The crypto world is buzzing with excitement after Elon Musk indirectly showed support for PEPE Coin frog in a meme post. As a result, supporters of the meme coin are anticipating another massive announcement, fueled by speculation in the crypto market. A top US-based crypto exchange, Coinbase, recently launched a countdown on their official Twitter account, but what it’s counting down to remains unclear. However, the PEPE community firmly believes that the next significant news from the exchange will be about the memecoin’s listing.
PEPE Coin has been quite the talk of the town since its launch on April 18, 2023. It quickly gained popularity and became the best bet in the meme coin category at a time when the larger crypto market faced a decline. In addition to the potential Coinbase listing, Robinhood is also expected to list the memecoin soon. With a current market cap of $595 million, PEPE Coin (PEPE) has shown significant growth and now sits in 68th place based on market cap.
Crypto enthusiasts are now eagerly wondering if the mysterious Coinbase countdown is indeed leading to a PEPE Coin listing announcement. The countdown could also be heralding exciting news about the exchange’s ongoing international expansion plans. Regardless, a large majority of responses to Coinbase’s countdown appear to be about the PEPE listing. With a one-day gap between countdown posts, the forthcoming announcement may be scheduled for Thursday, May 17, 2023.
Although memecoin enthusiasts might be holding their breath for a PEPE Coin listing on major exchanges, skeptics raise concerns about the risks associated with investing in meme coins. While they have garnered significant attention and investment recently, these critics argue that meme coins are less stable and more prone to sudden price swings. Therefore, it’s essential for investors to thoroughly research the market and potential investments, as memes, celebrity endorsements, and hype might overshadow the actual value of these cryptocurrencies.
No matter what the outcome of the mysterious Coinbase countdown, the event has undoubtedly fueled speculation and excitement within the crypto community. Regardless of whether people are cheering for a PEPE Coin listing or questioning the long-term value of meme coins, one thing is sure: the crypto world is witnessing another fascinating chapter in its ever-evolving story. But, as always, with quick gains come potential risks, so investors and enthusiasts must remain vigilant and well-informed before making any decisions.
Please note, this article presents the personal opinions of the author and is subject to market conditions. Always conduct your research before investing in cryptocurrencies. The author or publication cannot be held responsible for any personal financial losses.
Source: Coingape
