Crypto Analyst Says New Meme Coin Pepe Unchained Could Challenge Pepe, Dogecoin
Pepe Unchained is in contention to become the top meme coin, potentially overtaking the industry titans like Pepe and Dogecoin.
These are the thoughts of popular crypto analyst ClayBro, who hailed Pepe Unchaineds ($PEPU) rapid momentum and utility-rooted use case as reasons it could outdo the current meme coin frontrunners.
ClayBro says $PEPU is Set Apart by its Presale Home Run
The crypto market is going through a brutal period in terms of fear, yet Pepe Unchained is able to raise money, theyre able to sell out theyre doing something no other presale can, said ClayBro.
Pepe Unchained has raised over $12.5 million throughout its presale, making it one of the most successful campaigns of 2024.
Considering crypto prices have been crashing almost the entirety of the presale, ClayBro thinks the project has significant potential.
While most cryptocurrencies fold under bearish momentum, investors have accumulated Pepe Unchained without flinching.
According to ClayBro, Pepe Unchained is on track to become the top meme coin.
Whats driving this interest? It all comes down to its use case.
Pepe Unchained: the First Pepe-Themed Token With a L2 Blockchain
Layer 2 blockchains have changed the way users interact with Ethereum. They no longer bid for limited block space on the congested main network. Instead, they use connected offshoot chains (layer 2s) that are faster and cheaper.
Now, users can transact in the Ethereum ecosystem without worrying about the previously exorbitant gas fees its a game changer.
But imagine packing that innovative utility behind the viral face of Pepe coin. Thats what Pepe Unchained will be.
It claims to offer lower fees and 100x faster speeds than Ethereum, and its focus on meme coins opens up a wide range of new potential use cases.
While meme coins like Dogecoin and Pepe rely purely on vibes and community spirit to boost their prices, Pepe Unchained is underpinned by tangible utility.
Its a clear distinction from its peers and a narrative investors are getting behind.
$PEPU Staking Offers 162% APY, 20x Higher Than ETH Staking
More good news for Pepe Unchained holders $PEPU staking is far more lucrative than the market average.
Currently, $PEPU staking offers returns as high as 162% APY. In comparison, ETH staking offers up to 7% APY.
And with ETH staking, users must host their own node or delegate to someone else. Either way, the take-home profits work out even less. But thats not the case with Pepe Unchained.
However, the staking rewards are capped at 30% of the total $PEPU supply.
This means rewards will decrease over time, incentivizing prospective investors to act early.
Simultaneously, the Pepe Unchained presale price will gradually increase, with the next uptick in just over one day.
Bull Market is Back on Expect an Uptick in $PEPU Presale Momentum
If Pepe Unchained could raise $12.5 million in bearish conditions, imagine what it would do in a bull market.
Traders have rallied behind its novel use case.
The crypto market cap has jumped 3.09% today as traders spot a higher low on the Bitcoin price chart. This typically indicates a trend reversal, shifting from bearish to bullish.
Causally putting in its first higher low in almost 200 days
Potential rate cuts next week
Fear & greed extreme fear
Bottom signals flying left and right.
Time to pray. pic.twitter.com/hvaMWYkb2h
cousin crypto (@cousincrypt0) September 9, 2024
It comes amid expectations of a tailwind from favorable macroeconomic changes. Goldman Sachs anticipates three consecutive 0.25% interest rate cuts through 2024, which would drive more liquidity into risk-on asset classes like cryptocurrencies.
Goldman Sachs, $GS, expects the Federal Reserve to initiate a series of three consecutive 25 basis-point rate cuts in September, November and December.
unusual_whales (@unusual_whales) August 29, 2024
But its meme coins taking center stage the sectors total market cap has surged 7.5% today.
As the market regains strength, Pepe Unchained could be about to experience its first-ever bull market rally.
Investors can follow Pepe Unchained on X or join its Telegram for the latest updates. Otherwise, they can visit its website to buy and stake tokens.
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