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

Benzinga11-07

Following a 10% rally on Wednesday, Pepe PEPE/USD has caught the attention of cryptocurrency traders, who think the frog-themed meme coin is destined for further gains. What Happened: Crypto analyst ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis Popular Meme Coin Is Up 10% And Could Even 'Flip Shiba Inu,' Trader Touts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-07 21:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/24/11/41807253/this-popular-meme-coin-is-up-10-and-could-even-flip-shiba-inu-trader-touts><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Following a 10% rally on Wednesday, Pepe PEPE/USD has caught the attention of cryptocurrency traders, who think the frog-themed meme coin is destined for further gains.\nWhat Happened: Crypto analyst ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/24/11/41807253/this-popular-meme-coin-is-up-10-and-could-even-flip-shiba-inu-trader-touts\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BPOP","symbol_name":"大众银行","start_time":0,"source_url":"https://www.benzinga.com/markets/cryptocurrency/24/11/41807253/this-popular-meme-coin-is-up-10-and-could-even-flip-shiba-inu-trader-touts","article_id":"2481834921","we_media_id":null,"thumbnails":["https://www.benzinga.com/files/images/story/2024/11/07/Pepe-Coin.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481834921","pubTimestamp":1730987243,"sourceInfo":{"source_id":"Benzinga","name":"Benzinga Cypto"},"weMediaInfo":null,"summary":"Following a 10% rally on Wednesday, Pepe (CRYPTO: PEPE) has caught the attention of cryptocurrency traders, who think the frog-themed meme coin is destined for further gains.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BPOP":"大众银行","BK4211":"区域性银行"},"translate_title":"交易员吹捧，这种受欢迎的模因币上涨了10%，甚至可能“翻转柴犬”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BPOP":1},"content_text":"Following a 10% rally on Wednesday, Pepe PEPE/USD has caught the attention of cryptocurrency traders, who think the frog-themed meme coin is destined for further gains.\nWhat Happened: Crypto analyst Bluntz remarked that \"frogs are back in fashion\"\n\nlooks like frogs are back in fashion, $pepe downtrend break with volume. 👀 pic.twitter.com/MLY9F2SEex— Bluntz (@Bluntz_Capital) November 7, 2024\n\nTrader Jameson predicts an \"inevitable monster breakout\" for Pepe, expecting an uptrend once Bitcoin moves. He believes the \"real rewards\" will come as Ethereum reverses its downtrend against Bitcoin, dubbing Pepe the \"chosen altcoin of this cycle\". He forecasts it will surpass Shiba Inu.\nVikingXBT also predicts upside, though only after a retrace:\n\nStarted doing leverage again after a long break.I think $PEPE looks good. However I do think we're going to get a small retrace, so would ladder in buys. pic.twitter.com/lC0I0s63tN— VikingXBT (@VikingXBT) November 7, 2024\n\nAlso Read: Meme Coin ‘Doge Jones Industrial Average’ Launches Meme Coin Sentiment Tracker In Push To ‘Flip The Dow’\nWhy It Matters: With Donald Trump winning the U.S. presidential election, major centralized exchanges like Kraken and Robinhood Crypto announced news for Pepe.\nKraken listed the meme coin for its U.S. clients; Robinhood announced Pepe transfers live on its app. By withdrawing and depositing Pepe, traders will get 1% deposit bonus for a limited time.\nIntoTheBlock shows a 252.9% increase in large transactions and a 61.8% rise in daily active addresses. Transactions over $100,000 have increased from 162 to 409 in one day, holders balances stand at $1.8 billion.\nWhat’s Next: The influence of meme coins is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.\nRead Next: \n\n‘Dogecoin Millionaire’ Highlights Pepe and Dogecoin As ‘Two Biggest Meme Narratives For 2025,’ Shiba Inu, Floki To Follow\n\nImage: Shutterstock Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. 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