PEPE becomes first meme coin to officially enter Japan’s market
Release: 2024/10/30 15:29 Reading: 705
Pepe Joins Japanese Cryptocurrency Exchange BITPoint
Pepe, a prominent meme coin, has been officially listed on the Japanese cryptocurrency exchange BITPoint Japan. Launched in 2016 and licensed by the Financial Services Agency, BITPoint will offer spot trading, lending, and savings services for Pepe (PEPE).
BITPoint's listing marks a significant milestone for the meme coin, which currently boasts a market capitalization of $4 billion. To commemorate the launch, the exchange will conduct two campaigns:
- A lottery awarding 100,000 yen to 10 users who purchase at least 10,000 yen worth of PEPE.
- A giveaway for followers of BITPoint's social media channels.
Pepe's Bullish Journey
Launched in April 2023 and inspired by the internet meme "Pepe the Frog," PEPE has experienced remarkable growth. Since its inception, the coin has surged by over 34,000%, currently trading at $0.0000095.
PEPE has gained significant traction, being listed on major exchanges such as Binance, Bybit, OKX, and Upbit. Historically, exchange listings have often triggered short-term price increases due to increased investor interest.
Despite recent market volatility, PEPE's Relative Strength Index (RSI) currently stands at 53, indicating that it is neither overbought nor oversold. This suggests that PEPE is well-positioned for potential price growth, particularly as the broader crypto market experiences gains.
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