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Don't Short Pepe Yet, Do This Instead

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By Jessy Sloan - - 5 Mins Read
Pepe meme, meme coin
Pepe meme coin (Twitter)

Pepe is one of the few meme coins that will explode in 2023, and it is already making giant strides to back this claim. Recent data from CoinDesk shows that the meme coin is making its way to a $1 billion market cap within a month of its launch. Its 24-hour trading volume has increased, too, even going more than the OG of meme coins, Dogecoin.

Pepe's token price within the past 24 hours has been more than 64%, and it does not show any signs of stopping its bullish trend. With over $610 million daily trading volume, Pepe is expected to make more history within a short while. More investors are also pushing into cryptocurrency as they see it as a good avenue to make more profits. 

This meme coin is a popular cryptocurrency linked to a popular internet name called Pepe the Frog. Like Dogecoin, whose prominence is traced back to the Shiba Inu dog, Pepe is set to take on the next generation of meme tokens.

Slowly but steadily, the meme coin has placed itself not only as one of the meme coins that will explode in 2023 but it is also now a fierce rival to Dogecoin and Shiba Inu. Although Pepe has been seeing many bullish trends, the latest saw investors making thousands of dollars in profit. It is still expected to increase. 

Pepe's sudden price surge is traced back to its recent listing with popular crypto exchange BitMex. The listing on this exchange made Pepe token price and its trading volume increase. However, the listing in the crypto exchange brought more benefits apart from price increases. It saw holders of the Pepe token get access to trade Pepe against the US dollar and Tether with up to 50x leverage.

The listing also saw Pepe make history with the meme coin sector as it surpassed Dogecoin in recent trading volume. Apart from BitMex, the Pepe token is also listed on other exchanges such as OKX, MEXC Global, Huobi, and Gate.io. Binance also scheduled a date to list the meme token as well in the exchange's innovation zone.


Pepe Exchange Listing Attracting More Investors 

Data shows that the recent exchange listings from Pepe have attracted more investors to the token. The listing in exchanges such as BitMex, OKX, MEXC Global, Huobi, and Gate.io helped to validate Pepe as a token that has a huge potential for the future.

Typically, exchange listings of new cryptocurrencies like Pepe expose them to a wider audience. Although Pepe is now enjoying a FOMO wave, it has experienced bearish trends within the past few days. It saw a 15% price drop within the past 24 hours. But its price increase within the past 24 hours exceeded what was lost. 

Despite getting much success, some analysts have warned about the speculative nature of the Pepe token. Analysts cautioned that investors should be wary of the token as there might be some manipulations on its price. New investors of the Pepe tokens are warned to exercise much caution before investing in the token. Although Pepe is still on the rise, market reversal might make investors lose all their money in the market. But at the moment, Pepe is cruising to greater heights.