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Pepe Price Prediction: PEPE Pumps 15% As This Layer-2 Alternative Closes On $25 Million

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Pepe Price
Pepe Price

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The Pepe price surged 15% in the last 24 hours to trade at $0.000009520 as of 00:29 a.m. EST on trading volume that skyrocketed 86% to $2.2 billion.

This comes as the meme coin space jumped 24% to reach a $74.4 billion market capitalization after Bitcoin hit a new all-time high on expectations that Donald Trump will win the US election.

Other leading meme coins also recorded massive gains, with DOGE leaping 24.5%, SHIB soaring 10.7%, and WIF surging 6.6%.

Pepe Price Poised For A Breakout

The Pepe price has declined since May after it hit its all-time high of $0.00001717. However, the $0.0000080 acted as a major support level, which allowed the price of Pepe to trade within a descending triangle pattern, according to data from GeckoTerminal. The PEPE price now aims for a breakout, as it trades within the triangle’s upper boundary.

PEPE now trades slightly above the 50-day Simple Moving Average (SMA), which shows that the Pepe price is currently building momentum. A positive trajectory could push the price of Pepe above the 200-day SMA, currently at $0.000009855.

Meanwhile, the Relative Strength Index (RSI) seems to be recovering above the 50-midline level, which shows that the asset is building up positive momentum.

If the bulls succeed in pushing the price above the triangle, PEPE could surge, as they target $0.0000140 in the long term.

Pepe Price Chart Analysis Source: GeckoTerminal
PEPEUSD Chart Analysis Source: GeckoTerminal

However, if the bears take control of the price at this level, PEPE could plunge back to the $0.0000080 support zone.

Meanwhile, investors are going all-in on a new PEPE alternative called Pepe Unchained ($PEPU), which leading YouTube channel 99Bitcoins, with more than 706k subscribers, says could be the next meme coin to deliver 100x returns.

Pepe Unchained Roars Toward $25 Million

Pepe Unchained ($PEPU) is kicking off the first week of November with a bang as presale funds soar past $24.9 million.

As its name suggests, Pepe Unchained is designed to free, or ”unchain,” the OG PEPE from its clunky, inefficient home on Ethereum.

That’s why it is designed to run on a proprietary Layer 2 blockchain, which offers superior transaction speeds and significantly reduced fees compared to the original Pepe ($PEPE), which runs on Ethereum’s slower, more expensive Layer 1 network.

But Pepe Unchained is more than just a meme coin. The project’s website now features a portal where developers can apply for grants to build on its L2 chain. The goal is to create new dApps and leverage its technology for even faster and more cost-efficient transactions.

And the project also plans to open its ecosystem to other meme coins.

In the meantime, PEPU holders can stake their tokens for a huge 95% annual return.

PEPU tokens are currently priced at $0.01229 each. Investors eager to join one of the most successful presales of the year should do so before a price hike in less than 2 days.

Buy PEPU tokens on the official website here with ETH, USDT, or a credit card.

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