Pepe Coin Price Rallies 70% As Binance Extends Support For PEPE
Release: 2024/03/04 17:29 Reading: 811
- Original author：Coingape News Media
- Original source：https://coingape.com/?p=183902
Pepe Coin has captured the spotlight in the cryptocurrency market with a staggering 70% surge in PEPE price, marking it as one of the top-performing assets on March 4. Meanwhile, this remarkable rally comes amidst a broader positive sentiment in the crypto market, particularly within the meme coin sector, fueled further by Binance’s latest announcement.
The exchange’s decision to extend support for Pepe Coin through new trading pairs has ignited investor enthusiasm and propelled the coin to new heights.
Binance Listing Sparks Pepe Coin Frenzy
The recent surge in Pepe Coin’s price can be largely attributed to Binance’s announcement of listing new trading pairs on its platform. In a press release, Binance unveiled plans to introduce several trading pairs, including PEPE/FDUSD, as part of its ongoing efforts to enhance user trading experience and broaden the range of available assets.
Besides, Binance will also add support to other cryptos, which includes OM/TRY, PIXEL/USDC, STRK/USDC, THETA/TRY, and UNI/FDUSD spot trading pairs at 2024-03-05 08:00 (UTC).
Meanwhile, Binance’s decision to support Pepe Coin through additional trading pairs has bolstered investor confidence and sparked a renewed interest in the meme-based cryptocurrency. In addition, the move not only signifies Binance’s recognition of Pepe Coin’s potential but also opens up new avenues for traders to access and engage with the digital asset.
In other words, Pepe Coin’s rally following the Binance listing announcement highlights the significance of exchange support in driving the value and adoption of cryptocurrencies. As one of the leading crypto exchanges globally, Binance’s endorsement adds credibility to Pepe Coin and reinforces its position within the crypto market.
Also Read: Ethereum’s Vitalik Buterin Hail Reddit IPO, But Says “This Make Me Sad”
Market Response and Future Outlook
The announcement by Binance not only propelled Pepe Coin to new heights but also spurred positive momentum for other cryptocurrencies listed alongside it. Cryptos like Mantra (OM), Pixels (PIXEL), and Uniswap (UNI) also experienced significant rallies, underscoring the broader impact of exchange listings on market sentiment.
Looking ahead, investors are keenly observing the market dynamics surrounding Pepe Coin and its performance in the wake of the Binance listing. With the meme coin sector gaining momentum and exchange support playing a crucial role in driving price action, Pepe Coin’s future trajectory remains subject to continued investor interest, market trends, and regulatory developments.
Meanwhile, as of writing, the Pepe Coin price was up 68.29% and traded at $0.000006718, while its trading volume rocketed 149.35% to $3.27 billion. Notably, the PEPE price has added over 415% over the last seven days, with a monthly surge of around 700%.
Also Read: Binance Drops Pax Dollar (USDP) Support, But There’s A Catch
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