Robinhood Crypto Europe supports Pepe (PEPE) with easy transactions and a 1% deposit bonus, sparking hopes for a surge.
Robinhood Crypto Europe recently announced their support for the popular meme cryptocurrency known as Pepe (PEPE). This support will enable users to withdraw and deposit the token without any hassle on the platform.
Customers can also earn a 1% deposit bonus when they transfer PEPE through the official app for a limited time. This provides an additional incentive for supporters of the meme-based cryptocurrency who are hoping that the price of PEPE will skyrocket in a manner comparable to that of Dogecoin.
This update is an additional step in the larger strategy that the exchange is implementing to increase the accessibility of cryptocurrencies. In addition, the company has just introduced new features for its European users, which make it possible to transfer cryptocurrency across international borders both into and out of the app.
As it speeds up its attempts to expand internationally, these new capabilities underscore the company’s devotion to expanding its crypto services and offering a more robust experience for its user base around the globe.
Robinhood Crypto Now Supports Deposits, Withdrawals of Popular Memecoin Pepe
Robinhood Crypto has announced that users can deposit and withdraw the popular Pepe memecoin ($PEPE) and receive a 1% deposit bonus for a limited time. This promotion will begin today. Will it replicate the recent surge in Dogecoin’s value? Only time will tell.
On February 14, Robinhood Crypto EU first offered the cryptocurrency known as Pepe for trading, sparking an immediate 15% price surge. The listing of Pepe fueled confidence among analysts over the long-term prospects of the cryptocurrency, as interest in meme-based assets continues to expand throughout the world.
Since its initial listing on the market, PEPE has attracted attention due to its turbulent yet promising market activity. Analysts have been closely monitoring the situation and hypothesized that the exchange’s support could enhance its visibility and adoption.
This latest acquisition highlights the platform’s commitment to harnessing the growing demand for meme coins in the cryptocurrency sector, a trend that continues to gather traction among traders and enthusiasts alike.
Will PEPE Simulate Dogecoin Price Rally?
The platform is expanding its cryptocurrency offerings right now, and this recent addition highlights that commitment. Specialists in cryptocurrency believe that the current presidential election season in the United States presents a favorable opportunity for Pepe coin.
Recent forecasts for the Pepe currency indicate that it may experience a price increase of up to 1,400%. Waleed.Eth, a cryptocurrency specialist, conducted an analysis and found that the Pepe coin’s price motion follows a wave pattern similar to the bull run that took place from February to May 2024.
During the writing of this article, the estimated price of the popular memecoin was $0.0000082672984, indicating a rise of 1.36%.On the other side, the price of DOGE is currently trading close to the $0.15 level, which is an important support level that, if the bulls are successful, could lead to more rallying toward the $0.20 level.
This is not a single instance; rather, it is a part of a pattern that is occurring across all altcoins at a time when the cryptocurrency market appears to be finally gaining its footing. In a recent tweet, the Italian crypto-analyst Eliz expressed a cautiously hopeful appraisal of the situation.
Due to a period of significant volatility, he stated that the majority of the major alternative cryptocurrencies may be preparing for a temporary bottom. He believes that this bottom formation has the potential to establish a pattern that signals the entry of alternative cryptocurrencies into their recovery phase.
EU Customers to Gain More Control Over Their Crypto
Furthermore, the upcoming week is favorable for the market as a whole.While he anticipates greater possibilities, he also cautions investors to exercise caution, as volatility may be present. Starting October 1, Robinhood will allow European users to transfer cryptocurrency into and out of its app.
This will allow Robinhood to expand its product capabilities in the region as it expands its operations abroad. Because of this decision, users in the European Union will be able to trade over twenty different digital currencies, including popular cryptocurrencies such as Bitcoin and Ethereum, as well as memecoins such as Dogecoin and PEPE.
As a result of this development, the exchange now provides European users with the opportunity to “self-custody” their assets and take complete possession of their cryptocurrency holdings in a personal wallet, rather than relying on third-party platforms for services.
The addition of the PEPE transfer capability is indicative of Robinhood Crypto’s renewed momentum among the meme coins. We achieve this by offering incentives to users to engage with the platform.
The company may embark on a new chapter, focusing on robust and user-oriented products and services, now that the legal framework has undergone positive adjustments.
