CandleFocus PEPE Coin The First Meme Coin To Trade In Japan: How Will Price...
2024-10-31
Author: Content Editor
BITPoint Japan has announced the listing of PEPE coin, making it the first meme coin available for trading in Japan. This represents a significant step in the mainstream adoption of meme coins globally. The exchange is introducing PEPE for spot trading, lending, and savings. Despite the listing, PEPE's market performance has been disappointing, with negative price movement over multiple timeframes. Technical indicators present mixed signals, but there are positive factors such as maintaining position above the breakout trend line. Analysts suggest a potential retest around support levels before a possible breakout. While the listing is a milestone for adoption, cautious sentiment among traders is evident. PEPE is currently the third largest meme coin by market cap, but it is still down by over 44% since its all-time high.
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