The PEPE memecoin nearly doubled in value over the past week due to its listing on Coinbase and support from Robinhood.
PEPE Value Surge Post-Listing
The popular frog-themed memecoin PEPE surged by 94% last week. Its recent addition to the US crypto exchange platform Coinbase provided further impetus for its growth. According to a new announcement by Coinbase, investors can now buy, sell, trade, store, and convert the PEPE memecoin via the exchange's app.
Election Effect on PEPE Price
News of the listing sent PEPE's price soaring from its November 14th low of $0.00001909 to a peak of $0.00002222 the following day, a 16% gain. This rise continues a trend of PEPE skyrocketing in price since the presidential election earlier this month. A day before the election, PEPE was valued at just $0.00000849. However, the asset reached a peak of $0.00002438 on November 13th, a staggering 94% gain. The price has since stabilized, trading at $0.00002147 at the time of writing, a 6% dip over the last 24 hours.
Robinhood's Support for PEPE
Earlier this week, retail trading giant Robinhood announced that it would be adding more altcoins, including PEPE, to its growing token suite. Other crypto assets added included Cardano (ADA) and XRP. As stated by Johann Kerbrat, vice president and general manager of Robinhood Crypto, the company consistently hears from clients about their desire for more digital assets, and it is excited to expand its crypto offerings.
PEPE continues to show significant growth fueled by its listing on Coinbase and support from Robinhood. Despite current fluctuations, the memecoin's prospects attract investor attention.
