Pepe and PeiPei Price Rise - Is Pepe Unchained The Next Meme Coin To Explode?
Release: 2024/08/07 03:09 Reading: 520
Frog-Themed Meme Coins Surge
Meme coins inspired by the iconic Pepe the Frog are experiencing a resurgence in popularity.
Pepe Price Rebounds
Pepe, the leading frog-themed meme coin, has seen a significant bullish reversal following the crypto market crash of "Black Monday." It has surged over 30% from its recent low, currently trading at $0.0000079 with a market cap of $3.2 billion.
PeiPei Gains Traction
PeiPei, also known as the Chinese Pepe, has likewise gained over 40% in the past 24 hours, indicating a growing interest in such coins.
Pepe Unchained Potential
Some experts believe that Pepe Unchained (PEPU) could be the next high-flying meme coin. PEPU has raised $7.4 million in its presale and offers the potential for up to 100x returns due to its low market cap.
Buying Opportunity for Pepe and PeiPei?
The recent market rally suggests that Pepe is seen as a leveraged bet on Ethereum (ETH), whose price has recovered by 13%. Pepe's correlation with ETH bodes well for its long-term prospects, as experts believe ETH is undervalued, potentially leading to a market cap of $50 billion for Pepe. However, analysts believe that Ethereum may not have reached its bottom yet, suggesting that Pepe may experience some correction in the short term. Buying opportunities may arise at the coin's 50-week EMA or SMA levels.
PeiPei's Bullish Continuation
In contrast, PeiPei seems poised for further gains. Analyst Eunice D Wong believes it has formed a bottom and could reach new highs soon. It currently trades at $0.0000002 with a market cap of $81 million, offering potential upside to its previous all-time high.
Pepe Unchained's Competitive Edge
Pepe Unchained stands out from other frog-themed meme coins by launching its own Layer-2, ETH-compatible blockchain to address high trading costs on Ethereum. Its low transaction fees and attractive staking rewards have garnered attention from investors, resulting in over $7.4 million raised in its presale.
Disclaimer: This article is for informational purposes only and should not be considered investment advice.
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