Months after PDAX, the licensed crypto exchange that powers GCash’s crypto spot trading, introduced the meme coin PEPE, GCrypto followed suit by listing the token on November 28, 2024
- GCash also recently added TRX, the native cryptocurrency of Tron, and the Solana meme coin WIF to its lineup.
What’s the significance: The listing of PEPE, Tron, and WIF on GCrypto offers crypto traders more accessibility and convenience in trading popular coins.
Key Details: The addition brings the total number of available cryptocurrencies on GCrypto to 42.
What is PEPE: Inspired by the meme frog Pepe, $PEPE is a meme-based cryptocurrency on the Ethereum blockchain. It was launched in April 2023 and quickly reached a $5 billion market cap with a highly active community.
- All-Time High: ₱0.001626 (December 9, 2024)
- All-Time Low: ₱0.000003088(April 18, 2023)
- Price and 24-Hr Movement: ₱0.001384 (-5.2%) [As of December 13, 2024]
- Market Cap: ₱582.35 billion with 420.69 trillion total supply.
- Rank: #25 on CoinGecko
What is TRX: Tron ($TRX), launched in 2017, focuses on user experience by adopting established blockchain features. It is known for its Asia-centric marketing led and founded by Justin Sun and gained prominence in 2018 with the Tron Foundation’s acquisition of BitTorrent.
- All-Time High: ₱25.21 (December 4, 2024)
- All-Time Low: ₱0.09241 (November 12, 2017)
- Price and 24-Hr Movement: ₱17.18 (+3.3%) [As of December 13, 2024]
- Market Cap: ₱1.48 trillion with unlimited total supply.
- Rank: #11 on CoinGecko
What is WIF: Dogwifhat ($WIF) is a meme-inspired cryptocurrency on the Solana blockchain, known for its vibrant community and playful branding. It is the first meme coin to reach $1 in price.
- All-Time High: ₱271.02 (March 31, 2024)
- All-Time Low: ₱0.0872 (December 13, 2023)
- Price and 24-Hr Movement: ₱172.07 (-5.1%) [As of December 13, 2024]
- Market Cap: ₱171.83 Billion with 998,926,392 total supply.
- Rank: #61 on CoinGecko
How to Trade Crypto at GCrypto:
- Step 1: Open GCrypto in your verified GCash account.
- Step 2: Make sure your wallet has enough funds (top-up via GCash with no fees).
- Step 3: Choose your cryptocurrency.
- Step 4: Select “Buy.”
- Step 5: Enter the amount in PHP or crypto to buy
- Step 6: Review the details of purchase.
- Step 7: Confirm the price before finalizing.
- Step 8: To buy, go to the same page of the cryptocurrency.
- Step 9: Select “Sell.”
- Step 10: Enter the amount to be sold.
- Step 11: Confirm the transaction.
- Step 12: Withdraw funds from GCrypto to GCash wallet.
Other Coins in GCrypto:
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USDT)
- USD Coin (USDC)
- Uniswap (UNI)
- Chainlink (LINK)
- Aave (AAVE)
- Basic Attention Token (BAT)
- The Graph Token (GRT)
- Enjin (ENJ) (Note: Buy function is currently not available for ENJ)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- Avalanche (AVAX)
- Polygon (MATIC)
- Polkadot (DOT)
- Axie Infinity Shards (AXS)
- Smooth Love Potion (SLP)
- Cardano (ADA)
- Solana (SOL)
- Binance Coin (BNB)
- Stellar (XLM)
- SushiSwap (SUSHI)
- Ripple (XRP)
- Pax Gold (PAXG)
- Shiba Inu (SHIB)
- ApeCoin (APE)
- USDT (Tron)
- Tezos (XTZ)
- Hedera (HBAR)
- Ronin (RON)
- DogeCoin (DOGE)
- Paypal USD (PYUSD)
- Toncoin (TON)
- USD Coin (USDCSOL)
- USDTTRX
- Yield Guild Games Coin (YGG)
- Optimism (OP)
- Near Protocol Coin (NEAR)
- Celo (CELO)
Worth Reading:
- Earlier this year, GCrypto listed the OG memecoin Dogecoin (DOGE) on its platform.
- $TRX surged to an all-time high of $0.4313 with a market cap exceeding $35.1 billion, driven by liquidity shifts from Bitcoin into legacy projects like XRP and Cardano, alongside momentum from meme coins on the Tron network.
- Last June, PDAX previously listed PEPE.
Between the Lines.: The addition of PEPE and WIF to GCrypto highlights the rising trend of meme coins gaining traction in major platforms, as well as their role in bridging casual investors to the crypto ecosystem.
- However: Despite its popularity, PEPE and similar memecoins remain speculative investments, with high volatility and risks.
- Remember: New investors should exercise caution and conduct thorough research before committing funds.
Worth reading: This year, a CoinGecko study ranked the Philippines third globally in enthusiasm for low-cap tokens, behind only the U.S. and the United Kingdom. Accordingly, BitPinas interviewed Filipino Degens on as to why Filipinos embrace high-risk crypto investments.
This article is published on BitPinas: GCrypto Lists PEPE, TRX, and WIF, Expanding to 42 Cryptocurrencies
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