Pepe Coin (PEPE) is perking up on Wednesday, as crypto markets pump hard in wake of Donald Trump’s landslide victory in the US presidential election, with news of Robinhood expanding support another positive for the token.
Robinhood just added Pepe Coin to its European platform and is handing out a 1% deposit bonus to bolster trading.
$PEPE transfers are LIVE on Robinhood Crypto.
Withdraw + Deposit #PEPE, and get PEPE rewards with our 1% deposit bonus for a limited time.
Terms apply. Learn more: https://t.co/sb4gDoO6Ls#RobinhoodOnchain pic.twitter.com/05Pd8h7kNW— Robinhood Crypto EU (@RobinhoodCrypto) November 4, 2024
PEPE was last trading around $0.0000095, up 11% on the day, though the Pepe the frog-themed meme coin remains locked within recent ranges.
But Trump’s victory heralds the beginning of a new pro-crypto era in the USA. And analysts think this means a crypto market surge is on the cards.
Bitcoin (BTC) could well hit $100,000 this year, and other major coins like Ethereum (ETH) and Solana (SOL) could hit record highs.
JUST IN: "Multiple analysts are expecting #Bitcoin will hit $100,000" before Trumps inauguration — CNBC pic.twitter.com/iXBhp59z3Z
— Bitcoin Magazine (@BitcoinMagazine) November 6, 2024
At the same time, a new meme coin season could be right around the corner.
Pepe Coin, which differentiates itself in a meme coin market dominated by dog variations, could be in poll position to surge.
For now, Dogecoin (DOGE) is leading the way, as bets pile in that Elon Musk will join Trump’s incoming administration of the new Department of Government Efficiency (DOGE) agency.
Elon Musk on D.O.G.E:
"I'd be happy to help improve the government efficiency, obviously Department of Government Efficiency which is sorely needed. We've got a gigantic government bureaucracy and overregulation." pic.twitter.com/pIPiEOVsiN— DogeDesigner (@cb_doge) November 6, 2024
So can Pepe Coin pump like Dogecoin?
Where Next for Pepe Coin? All-Time Highs Incoming
Pepe Coin, despite its strong rally on Wednesday, remains around 20% down from its late September highs and around 45% down from its 2024 highs.
Meanwhile, Bitcoin is currently racing ahead to fresh record highs in the $76,000 area. This is likely to be a lead indicator for the broader market.
For traders looking for a meme coin that has the potential to rapidly surge back to yearly highs in a “catch-up” trade, Pepe Coin could be a good bet.
Once the leading meme coin breaks above the downtrend from its May highs, the door would open to a quick 2x surge back to yearly highs.
But that could be just the start of the party for PEPE. People are talking about how Dogecoin could 5x from current levels to hit $1.
In this scenario, there is nothing stopping Pepe from also growing 5x from current levels to hit $0.000050.
Pepe Alternative to Consider
Pepe Coin’s strong upside potential suggests it could be once of the best cryptos to buy right now, and certainly one of the best meme coins.
That said, some meme coin investors will be looking for much bigger gains than “just” 5x. These high risky tolerant traders might want to check out a Pepe the frog-themed layer-2 scaling blockchain protocol called Pepe Unchained (PEPU).
Pepe Unchained has been running one of 2024’s top crypto presale fundraising rounds, having raised over $25 million so far.
TODAY IS A BIG DAY!!!
Not only have reached the $25M milestone, but we have a major announcement for you all.
Buckle up and read belowpic.twitter.com/Y2dEhrozb1
— Pepe Unchained (@pepe_unchained) November 6, 2024
Pepe Unchained is striving to become a leading meme coin trading blockchain. But thanks to the massive passive income yields on offer, which were last around 95% APY, is drawing a lot of interest from the DeFi community.
Droves of analysts are coming out to support the project, including the likes of KIFS Crypto, ClayBro, Austin Hilton and 99Bitcoins.
With the presale set to end soon, interested investors don’t have long to get involved.
Buy PEPU Here
The post Pepe Coin Gets Robinhood Support – Will PEPE Soar Like Dogecoin? appeared first on Cryptonews.
