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Robinhood Crypto Announces Support For PEPE, Price To Rally?

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5 months ago

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Robinhood Crypto Europe has just announced support for the popular meme token, Pepe (PEPE), allowing users to withdraw and deposit the token seamlessly on its platform. For a limited time, customers can also earn a 1% deposit bonus when they transfer PEPE through the official app, adding extra incentive for enthusiasts of the meme-based cryptocurrency who  hope the PEPE price could rocket similar to Dogecoin.

This update marks another step in the exchange’s broader strategy to enhance crypto accessibility. Recently, the company also unveiled new functionality for its European customers, enabling cross-border crypto transfers in and out of the app. These new features highlight it’s dedication to expanding its crypto services and providing a more robust experience for its global user base as it ramps up its international expansion efforts.

Robinhood Crypto Now Supports Deposits, Withdrawals of Popular Memecoin Pepe

Starting today, Robinhood Crypto has announced that users can deposit and withdraw the popular Pepe memecoin ($PEPE) and earn a 1% deposit bonus for a limited time. Will it mimic the Dogecoin recent rally – time will tell.

Known as a “meme coin darling,” Pepe was first listed for trading on Robinhood Crypto EU on February 14, which triggered an immediate 15% price rally. This listing fueled optimism among analysts about Pepe’s long-term potential as interest in meme-based assets continues to grow.

Since the initial listing, PEPE has drawn attention for its volatile yet promising market activity. Analysts have been watching closely, suggesting that the exchange’s support could further boost its visibility and adoption.

As the platform expands its crypto offerings, this recent addition emphasizes its commitment to capturing the growing demand for meme coins in the crypto space, a trend that continues to gain momentum among traders and enthusiasts alike.

Will PEPE Simulate Dogecoin Price Rally?

Now that the US presidential election season is in high gear, crypto analysts are pointing out a bull case for Pepe coin. Recent Pepe coin prediction shows that it could surge as high as 1,400%. Crypto analyst Waleed.Eth looks at a similar wave pattern in the Pepe coin price action, which indicates the bull run from February to May 2024.

At the time of writing, the price of the popular memecoin hovered around $0.0000082672984, rising by 1.36%.

DOGE, on the other hand, is hovering around the $0.15 level, a crucial support level that may inspire further rallying toward $0.20 if the bulls have their way. This is not an isolated case but rather part of an altcoin-wide trend as the crypto market finally seems to be getting its footing.

Recently, Italian crypto-analyst Eliz has given a guardedly optimistic assessment on Twitter. He said, “Most of the major altcoins could be setting up for a temporary bottom after a pretty turbulent period.”

According to him, this bottom formation may set a pattern indicating that altcoins enter their recuperative phase, and for the market in general, the week ahead is great.

While he expects better prospects, he also said investors should be wary because volatility may be there.

EU Customers to Gain More Control Over Their Crypto

On October 1, Robinhood announced a significant milestone for its European customers: Starting immediately, they can transfer cryptocurrencies in and out of its app to broaden product capabilities in the region as it grows globally. The move will see users in the EU trade over 20  digital currencies, including leading crypto like Bitcoin, Ethereum but also memecoins like PEPE or Dogecoin.

Because of this update,  the exchange effectively offers a way for European customers to “self-custody” their assets and take full ownership of their crypto in a personal wallet rather than relying on third-party platforms for services.

The added support for transferring PEPE also signals an uptick in the renewed momentum of Robinhood Crypto amid the set of meme coins through incentivizing engagement with the platform. This may mark the beginning of a new chapter for the company, finally focusing on solid and user-oriented, now that the regulatory environment has been positively shaped.

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Teuta

Teuta is a seasoned writer and editor with over 15 years of experience in macroeconomics, technology, and the cryptocurrency and blockchain industries. Starting her career in 2005 as a lifestyle writer for Cosmopolitan in Croatia, she expanded into covering business and economy for several esteemed publications like Forbes and Bloomberg. Influenced by figures like Don Tapscott and Bruce Dickinson, Teuta embraced the blockchain revolution, believing crypto to be one of humanity’s most crucial inventions. Her fintech involvement began in 2014, focusing on crypto, blockchain, NFTs, and Web3. Known for her excellent teamwork and communication skills, Teuta holds a double MA in Political Science and Law, enjoys punk rock, chablis, and has a passion for shoes.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Cardano Price Can Clinch $1 As It Eyes Bounce From New Support Zone

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1 hour ago

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April 4, 2025

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While predictions for Cardano to $1 may seem like a far cry, a cryptocurrency expert has injected new life into the claims. Cardano’s price is headed below 50 cents in search of a new support zone that can serve as a springboard to reach new highs.

Cardano Price Can Still Clinch $1 Despite Price Slump

Market technician Jonathan Carter in an analysis on X predicts that Cardano’s price can reclaim the $1 price point in the coming months. According to Carter, the recent ADA correction will not be a hindrance for Cardano’s price to reach $1.

ADA has lost a jarring 13% over the last week and trades at $0.64 in an unremarkable week for the cryptocurrency. On the daily charts, prices have generally moved sideways, underscoring a lack of investor enthusiasm.

For Carter, Cardano’s recent decline has seen it fail to stay above the $0.65 support level. The analyst opined that a downtrend is the offing for the Cardano price that could see a new support zone of $0.59. Carter says the new $0.59 support zone will hurl Cardano price to reach $1.

cardano headed toward new support levelcardano headed toward new support level

“Despite the long correction, the price still has a chance to bounce off this support and rise towards $1,” said Carter. “Otherwise, we will fall to the lower border of the broadening wedge.”

While some investors are eyeing an ADA bounce to $0.70, a plausible play will be a slump below $0.60 before the start of a rally.

A Slew Of Positives For ADA

Despite the pervading negative sentiment around ADA price, the cryptocurrency has a wave of positive fundamentals going for it. Cardano price spiked following Charles Hoskinson’s confirmation of Ripple’s RLUSD on ADA.

Furthermore, Charles Hoskinson reveals that Cardano will play a major role in Bitcoin decentralized finance (DeFi) application. In more positive technicals, Cardano price is forming a cyclical pattern from 2024 that can send prices to astronomical proportions in May.

While the prediction pegged prices at $2.5, optimists say ADA price to $10 is not a crazy hypothesis. The report cites present solid fundamentals and ADA’s over 1,000% spike to set its all-time high back in 2021 as pointers for the seismic rally to $10.

 

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Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Expert Reveals XRP Price Could Drop To $1.90 Before Rally To New Highs

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4 hours ago

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April 3, 2025

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Crypto analyst CasiTrades has provided a roadmap for the XRP price, revealing what could happen before the altcoin reaches a new all-time high (ATH). Based on her analysis, XRP could still witness a price decline before it potentially rallies past its current ATH of $3.4.

XRP Price Could Drop To $1.9 Before Rally To New Highs

In an X post, CasiTrades stated that in the event of a deeper flush, the XRP price could wick down to $1.90, suggesting that the altcoin could visit this low before it rallies to new highs. She believes XRP will ideally hold above this $1.90 and avoid dropping to new lows.

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The crypto expert noted that the next move is critical. She claimed that if XRP gets that flush with bullish RSI divergence, it could mark the bottom before the altcoin rockets into Wave 3. However, CasiTrades warned that a break below $1.90 could force a reset of the entire new trend count.

Meanwhile, there is still the possibility that the XRP price might not drop to as low as $1.90. CasiTrades stated that $1.95 is the prime target, with subwaves heavily aligning there and a drop to $1.90 only likely to occur in the event of a deeper flush.

It is worth mentioning that US President Donald Trump recently announced reciprocal tariffs on all countries, a move which is set to ignite a global trade war and is bearish for XRP and the broader crypto market. As such, this development could be what sparks the deeper flush and send the altcoin to as low as $1.90.

A Drop To $1.4 Is Also The Cards

In an X post, crypto analyst Brandon asserted that the XRP price is about to have a massive breakout, to the downside. His accompanying chart showed that XRP could drop to as low as $1.4.

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On the other hand, crypto analysts such as Ali Martinez have provided a bullish outlook for the XRP price. In an X post, he stated that XRP could be setting up for a rebound. The analyst further remarked that the altcoin is holding above $2 while the TD Sequential flashes a buy signal.

ImageImage

Crypto analyst Javon Marks also recently predicted that Ripple’s coin could surge 44x and reach as high as $99. He alluded to the 2017 bull run as the reason why he is confident that the altcoin could record such a parabolic rally.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Here’s Why Is Shiba Inu Price Crashing Daily?

Published

5 hours ago

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April 3, 2025

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Shiba Inu price is on a strong bearish trend, with price indicators recording losses in all time frames. The highly popular meme token now threatens to add an additional zero to its value if the current bear run continues for much longer. Even with Shibarium, SHIB’s layer-2, reaching the milestone of 1 billion transactions recently, the token’s price has not responded positively to this milestone.

Falling Shiba Inu Price Affects Holder Profitability

According to current data, SHIB is down 4.6% in the past 24 hours, 14.7% over seven days and a substantial 54.9% over the past year.

Shiba Inu price performance, Source: CoinGecko

The current context for the SHIB price appears tough for the majority of investors. Based on on-chain analytics, 62% of SHIB investors are at the moment in a loss, while merely 34% are in profit and 4% are breaking even as per IntoTheBlock data.

SHIB has fallen 85.9% from its all-time high of $0.00008616 on October 28, 2021, over three years ago. This extended period of decline has made many of the investors who bought during the bull run in 2021 underwater on their holdings.

The token reflects a high ownership concentration with 74% of SHIB owned by major holders. The concentration may be behind price volatility. This is due to the fact that the moves by the large holders tend to have disproportionate impacts on the market. Major volume trading in the last week has hit $184.02 million which indicates sustained activity even as the price goes down.

Shibarium Milestone Fails To Reverse Trend

Despite Shiba Inu’s layer-2 scaling solution, Shibarium recently achieved a major milestone of 1 billion transactions. However, this accomplishment has not translated into positive price action for SHIB. This disconnect between ecosystem development and token price shows the current market’s focus on overall trends rather than project-specific achievements.

Shibarium is a key component of the Shiba Inu ecosystem that focuses on reducing transaction fees, increasing processing speed, and enabling more advanced applications within the SHIB ecosystem.

The continued negative price action despite reaching such a substantial transaction milestone raises questions about what catalysts might eventually reverse SHIB’s downward trend.

Will Shiba Inu Token Burns Aid In Price Pump?

The Shiba Inu community has historically highlighted token burns as one possible method of driving scarcity and price support. Recent burn behavior has been spotty and inadequate to have any real effect on the enormous Shiba Inu token supply.

After a recent spike in burn rate of more than 12,000%, the last 24 hours have seen the burn rate decline by 60%. During this period, only 37.6 million SHIB tokens were removed from circulation as per Shibburn data.

Token burns continue to be a mainstay narrative among the SHIB community. However, the volume of burning has to rise in order to have an effect on the token’s supply that can be measured. The 17.88% hike in trading volume in the last 24 hours to $311.14 million gives some indications of market action. This potentially could be being driven by the larger holders stockpiling at lower prices.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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