Pepe the Frog Coin Could Be a Good Buy Ahead of the Next Bull Run, Crypto Analyst Says
- WBOYOriginal
- 2024-09-13 03:19:09426browse
Khan – in a video on the 99Bitcoins Youtube Channel, which boasts over $700k subscribers – highlights how Pepe has continually outperformed other top meme coins
Meme coin Pepe is outperforming the likes of Shiba Inu once again, but its gains are slowing down.
Pepe price analysis shows that the token has gained 3% over the past 24 hours, while SHIB is only up 1%.
However, Pepe is now up 984% from one year ago, while SHIB is only up 86%.
Despite outperforming SHIB, Pepe is still down 57% from its highs.
Pepe price analysis: Pepe price slows down but still outperforms SHIB
After months of bearish momentum, an end is in sight for the crypto’s adverse price action. As highlighted by Umar Khan, the current discount on Pepe could provide strong gains.
However, with a $3 billion market cap, its upside potential is less than it was in previous bullish periods.
Therefore, Umar Khan recommends Pepe Unchained as an alternative to Pepe.
The project is currently in its presale stage and has raised a staggering $12.9 million so far.
That’s a substantial heap of cash for a presale raise, but it’s all thanks to its use case, blurring the lines between a meme and a utility coin.
Pepe Unchained raises $12.9 million for meme coin L2
Ethereum has faced a scalability issue for a long time, but Pepe Unchained is here to help.
Before we get into it, here’s some background: Ethereum limits the block size on its network to maintain decentralization, but this makes it slow and expensive to use. Layer 2 blockchains have solved this, working on top of Ethereum with low fees and fast transactions.
The layer 2 ecosystem is thriving, and Pepe Unchained sprinkles a meme coin flavor.
The project is building the first Ethereum layer 2 blockchain specifically for meme coins. It promises to be 100x faster and much cheaper than the Ethereum main network.
Moreover, it boasts features like a dedicated Ethereum bridge, a block explorer, and a staking mechanism.
The response to its presale has been emphatic, evidenced by its near-$13 million raise.
It’s also illustrated by analysts’ support. Alongside 99Bitcoins recommending it as a promising Pepe alternative, others like ClayBro have said has up to 100x potential.
ClayBro cited that the presale has exploded, even while the wider crypto market has faced a headwind.
Currently, investors can buy $PEPU at a presale price of $0.009651.
However, the price will rise throughout the ICO, with the next increase in one day.
Visit Pepe Unchained Presale
The above is the detailed content of Pepe the Frog Coin Could Be a Good Buy Ahead of the Next Bull Run, Crypto Analyst Says. For more information, please follow other related articles on the PHP Chinese website!