The popular frog-themed meme asset, which has surged 94% over the past week, is seeing another rise thanks to support from Coinbase, the country’s leading cryptocurrency exchange platform.
In a new announcement, Coinbase revealed that investors can now buy, sell, trade, store, and convert the popular memecoin Pepe (PEPE).
“Pepe is now on the Coinbase iOS and Android apps (coinbase.com). Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.”
On the news of the listing, the price of PEPE rose 16% from a low of $0.00001909 on November 14 to a high of $0.00002222 the next day. The price rise continues a trend in which PEPE prices have surged since the presidential election earlier this month.
The day before the election, Pepe was worth just $0.00000849. However, the meme asset rebounded to a record high of $0.00002438 on November 13, marking a remarkable 94% gain. PEPE has since stabilized and, at the time of writing, is trading at $0.00002147, down 6% in the last 24 hours.
Earlier this week, retail trading giant Robinhood announced that it would be adding more altcoins. – including PEPE – To a growing family of tokens. Other cryptocurrency assets added include Cardano (ADA) and XRP.
Johann Kerbrat, Vice President and General Manager of Robinhood Crypto at the time, said:
“We continue to hear from our customers that they want access to more digital assets, and we are excited to continue to expand our cryptocurrency offerings. “With low barriers to entry, we believe cryptocurrencies provide opportunities for those who have historically been left behind in traditional financial systems.”
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