Altcoin
Binance Expands Support For Pepe Coin In MENA Region, What’s Next For PEPE?
Crypto exchange behemoth Binance once again nabbed significant investor attention across the MENA region, revealing an important update on Pepe Coin. The crypto exchange revealed on Friday that it is adding new trading pairs for PEPE, extending market support to the frog-themed meme token. In response, traders and investors are extensively eyeing the meme crypto, anticipating price gains ahead in light of a broader market recovery.
Binance Enhances Trade Offerings For Pepe Coin Echoing Optimism
According to an official Binance release dated January 17, the crypto exchange’s P2P division is adding support for Pepe Coin. Notably, PEPE is now enabled against Middle East and North Africa (MENA) region fiat currencies, the announcement added.
The platform’s colossal user base can directly buy and sell the token in the new trading pairs across the MENA region. This enhanced offering, providing more market exposure to the asset, paves a bullish path for future movements as the demand is expected to rise. As a result, market watchers expect a bolstered market stand for the meme coin ahead in the wake of one of the top crypto exchanges expanding support for it.
Simultaneously, it’s noteworthy that the broader crypto market’s recovery movement has added to optimism surrounding the frog-themed meme coin.
Despite CoinGape’s report that revealed a massive 588 billion PEPE deposit by a smart whale, investors continue to eye the crypto bullishly in light of the abovementioned update. Also, a stockpile of other market technicals paves a bullish path for the token’s future movements.
Is PEPE Readying For Massive Gains?
At the time of reporting, PEPE price witnessed a nearly 1% uptick in value and is currently sitting at $0.00001857. The coin’s 24-hour low and high were $0.00001798 and $0.00001886, respectively. The weekly chart for the crypto shows a 7.5% uptick in value. The rising movement has sparked noteworthy investor enthusiasm in tandem with Binance’s announcement.
Intriguingly, renowned market expert Max, CEO of BecauseBitcoin, has recently posted on X, spotlighting a bullish trend for Pepe Coin. Focusing on the Coinbase chart for the token, the analyst highlights the formation of a giant bullish compression, indicating a bullish breakout ahead. However, this bullish anticipation should also fall in line with Ethereum (ETH), given the second-largest crypto does not crash.
Also, a recent PEPE price prediction by CoinGape has further cemented sentiments of additional gains for the token ahead, with the possibility of the token overtaking Shiba Inu. Against the backdrop of strong market technicals, Pepe Coin showcases the potential rebound and retest the 2024 high of $0.00002826, which is up by 52% from the current level. Investors are gauging in at the critical points mentioned above, expecting more gains ahead. Overall, market watchers constantly monitor the meme token for price action changes amid dynamic market trends and Binance’s listing
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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