Pepe Unchained Price Prediction: PEPU Surges 105% To A New All-Time High As This New Frog-Themed Rival Raises $2.2 Million In 1 Day
Release: 2024/12/12 18:44 Reading: 594
Pepe Unchained Surges 105% in 24 Hours, Becoming No. 1 Trending Crypto
The price of Pepe Unchained (PEPU) has skyrocketed 105% in the past 24 hours, reaching $0.4683 as of 2:50 a.m. EST. Trading volume also surged by 40% to $33.69 million.
Launched on December 10, Pepe Unchained is a meme coin based on the popular Pepe the Frog character. Its unique feature is its own Layer-2 blockchain, making it the first Pepe-based meme coin to have its own network.
The project's successful initial coin offering (ICO) raised $74 million, reaching its hard cap. Investors and traders have continued to support the project, recognizing its potential to replace PEPE, the third-largest meme coin by market capitalization.
Pepe Unchained Price Prediction
Despite hitting a new all-time high (ATH) of $0.05292 approximately 14 hours ago, the PEPU price has since corrected by 12%, facing resistance at $0.05. Its Bollinger bands indicate that the post-launch hype may subside, but the price remains near the upper band.
The project's Relative Strength Index (RSI) has fluctuated between 50 and 70, occasionally reaching 80. Its current value of 60 suggests potential for growth, but its steady increase indicates that traders are buying slower than before.
Alternative to Pepe Unchained
The success of PEPU has attracted attention, leading to the emergence of new Pepe alternatives. One such project is Wall Street Pepe (WEPE), which launched its ICO earlier than PEPU.
WEPE's presale has grown rapidly, raising over $6.36 million. It offers a platform to help novice crypto users earn more, access exclusive trading signals, and market insights. The project also provides a 109% staking reward to early investors.
Conclusion
The surge in PEPU's price highlights the potential of Pepe-based meme coins. However, the likelihood of new Pepe alternatives emerging should be considered. Projects like Wall Street Pepe, with its focus on accessibility and investor benefits, may pose competition to Pepe Unchained in the future.
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