Pepe Price Surges Over 15% With Meme Coin Traders Also Bullish on Dogeverse

But the positivity isn’t just around PEPE. Meme coin traders are also buzzing about the progress of Dogeverse’s (DOGEVERSE) presale – which has raised over $15 million in funding.

PEPE Price Rallies as Derivatives Traders Pile In

PEPE has been on fire lately, with its price now at $0.0000111.

Earlier today, PEPE came within striking distance of last week’s all-time high before experiencing a slight pullback.

But make no mistake, the momentum is still very much with the frog-themed token.

PEPE has decisively rejected the $0.0000090 level as support, which had also acted as stubborn resistance earlier this month.

The numbers don’t lie – spot trading volumes are up 177% to $2.2 billion in the past 24 hours.

That trading activity has pushed PEPE to become the 8th most traded crypto, flipping giants like Dogecoin and XRP along the way.

With over $122 million in open interest, just shy of March’s $126 million all-time high, it’s clear that derivatives traders are betting big on PEPE’s continued rise.

Additionally, the Long/Short ratio sits at 1.02, indicating that more traders hold long positions than short positions.

Ethereum ETF Hopes Boost Investor Sentiment

One of the main catalysts for PEPE’s run is the renewed bullishness around crypto in general after some promising developments on the spot Ethereum ETF front.

Word is that the SEC has been asking firms looking to list these ETFs to update and refile certain key documentation, called Form 19b-4 filings.

These filings are required to let the SEC know about proposed rule changes for new products like ETFs.

Having to resubmit this paperwork means the SEC is considering whether to greenlight a spot ETH ETF.

That has crypto analysts feeling much more optimistic – with some putting the odds of approval as high as 75%.

Getting a spot ETF for Ethereum, the world’s second-largest crypto, would be massive for the crypto industry.

It could open the floodgates for billions in institutional investment – much like the spot BTC ETFs did earlier this year.

As a result, it’s no surprise that meme coins like PEPE are feeding off this optimistic sentiment and rallying higher today.

Next Big Meme Coin? Multi-Chain Dogeverse Raises $15M in Presale

While PEPE has been surging, another meme coin is also generating massive hype – Dogeverse (DOGEVERSE).

This coin aims to be the world’s first truly multi-chain “Doge token,” available on leading blockchain networks like Ethereum, Binance Chain, Solana, Polygon, Avalanche, and Base.

With advanced tech like Wormhole, DOGEVERSE holders will have seamless interoperability between these six ecosystems.

According to Dogeverse’s whitepaper, the development team will initially launch the token on Ethereum.

But then they will expand rapidly, letting presale participants claim their tokens on whichever chain they prefer.

In addition to the cross-chain capabilities, Dogeverse’s team is adding more utility through staking rewards to incentivize holding.

At the time of writing, these staking rewards are set at 53% per year.

If that’s not enough, the team even has DEX listings lined up right out of the gate – with major CEX launches also in their crosshairs for later this year.

These listings are part of the team’s vision to become a meme coin “hub” that connects traders on different blockchains.

No wonder traders are rushing into the DOGEVERSE presale, as tokens are on offer for just $0.00031 each.

Over 12,00 people have also opted to join the project’s Telegram community.

So, while PEPE might be having a moment in the spotlight, Dogeverse is quietly building something special with its multi-chain approach and passive income potential.

Visit Dogeverse Presale

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