The popular Pepe coin has seen a massive surge, rising by 43% in just one week.
This strong performance has not only drawn renewed attention to Pepe herself, but also to other Pepe-themed coins.
A notable example of this is Pepe Unchained, which has already raised an impressive $4.5 million during its presale, highlighting the potential of Pepe-inspired projects in the meme coin market.
Pepe (PEPE) Price Analysis and Price Prediction
Pepe (PEPE) price has surged by a staggering 43% in a week, marking a major market breakout. This breakout is evident in the Pepe chart, which shows a major breakout scenario.
Despite not reaching the $0.00001324 peak, there is a strong indication of further upside potential for Pepe coin. If this upward momentum continues, the breakout scenario could happen again, which represents a promising opportunity for investors.
Currently, investors already have long positions in Pepe, where they have achieved multiple take profit levels with stop losses placed at the entry point, ensuring a safe position in the market.
When looking at the price action of the past day, a channel begins to form as the price continues to bounce between two trend lines. This often indicates that the trend will continue upward, as long as the price does not drop sharply below the lower line.
There is a chance of a slight price decline if Pepe drops below the trend line shown on the last hourly chart. Such a drop could take the price down to around $0.00001135. But even if that happens, it is unlikely to be a major setback. The overall sentiment towards Pepe remains positive.
Examining the weekly price chart, we see that the current price of Pepe is oscillating between its bear market low at $0.0000005817 and its recent peak at $0.0000169.
Interestingly, the 0.236 Fibonacci extension indicates a potential 3x increase in value, which would translate to a market cap of around $15 billion, putting Pepe closer to Dogecoin territory.
Pepe’s current market cap is $5 billion, already challenging established meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE). If it were to topple Shiba Inu’s $10 billion market cap, Pepe (PEPE) would only need to double its current value.
However, Dogecoin (DOGE), with a market cap of $19 billion, presents a more significant hurdle. To reach the top 10 cryptocurrencies, Baby would need to quadruple its market cap.
Given that Pepe appears to be undervalued and the market is looking good overall, this price target seems realistic, keeping the bullish outlook strong. For those looking for alternative investments, check out our 2024 guide to the best meme coins to buy.
Pepe Unchained: A New Layer 2 Blockchain Initiative With High Profit Potential
After the recent surge in Pepe’s price, a new project called Pepe Unchained is attracting attention in the crypto world. Investors are optimistic about its potential, with many considering it one of the best cryptocurrencies to buy right now.
Pepe Unchained’s initial sales are gaining significant momentum, averaging $150,000 per day. This strong momentum is reflected in the $4.5 million raised already, demonstrating sustained investor interest.
Great news on Saturday! We raised $4.5 million!
Pepe Unchained is breaking barriers and making waves 🐸⛓️ pic.twitter.com/3hK6JyGOy4
— Pepe Unchained (@pepe_unchained) July 20, 2024
The project offers a wide range of purchasing options including Ethereum (ETH), Tether (USDT), credit cards, and Binance Smart Chain (BNB), making it accessible to a wide audience.
However, be aware that purchases made using BNB during the presale are not eligible for the 414% annual staking rewards. Therefore, if you are planning to stake your tokens, it is recommended to purchase them using Ethereum (ETH) instead.
Thanks to an active and positive community, projects like Pepe Unchained that raise significant funds through pre-sales and maintain strong social engagement often see long-term success.
This success is especially true when backed by favorable market conditions and extensive media coverage from various crypto news outlets. This bodes well for Pepe Unchained’s future potential.
Pepe Unchained is a layer 2 blockchain protocol built on Ethereum, similar to the Base chain but with the distinct Pepe branding.
This project aims to bridge Ethereum and Pepe, offering the lowest transaction fees on the network and 100x faster transaction speeds compared to Ethereum. One of the standout features of Pepe Unchained is a custom block explorer, specifically for Pepe.
The project aims to host meme launches and meme coins on its blockchain, creating a vibrant ecosystem of meme-based assets.
Given Pepe’s strong association with memes, this project has the potential to succeed by leveraging Pepe’s iconic status in the meme world. To participate in the $PEPU token presale, visit pepeunchained.com.
Conclusion
At a time when leading cryptocurrencies are pointing to a potential uptrend, Pepe is emerging as a contender to reach an all-time high and perhaps even become the dominant meme coin.
While this goal remains ambitious, Pepe Unchained, a recently launched Pepe-themed coin, received significant interest from investors during its presale, surpassing $4.5 million.
It is worth noting that Pepe Unchained stands out from other coins by prioritizing utility, a trait absent from most Pepe-themed coins, including the original Pepe token.
This focus on utility positions Pepe Unchained as a potentially significant player with the potential to compete with established meme coins like Pepe.
If you’re interested in the best initial coin offerings (ICOs) of 2024, explore our comprehensive guide featuring the most promising options.