Binance has recently expanded its support for Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE Coin, with a focus on the African market. Will this move drive meme coin prices higher?
Key Highlights:
- Binance broadens trading options for Dogecoin, Shiba Inu, and PEPE Coin.
- The exchange enables trading of these tokens against various African fiat currencies.
- Investors speculate potential price increases for these assets following the update.
On Friday, Binance stirred excitement within the crypto sector by unveiling new trading options for popular meme coins DOGE, SHIB, and PEPE. The expansion specifically enhances trading pairs in Africa, allowing users to trade these tokens against local currencies such as ETB, GHS, KES, RWF, TZS, UGX, XAF, XOF, and ZAR.
The expanded offerings, available through Binance’s P2P platform, make it easier for users to buy and sell using local payment methods. This increased accessibility is expected to boost the visibility and liquidity of the meme coins, fueling optimism about their future price movement.
Market Performance of Meme Coins:
- Dogecoin (DOGE): Up 1% to $0.3382, with a 24-hour range of $0.3351 to $0.3442 and weekly gains of 7%.
- Shiba Inu (SHIB): Up 2.5% to $0.00002278, with a 24-hour range of $0.00002215 to $0.00002294 and a 5% increase over the week.
- PEPE Coin: Up 0.5% to $0.00002026, with a 24-hour range of $0.00002008 to $0.00002113 and a 14% weekly gain.
The expansion of trading options by Binance is fueling speculation of further price gains for these meme coins. Additionally, Binance’s recent regulatory approval in Brazil highlights its ongoing efforts to strengthen its global presence, particularly in emerging markets, further cementing its leadership in the crypto space.
