Robinhood Adds Pepe Coin to Crypto Transfers, Will It Mirror Dogecoin Rally?

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As a seasoned crypto investor with over a decade of experience navigating the ever-changing landscape of digital assets, I can’t help but be intrigued by Robinhood Crypto’s latest announcement supporting deposits and withdrawals for the popular memecoin Pepe ($PEPE). Having witnessed the meteoric rise of Dogecoin, I can’t help but wonder if this could be another opportunity to ride a similar wave.

Robinhood Crypto Europe has recently added support for the well-liked meme coin, Pepe (PEPE), enabling users to easily move this token in and out of their accounts on its system. As a special promotion, users transferring PEPE via the official app will receive a 1% bonus deposit for a brief period, making it more attractive for fans of the meme-inspired cryptocurrency who anticipate that the PEPE value may surge like Dogecoin.

This latest development is part of our exchange’s ongoing plan to make cryptocurrencies more accessible. Not long ago, we introduced capabilities specifically for our European clients, allowing them to easily perform cross-border crypto transactions within and outside the app. These additions underscore our commitment to growing our crypto offerings and enhancing the experience for our global users as we continue our push towards international growth.

Robinhood Crypto Now Supports Deposits, Withdrawals of Popular Memecoin Pepe

Beginning from now on, Robinhood Crypto is making it possible for users to deposit and withdraw the well-known Pepe meme token ($PEPE). For a short period, there’s a 1% bonus given on deposits. Whether this will mirror the Dogecoin recent surge – only time can say.

Initially debuting on Robinhood Crypto EU on Valentine’s Day, the popular “meme coin” Pepe experienced a 15% surge in price right away. This listing sparked optimism among analysts regarding Pepe’s long-term prospects, as there remains growing interest in assets tied to memes.

$PEPE transfers are LIVE on Robinhood Crypto.

Withdraw + Deposit #PEPE, and get PEPE rewards with our 1% deposit bonus for a limited time.

Terms apply. Learn more: #RobinhoodOnchain

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

Ever since it first appeared on the market, PEPE has garnered interest due to its unpredictable yet potentially lucrative market behavior. Analysts are keeping a keen eye on it, speculating that increased backing from exchanges might enhance its prominence and wider acceptance.

With each new cryptocurrency it introduces, the platform underscores its dedication to meeting the rising interest in meme coins within the crypto market. This burgeoning trend, increasingly popular among both traders and enthusiasts, shows no signs of slowing down.

Will PEPE Simulate Dogecoin Price Rally?

With the US presidential election season heating up, crypto experts are highlighting a favorable scenario for the Pepe Coin. Recent projections suggest that it could potentially skyrocket by an astounding 1,400%. Notably, analyst Waleed.Eth observes a comparable wave pattern in the price trend of Pepe Coin, suggesting a bullish run from February to May 2024.

presently, the value of the widely recognized meme token was approximately 0.0000082672984 USD, showing an increase of 1.36% at the point of composition.

Contrarily, DOGE is maintaining itself near the $0.15 mark, a significant support point that could potentially spur additional gains up to $0.20 if the bulls prevail. This isn’t an exceptional scenario but rather reflects a broader trend among altcoins, as it appears the crypto market is finding its ground at long last.

Lately, Italian crypto-expert Eliz has expressed a cautiously positive outlook on Twitter. He stated that “Many prominent altcoins might be preparing for a short-term base following a rather turbulent phase.

He believes that the recent base structure could signal a recovery period for altcoins, and the upcoming week looks promising for the market as a whole.

He mentioned that there could be better opportunities ahead, but at the same time, he advised investors to stay cautious as volatility might still be present.

EU Customers to Gain More Control Over Their Crypto

Beginning October 1st, Robinhood unveiled an important achievement for its European user base: From this moment onward, they can now move cryptocurrencies into and out of their app, thereby expanding the platform’s functionalities in the region as it expands worldwide. This action will enable EU users to trade more than 20 different digital currencies, which include prominent cryptos such as Bitcoin, Ethereum, along with memecoins like PEPE or Dogecoin.

Due to the recent upgrade, the platform now enables European users to manage and store their cryptocurrencies directly in their own wallets, thereby assuming complete control over their digital assets without depending on external service providers.

The inclusion of PEPE transfer support indicates a surge in energy for Robinhood Crypto, particularly for meme coins, as it encourages user interaction with the platform. This could be the start of a fresh phase for the company, now that they can focus on robust and user-friendly services, thanks to a more favorable regulatory landscape.

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2024-11-04 18:54