Altcoin
Binance Expands Support For DOGE, SHIB, PEPE; Will These Meme Coins Rally?
Crypto exchange Binance has again echoed a frenzy across the broader sector on Friday, expanding trade offerings for some of the leading meme coins. Notably, the firm revealed that it will expand support for Dogecoin (DOGE), Pepe Coin (PEPE), and Shiba Inu (SHIB) tokens, primarily enhancing trade offerings in the African region. As a result, crypto market participants are speculating whether the enhanced offerings could positively impact the prices ahead.
Binance Expands Trade Offerings For DOGE, PEPE, & SHIB Igniting Optimism
In an official announcement by Binance P2P, the crypto exchange revealed that it is expanding support for new trading pairs in selected fiat zones across Africa. Particularly, trading for DOGE, PEPE, and SHIB tokens is now enabled against certain African fiat currencies. These fiat currencies potentially include ETB, GHS, KES, RWF, TZS, UGX, XAF, XOF, and ZAR.
The platform’s colossal user base remains poised to directly buy and sell these trading pairs using various local payment methods on the P2P division. Overall, the enhanced trade offerings pave the way for further money inflow into the top meme coins as it enhances their global market visibility. In turn, traders and investors remain optimistic about the coins’ future price movements, supported by sentiments of a bull cycle continuation in 2025.
Meanwhile, the positive or expanded offerings from the leading crypto exchanges like Binance often boost the investors’ sentiment. Having said that, it appears that the cryptocurrencies are gearing up for a potential rally ahead with the extended offerings.
How Are The Meme Coins Performing?
In tandem with Binance’s announcement, DOGE price today witnessed gains worth 1% and traded at $0.3382. The coin’s 24-hour low and high were $0.3351 and $0.3442, respectively. Notably, the weekly chart for the token underscored gains worth 7%.
Simultaneously, SHIB price witnessed gains worth 2.5% intraday and is now trading at $0.00002278. The coin’s 24-hour low and high were $0.00002215 and $0.00002294, respectively. Intriguingly, even Shiba Inu’s weekly chart indicated gains worth 5%.
Lastly, the latest PEPE price showed an increase of 0.5% to $0.00002026. The coin’s 24-hour low and high were $0.00002008 and $0.00002113, respectively. Even the frog-themed meme coin’s weekly chart indicated gains worth 14%.
Altogether, market watchers anticipate further gains in the assets, primarily attributable to Binance’s enhanced trade offerings. Moreover, in another marvelous saga, the crypto exchange secured major regulatory approval in Brazil. Overall, the leading crypto exchange continues to solidify its standing across the sector, tapping into emerging markets and offering revolutionary trade offerings globally.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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