Pepe Price Rises, Analyst Says Pepe Unchained Could Pump Next as Presale Nears $3M
Release: 2024/07/09 19:04 Reading: 584
Pepe Price Rises, Analyst Predicts Pepe Unchained Could Surge as Presale Approaches $3 Million
Today, the cryptocurrency market has regained bullish momentum, with Pepe among the leading meme coins to experience a recovery, with an earlier 13% increase in its price.
Pepe Price Uptrend Amid Ethereum ETF Developments
Recent advancements in the development of Ethereum ETFs have fueled the growth of Pepe and the broader crypto market. Pepe's price often follows ETH's movements due to its proximity to the Ethereum network.
Today, ETH received a boost as all spot ETF applicants submitted updated S-1 filings. These applicants include Fidelity, VanEck, Grayscale, BlackRock, 21Shares, Franklin Templeton, and Bitwise.
While the Securities and Exchange Commission (SEC) approved the applicants' ETH ETF 19b-4 filings in May, they also require approval of their S-1s before the ETFs can launch. Today's filings indicate progress towards ETH ETF launches, leading to a bullish market response.
Earlier, the total crypto market capitalization increased by 3.7%, while Pepe surged 13%. While these figures have slightly receded, both remain in positive territory.
Pepe currently trades at $0.000009366, but remains 18% down this week and 22% down this month. However, it has experienced a remarkable 600% increase this year, and its growth shows no signs of slowing down.
Its 24-hour trading volume is $1.1 billion, a 52% increase from yesterday. Despite its valuation being lower than Dogecoin and Shiba Inu, its trading volume surpasses both.
"PEPE continues to generate over $1 billion in volume every 24 hours – there's no stronger coin this cycle," said Brian Garrett.
Analysts Anticipate a Robust Recovery
Analysts are optimistic about a strong recovery. Jameson predicts that Pepe's downward momentum has been exhausted and a surge towards a new all-time high (ATH) is imminent.
The analyst's price chart suggests a continuous upward trajectory, driving Pepe towards $0.000032 – a 242% gain from its current price.
Trader Dave Satoshi hints that Pepe is about to commence an uptrend and speculates that this may be the last opportunity to acquire Pepe below the $0.00001 threshold.
Pepe Unchained Presale Nears $3 Million for Layer 2 Meme Coin
As the Pepe phenomenon expands, so does the number of tokens paying homage to it. These tokens form the "Pepe bloodline," with many, such as Brett and Book of Meme, achieving significant success.
Pepe Unchained is now launching, poised to be the first Pepe bloodline token with its dedicated Ethereum layer 2 blockchain.
Similar to Arbitrum, Polygon, and Optimism, Pepe Unchained facilitates faster and cheaper transaction processing than the Ethereum mainnet. However, its unique distinction lies in its focus on meme coins, providing the $40 billion sector with a home within the Ethereum ecosystem.
Pepe Unchained also offers a staking mechanism with a 660% APY, and is developing an Ethereum bridge and a block explorer.
Having raised $2.8 million in presale investments, Pepe Unchained ($PEPU) has garnered the attention of prominent industry traders. ClayBro emphasized its strong use case and believes that the improving market conditions present an opportune time to participate in the presale.
"Things are bouncing back up, which could be an excellent time to buy," he stated.
Potential investors should act promptly, as the Pepe Unchained price of $0.0083258 is subject to increase as the presale progresses. According to the official website, the next price adjustment will occur within the next 24 hours.
Visit Pepe Unchained Presale
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