The cryptocurrency market is currently experiencing a surge of new digital assets, ranging from meme-based coins to artificially created ones. Among the latest additions, a newly discovered meme coin has been generating a lot of buzz. Pepe Coin [PEPE] has been experiencing substantial growth and outperforming popular meme coins like Shiba Inu [SHIB] and Dogecoin [DOGE], which have not seen much movement lately.
Although many meme coins have faced difficulties getting listed on major exchanges, PEPE has had a comparatively easier time. After teasing the community for a while, the cryptocurrency exchange Gemini has decided to add PEPE to its platform. Earlier today, Gemini announced that deposits for the meme coin were finally open.
In a recent blog post, Gemini announced that trading for the PEPE coin will commence soon. However, initially, trading will be limited to the exchange’s API/FIX and ActiveTrader applications. It will be available only for the USD trading pair. Later, PEPE will be available for trading on the Gemini Mobile App and website as well, paired against USD, GBP, EUR, CAD, AUD, HKD, and SGD. The exchange concluded the post by highlighting the reason behind onboarding such a novel coin. The post read,
“$pepe continues the tradition of giving the control of money back to the people. We’re not here to tell you what money is. We’ll leave that up to you. We’re here to empower you with greater choice, independence, and opportunity, as we continue on our mission to unlock the next era of financial, creative, and personal freedom.”
Will PEPE skyrocket once again?
PEPE has gained widespread popularity and is being purchased for various reasons, including its potential to generate significant profits. A listing on a prominent exchange like Gemini could further propel its surge.
As of now, PEPE is trading at $0.000002016, showing a 7.37% daily surge. Following a 7.52% increase over the last 24 hours, the market cap of the asset has risen to $789,900,361. Although the daily trading volume of the asset is currently around 52.98% lower than yesterday, it is expected to increase once Gemini starts its trading services.
Although PEPE is currently trading at 53.65% below its all-time high of $0.000004354, the Gemini listing is expected to act as a catalyst for the asset to reclaim this level very soon. It is anticipated that the listing will attract more investors to buy PEPE and drive its price up. Furthermore, there is speculation that other exchanges may also onboard the asset, which could potentially increase its value even further.