Meme coin season appears in full swing as Pepe pushes ahead with a 5% rise today.
Meanwhile, the new presale meme coin Dogeverse looks set for significant gains as it bears the $10 million mark in its ICO.
Pepe Surges Ahead of Coinbase Listing
Coinbase is set to launch Pepe for perpetual futures trading on Coinbase International Exchange, its institutional-focused arm that serves clients outside the United States.
With excitement about the listing brewing, PEPE has enjoyed favourable market interest. It is priced at $0.000006898, up 5% today and 35% this week.
Its market cap is $2.9 billion, and its 24-hour trading volume is $1.1 billion. Based on these metrics, Pepe is the 42nd largest crypto by market cap but the 11th biggest by trading volume. This reflects the market’s relentless interest.
Coinbase initially made the listing announcement on 11 April but then announced a delay due to technical difficulties.
However, on Monday, Coinbase confirmed the launch will occur on 23 April.
Adding to the excitement, meme coin traders anticipate that Coinbase may also list Pepe for spot trading.
Prominent commentator Plazma speculated that Coinbase delayed the futures listing to align it with a potential spot listing. While that now seems unlikely, it does illustrate the optimistic sentiment driving Pepe’s price action.
Meanwhile, technical analysts are also bullish on Pepe. Max Schwartzman, renowned Pepe proponent, and CEO of Because Bitcoin, recently predicted that Pepe is primed for another explosive leg up, propelling it toward $0.00016. From its current price, this represents over a 2,200% gain.
Max cited Pepe’s recent pullback and considers it bullish for Pepe’s longer-term trajectory.
The analyst explained, “You can learn just as much (if not more) from a rejection at a key level as you can from a breakout. No one enjoys a pullback, but they are necessary and healthy.”
He continued, “After breaking out of a multi-month re-accumulation, Pepe tagged the 1.618 Fibonacci extension.
The good news here is that since the 1.618 is now officially confirmed as valid and in play, the 2.618 and 3.618 are also valid and in play. Very bullish for Pepe. I haven’t sold a single dollar of my bag, and I still expect multiples to be accomplished over the next couple of quarters.”
However, Pepe is not the only meme coin analysts are rallying behind. New presale Dogeverse is also turning heads as it steams toward the $10 million total raise mark.
New Meme Coin to Watch: Dogverse Could 100X, According to Analysts
Dogeverse takes an unprecedented multi-chain approach, launching across the six hottest smart contract-enabled blockchains.
This pioneering move ensures widespread accessibility, breaking down the “garden walled landscape” that often troubles the fragmented cryptocurrency market.
Investors have flooded in, with the project’s ongoing presale raising close to $10 million.
However, leading analysts and top media outlets have also praised this next-generation meme coin, with Jacob Bury recently speculating that it could be a “new 100x potential crypto.”
Meanwhile, heavyweight media outlets like Crypto Potato, Cointelegraph, 99Bitcoins, and Crypto Daily have all covered its monumental presale success.
Dogeverse has already launched on Ethereum, Base, BSC, Avalanche, and Polygon. It will also be available on Solana soon.
Presale buyers can stake their tokens and generate passive rewards. Currently, they can garner a 113% APY, but this will decrease as more tokens are staked.
Reflecting a belief in its long-term potential, presale buyers have already staked over 14 billion $DOGEVERSE.
The current presale price is $0.0003, but this will rise as the campaign advances. The next uptick will occur six hours from press time or when the total raise hits $10.1 million.
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