‘One-Week Will Pop,’ Predicts Backer By Benzinga

Benzinga – by Khyathi Dalal, Benzinga Staff Writer.

Robinhood Crypto EU listed meme coin darling Pepe (CRYPTO: PEPE) for trading on Feb.14, spurring a 15% rally. Analysts are optimistic about Pepe’s future potential.

What Happened: Robinhood Crypto EU listed Arbitrum, Celestia and Pepe for trading in select jurisdictions within the European Union. The announcement galvanized Pepe’s previous uptrend, pushing the token to a one-month high of $0.000001298.

Pepe has rallied 29.4% in the past week on 43.9% higher daily trading volume.

Robinhood Crypto EU only lists 30 coins, which adds weight to the announcement.

David Gokhshtein, founder of Gokhstein Media, tweeted that Pepe’s listing on major platforms like Coinbase and Robinhood US is now closer. Another user, y00thereum echoed this sentiment, stating that listing on Robinhood US and Coinbase is inevitable now.

Also Read: Dogwifhat Up 23% As This Solana Darling Ranks 5th By Memecoin Mcap: ‘The Doge Of This Cycle,’ Says Crypto Expert

Why It Matters: Etherscan data shows a slight increase in Pepe holders, from 154,728 on Feb. 12 to 155,442 on Feb. 15. Network analytics also improved, with unique receivers almost doubling from 577 on Feb. 12 to 1,187 on February 15.

Investors on social media expect further upside for Pepe:

This 1week will pop https://t.co/BzV7kgJiSR pic.twitter.com/0YuGt2Lv4Z

— Zoomer Oracle (@ZoomerOracle) February 14, 2024

The memecoin frenzy has captivated traders with significant gains in short periods. Recent examples of such memecoins include Trump (CRYPTO: MAGA), Dogwifhat (CRYPTO: WIF), and Bonk (CRYPTO: BONK).

Read Next: GameStop, Dogwifhat And ‘Dogecoin Killers:’ How Memecoins Teach A ‘Skill To Succeed’ In Crypto

Photo: Shutterstock

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