Pepe has turn into the primary meme coin to be formally listed on a Japanese cryptocurrency trade.
In line with a report by CoinDesk Japan, BITPoint Japan, a centralized crypto trade launched in 2016 and licensed by the nation’s Monetary Providers Company, listed Pepe (PEPE) right now.
BITPoint will supply spot buying and selling, lending and financial savings companies for the third-largest meme coin by market cap—at the moment at $4 billion with a max provide of 420.69T PEPE.
The Japanese trade may also run two campaigns. Firstly, 10 BITPoint customers who buy at the very least 10,000 yen price of PEPE shall be eligible for a lottery price 100,000 yen. This marketing campaign shall be accomplished on Nov. 27.
One other can be a giveaway for the trade’s X followers.
PEPE’s bullish case
PEPE launched in April 2023 and was named after the 2000s web meme, “Pepe The Frog.” The meme coin is up by over 34,000% from its launch worth and is buying and selling at $0.0000095 on the time of writing.
At this level, PEPE has already been listed on main crypto exchanges like Binance, Bybit, OKX and Upbit, to call a number of.
Often, main trade listings set off a short-term FOMO amongst traders, pushing the worth upward.
PEPE has been seeing elevated volatility since reaching an all-time excessive of $0.000017 on Might 27. Nevertheless, the asset’s Relative Power Index is at the moment at 53, displaying that PEPE is neither overbought nor oversold.
This places the meme coin in good situation for a possible worth surge because the broader crypto market is recording huge positive factors. Per a crypto.information report, the worldwide crypto market cap surpassed the $2.5 trillion mark because the Bitcoin (BTC) exchange-traded funds registered consecutive inflows.
