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This Popular Meme Coin Is Up 10% And Could Even 'Flip Shiba Inu,' Trader Touts

Susan Sarandon
Release: 2024-11-08 09:24:17
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Pepe (CRYPTO: PEPE) has caught the attention of cryptocurrency traders, who think the frog-themed meme coin is destined for further gains.

This Popular Meme Coin Is Up 10% And Could Even 'Flip Shiba Inu,' Trader Touts

CRYPTOcurrency traders are keeping a close eye on Pepe (CRYPTO: PEPE), a frog-themed meme coin that has traders believing it’s bound for further gains.

Bluntz, a crypto analyst, noted that "frogs are back in fashion" again, dubbing Pepe the "chosen altcoin of this cycle." He predicts it will overtake Shiba Inu.

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"This is the best performing asset class in the world over the last decade,” O'Reilly said.

Bluntz also noted that Pepe is now available on major centralized exchanges in the U.S., with Kraken and Robinhood Crypto announcing news for the meme coin.

Kraken listed Pepe for its U.S.-based customers, while Robinhood announced that Pepe transfers are now live on its app. For a limited time, traders will receive a 1% deposit bonus when withdrawing and depositing Pepe.

Bluntz also noted that the influence of meme coins will be covered in-depth at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

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