In summary
- PEPE surpassed Dogecoin in weekly gains with a 131% increase following its listing on Coinbase and Robinhood.
- PEPE’s market capitalization briefly reached $10 billion, boosting its entry into the top 20 cryptocurrencies.
- Dogecoin is up 104%, reaching $0.40 for the first time since 2021, as the memecoin market continues to boom.
PEPE memecoin has surpassed Dogecoin (DOGE) in weekly gains after major Cryptocurrency exchanges announced plans to list the token, as meme cryptocurrencies continue to rise with a Republican victory and a broader market rally.
Pepe’s listing announcement sparked immediate reactions in the market. In just a few hours, the token’s market capitalization briefly rose above $10 billion, while Dogecoin’s stands at $56 billion.
The rise in Pepe’s value comes after two major US-based exchanges—Robinhood and Coinbase—announced its inclusion in their listings, bringing greater visibility to the token and generating strong retail interest.
Dogecoin trading volume recorded $28 billion in 24 hours. Meanwhile, Pepe reached $24 billion in just a few hours after the listing announcements.
Looking at weekly performance, Doge is up 104%, while the frog-themed meme coin is up about 131% in the same period.
Pepe hit an all-time high of $0.00002299 on Wednesday, surpassing its previous peak set in May, according to data from CoinGecko. As a result, Pepe entered the top 20 cryptocurrencies by market capitalization for the first time.
The rise of the frog-themed memecoin follows in the footsteps of Dogecoin (DOGE), which has seen explosive growth since the US elections in November.
Dogecoin reached new heights, hitting $0.40 amid the market rally, a price not seen since 2021. The memecoin benefited from brief boosts from Tesla CEO Elon Musk during President-elect Donald Trump’s election campaign, which triggered a broad rally in memecoins.
Coinbase’s announcement followed nearly 18 months of community requests, making Pepe the fourth meme cryptocurrency on the platform, after Dogecoin, Shiba Inu (SHIB), and Bonk.
Cryptocurrency analysts are now breaking out their crystal balls, claiming that Pepe could follow Dogecoin’s trajectory despite a slow start during the first few days following the election.
“Pepe’s takeoff begins now,” Daan de Rover, founder of automated cryptocurrency trading platform CryptoSea, said Wednesday on X, noting that the token could see another 900% jump.
The appetite for memecoins is far from over, with new players challenging the old guard as the excitement around meme coins spreads beyond Pepe and Dogecoin. Binance recently listed Solana-based meme coins ACT and PNUT, which reported gains of up to 1,300%.
Launched in April 2023, Pepe is based on the iconic internet meme “Pepe the Frog,” created by Matt Furie in 2005. The token was launched without much fanfare, but gradually built a strong community.
Edited by Sebastian Sinclair
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