Binance has stirred excitement in the crypto community by expanding trade support for popular meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE). This strategic move is especially targeted at enhancing trading opportunities in the African market, allowing these tokens to be traded against several local fiat currencies.
In an official announcement from Binance P2P, it was revealed that traders can now engage with DOGE, SHIB, and PEPE against various African currencies such as ETB, GHS, KES, RWF, TZS, UGX, XAF, XOF, and ZAR. This new development opens the door for local payment methods, making it easier for millions of users to buy and sell these assets.
As news of these expanded offerings settled in, optimism rippled through the crypto crowd. Speculators are buzzing with the potential of a price rally, especially with sentiments pointing towards a bullish phase in 2025. Market participants have their eyes on how these changes might affect prices—could we be witnessing the beginning of a significant upswing?
Current Performance of Meme Coins
With Binance’s announcement, there has already been noticeable movement in the prices of these meme coins. Currently, the DOGE price has climbed by 1%, trading at $0.3382. Just this week, it has gained 7%, highlighting the growing interest.
Meanwhile, SHIB has jumped 2.5% intraday and is priced at $0.00002278. Its weekly chart shows a 5% increase, sparking interest from investors hoping to capitalize on the positive momentum.
Not to be left behind, PEPE has also seen an uptick, with a 0.5% increase bringing its price to $0.00002026. Remarkably, PEPE’s weekly performance showcases a tidy 14% gain.
What Lies Ahead?
The market seems primed for further gains linked to Binance’s enhanced trading capabilities. With the exchange solidifying its presence globally and recently obtaining regulatory approval in Brazil, the mood appears buoyant. Observers are hopeful as these developments may set the stage for a significant lift in asset values.
In summary, Binance’s latest move amplifies the visibility of meme coins like DOGE, SHIB, and PEPE. As they gain access to more trading pairs and the support of a major exchange, many are betting on a potential rally. The excitement in the air is palpable—could this be the moment for meme coins to shine even brighter? Only time will tell, but right now, the atmosphere among crypto enthusiasts is charged with anticipation.
