🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Users Anticipate Another Price Surge as PEPE Lists on BitMEX

Published 03/05/2023, 19:40
Updated 03/05/2023, 19:45
Users Anticipate Another Price Surge as PEPE Lists on BitMEX

  • PEPE lists on the BitMEX exchange on May 3, 2023.
  • BitMEX users can trade PEPE via PEPEUSD and PEPEUSDT trading pairs.
  • Investors project that PEPE’s listing on BitMEX could ignite another significant rally.

Investors project that PEPE’s listing on BitMEX could ignite another significant rally after the token has shown to be one of the most profitable coins in the crypto industry this year. PEPE shot into the limelight after being listed on renowned crypto exchanges like OKX, Huobi, Gate.io, and MEXC.

Starting today, May 3, 2023, BitMEX traders will have access to trade long or short positions on PEPE via the PEPEUSD and PEPEUSDT trading pairs with up to 50x leverage. It marks another milestone in the life of the vowel frog-themed meme coin that is already popular among crypto users.

The novel meme coin has returned impressive numbers amid significant adoption. Despite its recent launch, the swelling community and increasing number of investors have resulted in exponential turnovers in the value of the meme coin. PEPE launched on April 15 at $0.000000001 and reached an all-time high (ATH) of $0.00000138 before retracing to $0.00000106 at the time of writing.

Due to the rally, PEPE shot into the top 100 cryptocurrencies on CoinGecko. It ranked 99th at writing time, with a market capitalization of $442.15 million and a 24-hour trading volume of $212.2 million.

Today’s listing on BitMEX is one of several other listings expected on top exchanges. There are speculations that Coinbase (NASDAQ:COIN) is about to list PEPE after users observed the crypto exchange had set up a page on its website titled “How to buy Pepe.”

PEPE is an ERC-20 token with a supply of 420.69 trillion tokens, joining the growing number of meme coins in the crypto industry. Despite several other Pepe the Frog NFTs and tokens, the most recent PepeCoin (PEPE) has captured the market’s attention differently.

The post Users Anticipate Another Price Surge as PEPE Lists on BitMEX appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.