpetual futures on Coinbase suggest positive momentum for the meme token. With the market expected to become more bullish, driven by factors such as rate cuts and an improving global economy, demand for speculative assets like meme tokens may increase, leading to further growth and potential profits for traders in the coming months. Investing in meme tokens like Pepe or Dogeverse requires careful consideration of the risks involved, but for those willing to take the chance, the potential rewards could be significant.
