Analyst Says Pepe Could Pump in the Next Bull Run as Pepe Unchained Presale Raises $14.7M
One popular analyst has set their sights on Pepe (PEPE), believing the coin could pump in the next bull run.
At the same time, Pepe Unchained (PEPU) is continuing to impress in presale, having now raised over $14.7 million.
Analyst Predicts Price Explosion for Pepe Coin
In his recent YouTube video, PostyXBT gave a deep dive into why PEPE might be about to explode.
He described PEPE as the most memeable meme coin in existence, making it clear that the tokens hype isnt about fundamentals, but meme culture.
PostyXBTs statement is correct PEPE is currently the 3rd largest meme coin globally.
It has a circulating supply of 420.6 trillion tokens and a market cap of over $3.3 billion.
Only DOGE and SHIB are larger.
But PostyXBT thinks PEPEs market cap could be about to multiply.
He outlines three potential outcomes, with his realistic target being an 8x increase, which would put PEPEs market cap at around $25 billion.
That would also make PEPE the worlds largest meme coin.
While he admits this is speculative, the inverse head and shoulders pattern forming on the charts could be a bullish signal.
Overall, PostyXBT thinks PEPEs next big move might be right around the corner.
Q4 2024 Will Be Bullish, According to Top Analyst
PostyXBT didnt stop at PEPE.
He also shared his broader outlook on why hes bullish on crypto heading into Q4 2024.
He highlighted five key factors that have made him feel optimistic.
First up is the FTX repayment plan, which could pump around $1.5 billion back into the market a nice injection of liquidity.
Then theres the upcoming U.S. presidential election, where we might see the first pro-crypto president, with Trump showing interest in making the country a crypto hub.
Another big point is the Feds interest rate cuts.
PostyXBT believes these cuts will start boosting the crypto market in the final months of the year.
On top of that, he pointed out that Q4 is historically Bitcoins best-performing quarter, often kicking off previous bull runs.
And lastly, the planned release of Binance CEO Changpeng Zhao from prison could be the confidence boost the crypto community needs.
PostyXBT even mentioned the potential release of ChatGPT 5 which might spark renewed interest in AI cryptos.
All these factors paint a promising picture for investors.
Pepe Unchained Capitalizes on Shifting Sentiment & Passes $14.7M in Presale
Pepe Unchained is benefiting from all this bullishness.
With PostyXBTs optimistic outlook for Q4 and the excitement around PEPE, Pepe Unchained has surged, raising over $14.7 million in presale.
Thats a huge milestone and its clear this project is more than just another hype-driven meme coin.
Whats setting Pepe Unchained apart is its vision.
Its aiming to launch a new Layer-2 blockchain, Pepe Chain, to tackle Ethereums scalability issues.
That means faster, cheaper transactions something traders are hungry for.
And if thats not enough, Pepe Unchained also offers some enormous staking rewards, estimated at 142% per year.
Interestingly, presale investors can access this staking protocol right away.
That means investors are able to rack up extra PEPU tokens before the official exchange launch.
Members of Pepe Unchaineds Telegram channel are buzzed about this setup.
And with the project now gaining traction on Twitter, theres a growing belief PEPU could be the next meme coin success story.
YouTuber Meme Coin Max seems to think so.
In a recent video, he predicted that PEPUs price will 100x.
Although such a prediction is speculative, it shows just how much excitement there is around this frog-themed Layer-2 project.
Many are keeping an eye on it as we head into the final months of the year.
Disclaimer: The above article is sponsored content; its written by a third party. CryptoPotato doesnt endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.
Readers are also advised to read CryptoPotatos full disclaimer.
The post Analyst Says Pepe Could Pump in the Next Bull Run as Pepe Unchained Presale Raises $14.7M appeared first on CryptoPotato.
Text source: CryptoPotato
