Pepe Coin Receives Backing from Robinhood – Could PEPE Rise Similar to Dogecoin?

Pepe Coin (PEPE) is gaining traction on Wednesday, as cryptocurrency markets experience a significant uptick following Donald Trump’s decisive win in the US presidential election, with the announcement of Robinhood extending its support serving as an additional boost for the token.

Robinhood has recently incorporated Pepe Coin into its European platform and is offering a 1% deposit bonus to encourage trading.

$PEPE transfers are now ACTIVE on Robinhood Crypto.
Withdraw + Deposit #PEPE, and earn PEPE rewards with our 1% deposit bonus for a limited time.
Terms apply. Learn more: https://t.co/sb4gDoO6Ls#RobinhoodOnchain pic.twitter.com/05Pd8h7kNW

— Robinhood Crypto EU (@RobinhoodCrypto) November 4, 2024

PEPE was last seen trading at approximately $0.0000095, reflecting an 11% increase for the day, although the Pepe the frog-themed meme coin remains within its recent trading range.

Trump’s victory signals the onset of a new pro-crypto phase in the USA, and analysts believe this could lead to a surge in the cryptocurrency market.

Bitcoin (BTC) is projected to potentially reach $100,000 this year, with other significant cryptocurrencies like Ethereum (ETH) and Solana (SOL) also expected to achieve all-time highs.

JUST IN: “Multiple analysts are anticipating #Bitcoin will reach $100,000” before Trump’s inauguration — CNBC pic.twitter.com/iXBhp59z3Z

— Bitcoin Magazine (@BitcoinMagazine) November 6, 2024

Simultaneously, a new season for meme coins may be imminent.

Pepe Coin, which sets itself apart in a meme coin landscape largely dominated by dog-themed variations, could be well-positioned for a significant increase.

Currently, Dogecoin (DOGE) is at the forefront, as speculation grows that Elon Musk will join Trump’s forthcoming administration in the new Department of Government Efficiency (DOGE) agency.

Elon Musk on D.O.G.E:
“I’d be happy to assist in enhancing government efficiency, obviously the Department of Government Efficiency is desperately needed. We have a massive government bureaucracy and excessive regulation.” pic.twitter.com/pIPiEOVsiN

— DogeDesigner (@cb_doge) November 6, 2024

So, can Pepe Coin experience a rise similar to Dogecoin?

What’s Next for Pepe Coin? All-Time Highs on the Horizon

Despite its notable rally on Wednesday, Pepe Coin is still about 20% below its late September peaks and approximately 45% down from its highs in 2024.

Meanwhile, Bitcoin is currently advancing towards new record highs in the $76,000 range, likely serving as a leading indicator for the overall market.

For traders seeking a meme coin with the potential for a rapid rebound to yearly highs in a “catch-up” trade, Pepe Coin may represent a favorable option.

Once the leading meme coin surpasses the downtrend established from its May highs, it could pave the way for a swift 2x increase back to yearly peaks.

However, this could merely be the beginning of the upward trend for PEPE. Discussions are circulating about how Dogecoin could quintuple from current levels to reach $1.

In this scenario, there is nothing preventing Pepe from also increasing 5x from current levels to achieve $0.000050.

Alternative to Consider: Pepe

The significant upside potential of Pepe Coin indicates it could be one of the most promising cryptocurrencies to acquire at this moment, and certainly one of the top meme coins.

Nevertheless, some meme coin investors may be seeking much larger returns than “just” 5x. These high-risk tolerant traders might want to explore a Pepe the frog-themed layer-2 scaling blockchain protocol known as Pepe Unchained (PEPU).

Pepe Unchained has been conducting one of the leading crypto presale fundraising rounds of 2024, having raised over $25 million to date.

TODAY IS A SIGNIFICANT DAY!!!
Not only have we reached the $25M milestone, but we have a major announcement for everyone.
Get ready and read below pic.twitter.com/Y2dEhrozb1

— Pepe Unchained (@pepe_unchained) November 6, 2024

Pepe Unchained aims to establish itself as a leading blockchain for meme coin trading. Additionally, the substantial passive income yields on offer, which were recently around 95% APY, are attracting considerable interest from the DeFi community.

A multitude of analysts are voicing their support for the project, including notable figures such as KIFS Crypto, ClayBro, Austin Hilton, and 99Bitcoins.

With the presale nearing its conclusion, interested investors have limited time to participate.

Buy PEPU Here

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