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The Pepe Unchained price skyrocketed 105% in the last 24 hours to trade at $0.4683 as of 2:50 a.m. EST on trading volume that skyrocketed 40% to $33.69 million.
Pepe Unchained is a new Pepe-based meme coin that only launched on December 10 and its latest pump has made it the No. 1 trending crypto on CoinMarketCap today.
The project had one of the most successful ICOs in crypto history, hitting $74 million raised, which was also its hard cap.
Since launch, investors and traders alike doubled down on the project which was predicted to have the potential to replace PEPE, the third-largest meme coin by market cap.
PEPE UNCHAINED L2 IS LIVE!
Yesterday’s launch went off without a hitch.
Our L2 network handled the massive volume effortlessly and is now ready to welcome the masses!
Check out our official block explorer, Pepuscan, and witness this greatness firsthand.… pic.twitter.com/0EJ7itirOz
— Pepe Unchained (@pepe_unchained) December 11, 2024
The project comes with is own Layer-2 chain, making it the first-ever Pepe-based meme coin to have a blockchain of its own. It announced the launch on X, introducing multiple promised features, including its block explorer, the fact that new meme coins will launch in its ecosystem, and the list of available on-chain activities.
Pepuscan allows you to track and trace all on-chain activity within the Pepe Unchained L2 ecosystem, including:
• Transactions
• Wallets
• Blocks
• Tokens… and so much more.
2 of 6
— Pepe Unchained (@pepe_unchained) December 11, 2024
Pepe Unchained Price Prediction
The PEPU price was quick to skyrocket post-launch, and has surged 385% in the last two days. The project even hit a new ATH around 14 hours prior to the time of writing, when it hit $0.05292. Since then, it corrected 12%, struggling to breach the resistance at $0.05.
Its Bollinger bands are showing signs that the post-launch hype might be coming to an end, however, as they saw a significant tightening in the last few hours. The price itself mostly pushed the upper band consistently since launch, occasionally dropping to the middle point between the two bands, only to quickly return to the upper one.
In the last nine hours, however, it slipped below the middle level, but then it surged back up to the upper band. The narrowing of the band is signaling growing uncertainty, but for the time being, the price is still trying to breach the resistance at $0.50, sticking close to it and bouncing back up after each rejection.
The project’s Relative Strength Index (RSI) has been fluctuating strongly between the neutral zone at 50 and the start of the overbought zone at 70, from time to time breaching this value and venturing further up, even going to 80. Right now, it sits at 60, suggesting that there is still room for growth.
However, its steady increase suggests that traders have been buying slower than before. In other words, PEPU is maintaining the bullish sentiment, but it is noticeably weakening.
But, with Bitcoin finally back above $100k per coin, the altcoin market might see further growth, which could provide positive conditions for PEPU, allowing it to possibly breach its big resistance.
Promising Alternative To Pepe Unchained
With PEPU’s massive success, both in ICO and post-launch, it is likely that new Pepe alternatives will emerge in weeks and months to come, and the first one is already here.
Known as Wall Street Pepe (WEPE), the project launched its ICO even before PEPU sold out its own, and is now the new fastest-growing presale in the market.
The WEPE presale is growing even faster than PEPU did, already raising over $6.36 million as investors doubled down on it, encouraged by the success of the frog-based meme coins. The project has raised a huge $2.2 million in the past 24 hours alone.
It also helps that Wall Street Pepe intends to make crypto trading and investing easier on smaller crypto users by helping them earn more.
The project says that it always hated how crypto whales jealously guard their secrets and only share them amongst themselves in private insider groups.
So, WEPE decided to create a similar group for its community, and investors started buying massive amounts to join, and gain access to top-quality trading signals, market hints, strategies, and more.
It also helps that WEPE offers a 109% staking reward for those who buy and stake its token early, which contributed to the overall excitement.
Another contributing factor may be bullish predictions by crypto experts such as YouTuber ClayBro, who has over 133k subscribers. ClayBro said that WEPE has at least 20x potential in a recent video.
Right now, Wall Street Pepe tokens sells for only $0.000211 each, but the price will see its next scheduled increase in less than four days.
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