Binance has announced a new trading pair for Pepe Coin, PEPE, on its P2P platform for users in the Middle East and North Africa (MENA) region.
As per the official announcement, it will allow PEPE to trade with local currencies in the MENA region, which has increased the token’s market exposure, boosting optimism for its future. With a large user base now able to trade PEPE through new pairs, demand is expected to rise, strengthening the coin’s market position.
This comes at a time when the broader crypto market is recovering, adding to the positive outlook for the frog-themed meme coin.
Despite a recent report of a massive 588 billion PEPE deposit by a large investor, traders remain optimistic, supported by strong market indicators suggesting further growth for the token.
After this, PEPE has seen increased interest from investors, who are anticipating price growth as the crypto market recovers. At the time of writing, PEPE’s price is $0.00002009, with a 9.5% increase over the past week.
Market expert Max, CEO of BecauseBitcoin, recently shared a positive outlook for Pepe Coin on X. He pointed out a “bullish compression” pattern on the Coinbase chart, suggesting the potential for a price breakout. However, this optimism depends on Ethereum (ETH) staying stable.
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