Investor interest in the meme coin PEPE has waned recently, with a slight 0.56% dip in its price over the last 24 hours. This decline is part of a larger 14.80% retracement since the previous Wednesday. Despite this, PEPE’s trading volume has decreased by 32.89% to $679 million, indicating a lack of significant activity in the market. However, expert trader MateFinance sees potential for PEPE to follow a similar trajectory to Shiba Inu’s “blow-off” phase in 2021, predicting a bullish rally in the near future.
MateFinance believes that PEPE, along with DogWifHat, could be the stand out meme coins of this cycle, comparing them to Dogecoin and Shiba Inu in previous cycles. He notes that many other meme coins have been driven by short-lived fads and may struggle to maintain their market positions. The trader emphasizes the importance of a Coinbase listing for PEPE to achieve success similar to Shiba Inu in 2021. He anticipates a market cap exceeding $10 billion for PEPE this cycle, potentially bringing the price to $0.000023.
While PEPE’s potential rally could impact other meme coins, investors are also eyeing a new project called Pepe Unchained ($PEPU). This successor to PEPE offers real utility beyond meme status by addressing issues such as transaction speeds and fees. Pepe Unchained operates on its own layer 2 chain, providing faster transaction speeds and lower fees compared to Ethereum. The project has received positive attention, raising almost $3 million in its presale and offering a temporary fixed price of $0.0083591 with a 619% APY for investors.
With its commitment to transparency through audits and a dedicated block explorer, Pepe Unchained presents itself as a promising investment opportunity for those seeking potential returns in the meme coin space. The project’s innovative approach to combining meme culture with practical use cases sets it apart from other meme coins. For investors looking to capitalize on the current market dynamics and potential growth in the meme coin sector, Pepe Unchained offers a unique proposition worth considering.
