Pepe shows bullish signs with over a 25% increase this past week, while Pepe Unchained passed $15 million in its presale, raising the question: Are frog meme coins back?
From a technical analysis standpoint, several indicators point to potential further gains for Pepe, making it a token worth keeping an eye on.
In addition, the project Pepe Unchained raised $15.5 million and aims to support the creation of meme coins while building a dedicated blockchain for Pepe.
Pepe (PEPE) price prediction
Pepe’s market cap is now at $3.44 billion, reflecting an 18.18% daily increase and signaling bullish momentum. Trading volume surged 70% in the last 24 hours, approaching $1.4 billion. This activity places Pepe as the 10th most traded cryptocurrency, despite being ranked 24th overall, showcasing the growing interest in the token.
Recent price action shows a macro downtrend on the daily charts, but recent movements indicate optimism. After reaching a low of $0.00000591 in early August, Pepe has consistently risen over the last three weeks, further confirming its bullish nature.
Potential breakout zones for Pepe are becoming clearer. A breakout in the coming days could trigger an 8% rise, targeting a previous unconfirmed lower high. If the token follows a key trendline and retests support, continued upward momentum could drive prices even higher.
A breakout along the macro trend could result in a 37.2% surge. Longer-term targets suggest a bullish outlook, with Fibonacci levels aligning with key support zones. This points to a potential 10% rise if current momentum holds.
Pepe’s long-term forecast indicates that the meme coin could retest its all-time high of $0.000017 by 2025. Achieving this will depend on a strong bullish return that could fuel a major rally, aligning with this month’s shift in market sentiment favoring the bulls.
Best frog-themed alternative: Pepe Unchained (PEPU)
A new project is getting a lot of attention by combining two popular trends in the crypto market: meme coins and layer-2 scaling solutions. Pepe Unchained (PEPU) has already raised $15.5 million in its presale, offering faster and cheaper transactions for meme coin traders.
During the presale, investors can buy $PEPU tokens at a fixed price of $0.00986 before they hit the open market. After the presale, the team plans to list the tokens on a DEX, followed by a CEX listing if everything goes as expected.
The team has made joining the Pepe Unchained presale easy. All investors need is a crypto wallet (like MetaMask) and some ETH, USDT, BNB, or a credit card. After the presale, participants can claim their $PEPU tokens. There’s also an option to stake these tokens during the presale, offering a current yield of 136% APY.
Pepe Unchained aims to stand out from other meme coins by building a layer-2 network called “Pepe Chain.” This network provides instant bridging to Ethereum, lower transaction fees, and speeds up to 100x faster than Ethereum. The team is also working on a custom DEX for Pepe Chain.
Pepe Unchained L2 Sneak Peek!
What we’re building is not just a new chain, but an entire ecosystem.
🐸Pepe Unchained L2
🐸Block Explorer
🐸DEX
🐸Bridge
🐸Advanced Analytics
🐸Builder Grants
Pepe Unchained is coming. And it’s going to shake up the crypto space. pic.twitter.com/ZVnvgO6MGF
— Pepe Unchained (@pepe_unchained) September 26, 2024
Recently, Pepe Unchained launched the “Pepe Frens with Benefits” grant program to reward developers building on the Pepe Chain. This initiative encourages the development of dApps, NFTs, and DeFi tools, ensuring a strong infrastructure at launch and boosting excitement. Applications for grants will open in Q4 2024.
Pepe Chain’s unique approach has gained a lot of attention online. The Telegram channel now has over 8,200 members, and the Twitter account has 19,300 followers.
With its successful fundraising and big plans, Pepe Unchained could bring strong returns. Analysts predict gains of 10x to 50x at launch, fueled by the excitement around the project.
To take part in the $PEPU token presale, visit pepeunchained.com.
Related
Meme Coin Market Surges Past $44 Billion as Pepe-Themed Token Presale Reaches $15 Million Milestone
PEPE Price Prediction – Could This Frog Meme Coin Deliver a 10x Return by the End of 2024?
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