- Popular cryptocurrency exchange Coinbase has recently launched a countdown on Twitter, which might be a prospective listing announcement for PEPE Coin.
- Other than Coinbase, renowned cryptocurrency exchange Robinhood is set to list Pepe.
In a circulating tweet, Popular cryptocurrency exchange Coinbase has recently launched a countdown on Twitter, but it is still uncertain what it is all about. It may be a sign of an announcement on the exchange’s expansion plans or a prospective listing announcement for PEPE Coin.
Recently, with a subliminal reference to Pepe Coin in a meme, billionaire Elon Musk joined the conversation. This happened a few hours following Musk’s announcement that Linda Yaccarino is Twitter’s new chief executive officer. Following these two events, Pepe users believe that the listing of the frog-themed meme coin must be the subject of the exchange’s upcoming major announcement.
The listing of PEPE Coin is the subject of most tweets in response to the countdown, with different users from the Pepe community excited about the announcements. Based on the one-day gap between the countdown posts, it is expected that the announcement will be made on Thursday, May 18, 2023.
— Coinbase 🛡️ (@coinbase) May 17, 2023
Recently Pepe coin has been a subject of discussion in the cryptocurrency community. There has been a significant increase in the number of unique holders of Pepe, with a total of 112,000 holders observed. Additionally, there has been a daily growth of 1,000 different transactional wallets.
It is worth noting that while the number of addresses sending $PEPE has decreased by 0.2k, the number of addresses receiving $PEPE has increased by 1.6k. This suggests a division in on-chain activity, with more people buying the cryptocurrency than selling it.
Since the meme coin was launched, it has increased by 425.2%. Other than Coinbase, renowned cryptocurrency exchange Robinhood is set to list Pepe. As of the time of writing, Pepe has a market cap of $595 million and $315M in the past 24 hours. It is worth noting that the coin has made considerable gains to maintain a 70-rank position on the coin market cap.
Pepe Price Analysis
Pepe is currently trading at $0.000001574 as of the time of writing. Looking at the 4-hour timeframe chart, the net price of Pepe is currently lower than both the 100-day and 50-day Moving Averages. Additionally, the 50-day Moving Average has dropped below the 100-day Moving Average.
This indicates a negative sentiment in the market, with the price trending below the recent average. The fact that the Pepe coin price is below the 50-day and 100-day Moving Averages suggests that the market sentiment is bearish.
The RSI of Pepe is currently showing a downtrend, indicating an increase in selling pressure for the cryptocurrency. As of press time, the RSI stands at 41.82.
Furthermore, based on the MACD chart, the recommended trade is to sell Pepe. This is because the MACD line has dropped below the signal line, and the volume histogram bars have increased below 0 on the chart. Overall Pepe is currently bearish.