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Ethereum’s leading cryptocurrency Pepe has seen significant growth over the past week, rising by as much as 65% since hitting its local low.
Despite being down 3% today, the frog-themed meme coin is still up around 25% over the past seven days.
Experts remain largely optimistic about its long-term price potential, with many PEPE price forecasts expecting a new record high in August.
Pepe’s strength is a good indicator of other frog-themed tokens as well, as several of them have outperformed it in the short term.
There is also huge demand for a new coin that has been put up for pre-sale – Pepe Unchained – which reached $4 million in its initial offering yesterday. Analysts believe it is one of the PEPE alternatives that could generate 100x returns.
Baby Price Forecast for August
PEPE is down about 8% from its weekly high, largely due to weakness in the broader stock market.
However, the correction has not changed the experts’ optimism about the meme coin, and for good reason. Pepe remains the best cryptocurrency on Ethereum and shows a high degree of correlation with the second-largest cryptocurrency.
With Ethereum ETFs set to launch on July 23, Pepe is expected to be one of the cryptocurrencies that will benefit the most from potential ETH inflows. It is also expected to be one of the best performing cryptocurrencies during the upcoming “altcoin season,” especially once the ETH/BTC trading pair breaks the 0.06 level.
According to our Pepe price prediction, we expect the meme coin to flip its 10-week simple moving average before the weekly close, paving the way for a strong bullish continuation.
Most importantly, Pepe’s price is likely to hit a new all-time high in August, potentially reaching a market cap of $8 billion before the monthly close.
Are more frog coins expected to explode?
The meme coin market is entirely based on correlations. A rise in the price of Pepe is likely to provide a huge boost to other frog-themed coins.
For example, Bluntz (@Bluntz_Capital), a senior trader at Bybit, believes that PONKE could see a 100x growth in the coming weeks, highlighting its bullish price chart.
Similarly, another popular trader named FUD (@WhaleFUD) — who has over 417k followers on X — believes that MAPE is the best bet on PEPE. In fact, MAPE has surged by around 80% in the past 24 hours and by over 368,000% in the past week, according to data from DEXTools.
In fact, some of the biggest gainers and trending tokens on DEXTools are all the frog meme coins, including MOPE, PeiPei, and MOGGER.
However, some experts believe that Pepe Unchained could be a better alternative to PEPE.
Is Pepe Unchained the Next 100x Meme Coin?
Pepe Unchained (PEPU) has quickly caught the attention of meme coin enthusiasts, raising over $4 million in an ongoing presale.
Unlike some of the frog meme coins mentioned above, PEPU is not a copycat of PEPE. Rather, it has come up with an innovative approach that is expected to offer high staking rewards, low trading costs, and fast transactions.
In fact, Pepe Unchained has launched its own layer-2 chain, giving it an edge over most Ethereum meme coins. Low trading costs and high staking rewards are major draws for retail traders and could prove to be a game-changer in terms of its upside potential.
Pre-sale buyers can already start earning returns, which are currently at a high rate of over 400%.
Unsurprisingly, smart investors are bullish on its price potential, with some even predicting returns of up to 100x.
Visit Pepe Unchained Presale