Binance expanded support for Dogecoin, Shiba Inu, and PEPE Coin in Africa. Will this drive meme coin prices higher?
On Friday, Binance, a cryptocurrency exchange, once again reflected the broader sector’s enthusiasm by expanding its trade offerings for several of the most prominent meme coins.
The company has announced that it will increase its support for Dogecoin (DOGE), Pepe Coin (PEPE), and Shiba Inu (SHIB) tokens, with the primary objective of improving trade offerings in the African region, this is notable.
Consequently, crypto market participants are speculating about the potential positive impact of the enhanced offerings on future prices.
Binance Revives Optimism By Broadening Trade Offerings For DOGE, PEPE, SHIB
Binance P2P has made an official announcement regarding the expansion of its support for new trading pairs in specific fiat zones throughout Africa.
In particular, trading for DOGE, PEPE, and SHIB tokens is now permitted against specific African fiat currencies.
ETB, GHS, KES, RWF, TZS, UGX, XAF, XOF, and ZAR are potential fiat currencies.
The P2P division of the platform is equipped with a vast user base that is prepared to purchase and sell these trading pairings directly through a variety of local payment methods.
In general, the improved trade offerings facilitate additional capital inflows into the best meme coins by increasing their global market visibility.
Consequently, traders and investors continue to express optimism regarding the currencies’ future price movements, which is bolstered by the expectation of a bull cycle continuation in 2025.
Meanwhile, the sentiment of investors is frequently bolstered by the positive or expanded offerings of prominent crypto exchanges such as Binance.
However, it seems that the extended offerings are preparing the cryptocurrencies for a potential rally in the future.
How Are Meme Coins Performing?
Today, the price of DOGE increased by 1% and was trading at $0.3382 in conjunction with Binance’s announcement.
The 24-hour low and high of the coin were $0.3351 and $0.3442, respectively. It is important to note that the token’s weekly chart demonstrated gains of 7%.
Concurrently, the price of SHIB increased by 2.5% intraday and is currently trading at $0.00002278.
The 24-hour low and high of the coin were $0.00002215 and $0.00002294, respectively.
It is intriguing that the weekly chart of the Shiba Inu also showed gains of 5%.
Finally, the most recent PEPE price indicated a 0.5% increase to $0.00002026.
The 24-hour low and high of the coin were $0.00002008 and $0.00002113, respectively. The weekly chart of the meme coin with a frog theme showed gains of 14%.
In general, market observers anticipate that the assets will experience additional gains, which are predominantly due to the improved trade offerings of Binance.
Additionally, the crypto exchange achieved significant regulatory approval in Brazil, which is yet another remarkable story.
In general, the foremost cryptocurrency exchange is bolstering its position in the industry by expanding into emerging markets and providing innovative trade offerings on a global scale.
