Key Takeaways:
PEPE is the world’s third-largest memecoin, with a market capitalization of $4 billion, and currently the 24th largest cryptocurrency in the world. BITPoint will offer spot trading, lending, and savings services in the memecoin, which has a maximum supply of 420.69 trillion PEPE.
BITPoint Lists PEPE Coin In Japan. Celebrates Launch With Promotional With Exciting Promotional Campaign
To celebrate the listing of the first memecoin in Japan, BITPoint will be running two promotional campaigns. One promotion, aimed at boosting engagement, enables users who purchase at least 10,000 yen ($65.47) worth of PEPE to be eligible to win an additional 100,000 yen ($650). This offer will run until 3:59 PM local time on November 27, 2024. The second campaign involves a giveaway on BITPoint’s official X handle, where followers will be eligible to win free PEPE tokens.
PEPE, which was launched in April 2023, is a widely popular meme coin that pays homage to the popular 2000s internet meme “Pepe the Frog”. Since its launch, PEPE has seen its value rise by over 34,000% and is well-placed among heavyweights in the market, including Dogecoin (DOGE), Shiba Inu (SHIB), and Dogwifhat (WIF), among others.
The memecoin is available on almost all major global exchanges, including Binance, OKX, and Upbit. PEPE’s listing on BITPoint has field optimism across the community, particularly for its ability to attract a broader audience and strengthen the token’s position globally.
Despite Facing Blips, PEPE’s Price is Poised to Surge in Coming Weeks
PEPE has seen increased price volatility since hitting an all-time high of $0.000017 on May 27, 2024. It currently shows a Relative Strength Index (RSI) of 53, indicating that it is neither overbought nor oversold.
However, this places PEPE in a good position for a potential price surge as the broader market is recording massive gains. Despite brief gains, the performance of PEPE has been largely downward, declining approximately 14% in the last 30 days. PEPE is also down 47% from its all-time high, currently trading at $0.000009009 – down 5.1% from the previous day’s price.
Despite the downward trend, the PEPE community remains optimistic, with recent data showing an uptick in accumulation rates for the token among major market participants. This increased activity helps retain confidence in PEPE’s strong potential to move to the upside. However, it remains to be seen how recent developments can impact the cryptocurrency’s price positively.
Read More: Major Price Surge For Shiba Inu ($SHIB) And Ripple ($XRP)? Here’s What To Expect
