The Pepe cryptocurrency, known as PEPE, has experienced a significant surge of 22% in price, reaching $0.00001175. This surge comes amidst a general 1% increase in the overall cryptocurrency market over the past 24 hours. Interestingly, PEPE has also seen a 26% increase in the past week and a remarkable 620% increase over the past year. Despite a slight 1% decrease in the last month, PEPE’s strong performance indicates potential momentum in the coming weeks and months. Furthermore, its enduring popularity may contribute to the emergence of newer Pepe-themed meme tokens, such as Pepe Unchained.
Pepe Unchained, a layer-two meme coin, has already raised $3.6 million in its presale phase, demonstrating the growing interest in Pepe-themed tokens. PEPE’s recent surge can be attributed to its recovery from previous losses, as it is currently 37% below its all-time high (ATH) of $0.00001717 reached in May. Despite a slight dip earlier today, PEPE has rebounded by 4.5% in the past hour, reflecting renewed investor interest. Technical indicators, such as the moving averages and relative strength index, suggest a bullish trend for PEPE, with significant trading volume of $2.8 billion.
The rise in PEPE’s price and investor activity has also positively impacted other Pepe-related meme tokens in the market. While many new tokens may face challenges, some like Pepe Unchained (PEPU) have shown potential. PEPU, an ERC-20 token operating as a layer-two solution on Ethereum, has raised over $3.6 million in its presale. Offering instant transactions and low fees, PEPU aims to enhance utility and scalability, attracting investors seeking a new layer-two network for transactions.
With a maximum supply of 8 billion tokens, PEPU has allocated percentages for staking, presale, marketing, liquidity, team, and chain inventory, ensuring decentralization and sustained demand. The growing community support for Pepe Unchained, with over 7,000 followers, underscores its potential as it prepares for the launch of its layer-two network post-presale. Interested investors can join the presale on the official Pepe Unchained website, purchasing PEPU tokens at a starting price of $0.0084598, which may increase with each presale stage.
As a high-risk asset class, investing in cryptocurrency carries inherent risks, and individuals should exercise caution and conduct thorough research before investing. The current market dynamics and investor interest in Pepe-related tokens like PEPU indicate a growing trend in meme coins. With the potential for significant price surges post-listing, PEPU presents an opportunity for investors looking to capitalize on the meme coin market and participate in the growing trend of Pepe-themed cryptocurrencies.
