Pepe in a Meme World (PEW) is catching the interest of cryptocurrency traders as a newly launched memecoin in the speculative crypto ecosystem. The adaptable and dynamic memecoin caused a frenzy after listing on five centralized exchanges in one day, including HTX, MEXC, LBank, CoinEx, and BitMart.
We have listed $PEW on all major exchanges like GATE, HTX, BITGET, MEXC , LBANK, POLONIEX, etc in just 1-2 days.
— pepe in a memes world (@pewoneth) June 3, 2024
Meanwhile, despite existing for only a short period, PEW is already listed on several decentralized exchanges (DEXes). The multiple listings across different platforms make PEW accessible to many crypto traders, especially speculators who appreciate the potential benefits of memecoins.
As a result, the newly launched memecoin’s awareness among crypto users has skyrocketed, leading to increased adoption despite launching only a few days ago. PEW surged over 1,260% less than one week after launching, with the potential of reaching new highs as awareness increases.
In the typical behavior of newly launched memecoins, PEW retraced over 50% after the initial rally. However, TradingView’s data shows the crypto token encountered support around $0.00004219 earlier today and bounced to trade for $0.00005499 at the time of writing.
PEW’s price trend reflects the current investors’ outlook in the crypto market, especially with memecoins. Anticipating a significant bull run puts crypto speculators on the alert, exposing them to potentially profitable opportunities in the developing bull cycle.
Although past results do not guarantee future performance in the crypto market, the Fear Of Missing Out (FOMO) plays a significant role in speculative environments like the crypto market. Considering PEPE’s success in the last few months, many traders would target similar projects for potential profit, especially when such projects receive the kind of support observed with PEW, as noted with the multiple listings on CEXes and heightened awareness among crypto community members.
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