The world’s largest crypto exchange, Binance, announced earlier today that it will provide trading capability for some of the most popular meme coins such as Doecoing (DOGE), Shiba Inu (SHIB) and Pepe Coin (PEPE) in the African region. The announcement led to a strong boost to all three meme coins as they gain more liquidity and access among global investors.
Crypto Exchange Binance Expands Offer to DOGE, PEPE and SHIB
Earlier today, peer-to-peer (P2P) exchange Binance officially announced that it will expand new trading pairs for DOGE, SHIB and PEPE in the African region for some selected fiat zones. Namely, DOGE, PEPE and SHIB token trading is now available against selected African fiat currencies, which may include ETB, GHS, KES, RWF, TZS, UGX, XAF, XOF and ZAR.
Binance’s huge user base will allow users to buy and sell these trading pairs directly through local payment methods such as its P2P division. This expanded trading functionality will improve accessibility while encouraging potential capital inflows into top meme coins and increasing their visibility in the global market. Consequently, traders and investors remain optimistic about the future price trajectories of these coins, fueled by expectations of a continuation of the growth cycle in 2025.
With the listing of Binance, investor sentiment for DOGE, SHIB and PEPE meme coins is likely to increase very quickly. This suggests that cryptocurrencies could be positioned for a potential upside in the near future.
All three meme coins rallied strongly
Just as Binance announced its decision to expand trading for these three meme coins, they all witnessed a strong surge. At press time, the price of Dogecoin (DOGE) is up 7.66% trading at $0.36 with a market cap of $53.4 billion. With today’s rally, DOGE has extended its weekly gains to over 16%. According to Coinglass, DOGE’s open interest also increased by 13%, while 24-hour liquidations rose to $7.61 million.
Similarly, DOGE rival Shiba Inu ( SHIB ) also rose 4.5% today to move to $0.00002369, extending its weekly gains to more than 10%. The excitement around SHIB comes as the Shiba Inu team prepares to launch the much-anticipated TREAT tokens this month, CNF reported.
On the other hand, Pepe Coin (PEPE) also gained 4% and is currently trading at $0.00002116 with a market cap of $8.89 billion. With today’s jump, PEPE’s price rally extended more than 20% on weekly charts, with analysts predicting a 1-cent rise in 2025, according to the CNF report.
