As Bitcoin continues to show resilience, the stage appears to be set for a significant altcoin bull rally. With spot Ethereum ETFs expected to commence trading by mid-July, experts anticipate that Ethereum will spearhead the second phase of the bull market
Pepe (PEPE) price finally managed to record a green trading line after a bearish July, showing an around 8,77% increase in the last 24 hours, which rekindled interest in the projects and many derivatives built around it.
One such derivative is Pepe Unchained ($PEPU), which introduced its own layer 2 network to the Pepe niche.
This innovative tech that Pepe Unchained created could lead it to overthrow its inspiration once the crypto bull run 2024 resumes.
Let’s see why is Pepe pumping today, and check out what the layer-2 derivative has to offer…
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Pepe-Inspired Meme Coins Poised for Dominance in the Upcoming Altcoin Bull Market
As Bitcoin continues to show resilience, the stage appears to be set for a significant altcoin bull rally.
With spot Ethereum ETFs expected to commence trading by mid-July, experts anticipate that Ethereum will spearhead the second phase of the bull market, fueled by institutional investments through ETFs.
Unsurprisingly, analysts are also highly optimistic about Ethereum-based meme coins, particularly Pepe.
Pepe, which has served as a beta bet on ETH in recent months, is predicted to maintain this trend in the near future.
Many believe that PEPE could reach new all-time highs as early as August, with some analysts even suggesting that it might surpass Shiba Inu and potentially Dogecoin in market capitalization this year.
The bullish momentum surrounding Pepe is expected to have a positive impact on other Pepe The Frog-themed meme coins.
Experts are predicting that PEPU, another Pepe-inspired token, will deliver comparable returns following its launch.
The popular crypto YouTube channel 99Bitcoins, boasting over 700,000 subscribers, recently featured PEPU's impressive presale performance and hinted at the possibility of 100x returns.
Additionally, analyst Austin Hilton, who has more than 260,000 YouTube subscribers, has also suggested potential 100x gains from this rapidly growing cryptocurrency.
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What Is Pepe Unchained?
Pepe Unchained could become one of the largest meme coins with the introduction of its groundbreaking blockchain, "Pepe Chain."
This cutting-edge layer-2 solution tackles the scalability challenges faced by Ethereum head-on, offering a more efficient and cost-effective way to process transactions.
One of the key advantages of Pepe Chain is its ability to handle transactions off the main Ethereum blockchain.
By doing so, it dramatically increases transaction throughput, allowing for thousands of transactions per second compared to Ethereum's base layer, which can only process around 15.
This significant improvement in scalability reduces network congestion and enhances overall efficiency, providing a smoother experience for users.
In addition to increased transaction speeds, Pepe Chain also offers substantially lower transaction fees.
By processing transactions off-chain, the costs associated with each transaction are minimised, making it more affordable for users to engage in frequent transactions and participate in the thriving world of decentralised finance (DeFi).
Despite operating as a separate layer, Pepe Chain maintains the robust security features that Ethereum is known for. This ensures that transactions conducted on Pepe Chain remain secure and protected against potential attacks, providing users with peace of mind.
Another notable aspect of Pepe Chain is its seamless interoperability with Ethereum. This compatibility allows for effortless asset transfers and enables the smooth integration of Ethereum-based decentralised applications (dApps) into the Pepe Chain ecosystem.
As a result, users and developers can continue to benefit from Ethereum's extensive network while experiencing the enhanced performance and capabilities offered by Pepe Chain.
The combination of improved scalability, reduced transaction costs, and strong security measures sets Pepe Unchained apart as a formidable contender in the meme coin and wider cryptocurrency landscape.
By introducing its own blockchain solution, Pepe Unchained strives to deliver a more streamlined and user-centric experience while leveraging the strengths of the well-established Ethereum network.
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Pepe Unchained's Record-Breaking Presale: $3.6 Million Raised and Counting
Pepe Unchained is turning heads in the crypto world with its ongoing presale, which has already amassed an impressive $3.6 million in funds.
With $PEPU tokens currently priced at an enticing $0.0084261, investors are rushing to capitalize on this opportunity before the price increases in just 10 hours.
The project's rapid success can be attributed, in part, to its
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