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- Following Binance’s announcement, DOGE, SHIB, and PEPE saw significant price surges of 7.6%, 45% and 4% respectively.
- The Binance listing has sparked positive sentiment around meme coins, coinciding with broader market expectations of a continued bull cycle into 2025.
The world’s largest crypto exchange, Binance, announced earlier today that it will provide a trading facility for some of the most popular meme coins such as Doecoing (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE) in Africa region. The announcement has led to a strong push in all three meme coins as they get greater liquidity and access among global investors.
Crypto Exchange Binance Expands Offering to DOGE, PEPE, and SHIB
Earlier today, the Binance peer-to-peer (P2P) exchange officially announced that it would expand new trading pairs for DOGE, SHIB, and PEPE in the African region for some selected fiat zones. Notably, trading for DOGE, PEPE, and SHIB tokens is now available against select African fiat currencies, which may include ETB, GHS, KES, RWF, TZS, UGX, XAF, XOF, and ZAR.
Binance’s massive user base will allow users to buy and sell these trading pairs directly via local payment methods such as its P2P division. This expanded trade functionality will enhance accessibility while driving potential capital inflows into top meme coins and boosting their global market visibility. Consequently, traders and investors remain optimistic about the future price trajectories of these coins, fueled by expectations of a continued bull cycle in 2025.
With Binance listing, investor sentiment for DOGE, SHIB, and PEPE meme coins is likely to pick up very soon. This suggests that cryptocurrencies may be positioning themselves for a potential rally in the near future.
All Three Meme Coins Stage Strong Rally
Just as Binance announced its decision to expand trading for these three meme coins, all of them have witnessed a strong surge. As of press time, the Dogecoin (DOGE) price is up 7.66% trading at $0.36 with a market cap of $53.4 billion. With today’s rally, DOGE has extended its weekly gains to more than 16%. As per the Coinglass data, the DOGE open interest is also up 13%, while the 24-hour liquidations have shot up to $7.61 million.
Similarly, DOGE competitor Shiba Inu (SHIB) is also up 4.5% today, moving to $0.00002369, while its weekly gains are extended to more than 10%. The excitement around SHIB comes as the Shiba Inu team prepares for the launch of the much-awaited TREAT tokens this month, reported CNF.
On the other hand, Pepe Coin (PEPE) has also gained 4% and is currently trading at $0.00002116 with a market cap of $8.89 billion. With today’s surge, the PEPE price rally has extended by more than 20% on the weekly charts, with analysts predicting a rally of 1 cent in 2025, per the CNF report.
