Analyst gives bearish outlook on Pepe; Pepe Unchained may offer more potential
Release: 2024/08/21 00:39 Reading: 534
Pepe Momentum Fades, New Meme Crypto Pepe Unchained Raises Nearly $10 Million
After a strong start in 2024, Pepe's momentum is slowing, according to a bearish analyst forecast. However, a new meme-themed crypto, Pepe Unchained, has emerged, generating significant interest with over $9.5 million raised in its presale.
Pepe's Price Weakness Continues
Pepe has faced persistent selling pressure, with its price currently hovering around $0.000007879. Despite a slight 8% uptick today, the token remains down 2% this week and 35% this month. Those who invested at Pepe's all-time high of $0.00001718 in May have incurred a significant 54% loss.
Bearish Outlook Warns of Further Losses
Analyst Nebraskagooner has drawn comparisons between Pepe's current chart structure and Cardano's previous downturn, predicting the potential for a tumble to $0.000002. This would result in a devastating 74% selloff from the current price and an 88% loss for early investors. Other analysts, such as Polaris_xbt, also see $0.000002 as a possible target.
Pepe Unchained: A New Hope for Memecoins
In contrast to Pepe's struggles, Pepe Unchained has garnered widespread interest during its presale. The new memecoin boasts unique technology, including an Ethereum Layer 2 blockchain designed specifically for memecoins. This could provide a platform for developers to create innovative dApps and games.
Positive Outlook for Pepe Unchained
Analysts are bullish on Pepe Unchained's potential, citing its novel technology and strong community support. In a recent video, ClayBro praised the project, noting the high investor interest in the presale. He believes that Pepe Unchained could become "a top meme coin."
Current Presale Details
The Pepe Unchained presale price is currently $0.009163, with a planned price increase later today. More information is available on the project's website.
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