Disclaimer: The below article is sponsored, and the views in it do not represent those of ZyCrypto. Readers should conduct independent research before taking any actions related to the project mentioned in this piece. This article should not be regarded as investment advice.
Pepe Coin faces a potential 20% crash while Pepe Unchained, a new meme coin on Ethereum Layer 2, gains momentum with its presale and high staking rewards.
Pepe Coin (PEPE) has been predicted to experience a significant price drop, prompting concerns. Meanwhile, a new meme coin, Pepe Unchained ($PEPU), is rapidly gaining traction and could potentially be the next major player in the market.
Pepe Coin’s Bearish Forecast
Pepe Coin, known for its anthropomorphic frog mascot, has experienced significant volatility. On June 24, 2024, the price of PEPE broke below its ascending trendline support, suggesting a potential bearish move. This trendline, drawn from mid-April to mid-June, indicated a critical support level that, once breached, could lead to a substantial price decline.
Technical analysis shows that if the trendline holds as a pullback resistance, PEPE could see a 20% drop from the breakout point to $0.0000903, aligning with the 61.8% Fibonacci retracement level. Indicators like the Relative Strength Index (RSI) and the Awesome Oscillator (AO) on the daily chart support this bearish outlook, below their mean levels of 50 and zero, respectively.
On-chain data further substantiates this bearish sentiment. Active addresses for PEPE have decreased, signaling lower demand. According to IntoTheBlock’s In/Out of the Money Map (IOMAP), around 3,040 addresses bought 24.60 trillion PEPE tokens at an average price of $0.0000110. If the price approaches this level, many traders might sell to break even, reinforcing the resistance.
Santiment’s Daily Active Addresses index, which tracks network activity, has declined 24% in the last seven days, extending a downtrend that started in late May. This declining activity indicates waning interest and could further drop PEPE’s price.
However, there is a silver lining. If PEPE’s daily candlestick closes above $0.0000125, it will signal a break in the bearish trend, potentially triggering a 22% rally to the next resistance level at $0.0000152.
Pepe Unchained: The New Contender
While Pepe Coin faces potential declines, a new meme coin, Pepe Unchained ($PEPU), has emerged with significant promise. Launched on June 21, 2024, Pepe Unchained is built on its proprietary Ethereum Layer 2 blockchain, quickly raising over $200,000 in its presale within minutes and now surpassing $220,000. This rapid fundraising reflects strong interest and the token’s potential.
Rapid Presale Success and Staking Rewards
Priced at $0.008 during its presale, Pepe Unchained offers an early low entry point. The presale’s success is partly due to the attractive staking rewards. It currently offers over 20,000% annual percentage yield (APY), which is significantly higher than those of its ERC-20 competitors.
Pepe Unchained distinguishes itself from other meme coins by operating on its Ethereum Layer 2 blockchain. This technology addresses Ethereum’s scalability issues, such as high network congestion and transaction fees, by processing transactions on a side chain before settling them on the main blockchain. As a result, $PEPU promises faster and cheaper transactions, enhancing its utility and attractiveness.
The original Pepe coin, with a market cap close to $5 billion, paved the way for other meme coins like Brett Coin ($BRETT) and $PEPECOIN, which have also seen substantial growth. $PEPE increased by 1,100% over the past year, while $BRETT rose by nearly 200% in the last 30 days. $PEPECOIN saw an impressive 8,861% increase over the past year, highlighting the lucrative potential in this market.
Technical Specifications and Tokenomics
Pepe Unchained leverages Layer 2 technology to offer efficient transaction experiences. Its network promises to be 100 times faster and cheaper than Ethereum’s Layer 1, significantly enhancing its appeal. The project’s tokenomics are designed for sustainable growth, with 8 billion $PEPU tokens allocated as follows: 20% for the presale, 30% for staking, 20% for marketing, and the remaining 30% split among DEX liquidity, project development, and the Pepe Unchained Layer 2 treasury.
Community Engagement and Future Prospects
Pepe Unchained has actively engaged with its community through platforms like X (formerly Twitter) and Telegram, providing updates and fostering a supportive environment. The project’s structured token allocation balances immediate incentives with long-term development needs, ensuring sufficient liquidity and continuous growth efforts.
The presale success and innovative use of Layer 2 technology position Pepe Unchained as a significant entrant in the meme coin space. With high staking rewards and efficient transaction capabilities, $PEPU addresses key challenges existing Ethereum-based meme coins face.
Comparing Pepe and Pepe Unchained
Pepe Coin’s potential 20% crash and declining network activity contrast sharply with Pepe Unchained’s early success. While PEPE has established itself in the meme coin market, its bearish outlook suggests short-term challenges. In contrast, Pepe Unchained’s rapid presale success and technical innovations indicate a promising future.
Is Pepe Unchained the Next Big Meme Coin?
Pepe Unchained’s innovative approach, early presale success, and strong community engagement make it a compelling asset. The project’s high staking rewards, efficient transaction capabilities, and structured tokenomics position it well for growth.
For those interested in the evolving meme coin market, Pepe Unchained represents a significant innovation. It combines Pepe’s cultural appeal with the technical advantages of Ethereum Layer 2 solutions. Its rapid presale success and promising features suggest it could rival established meme coins and offer substantial returns.
Whether Pepe rebounds or Pepe Unchained rises to prominence, the crypto market’s dynamic nature ensures continuous opportunities for those willing to navigate its complexities.
GET $PEPU NOW AT ITS LOWEST PRICE POINT
As the presale for Pepe Unchained continues, now is the perfect time to get in early on what could be the next big meme coin. With impressive staking rewards and efficient transaction capabilities, $PEPU offers a unique and promising opportunity.
Visit the Pepe Unchained website to participate in the presale, join the community on X (formerly Twitter) and Telegram for the latest updates, and secure your stake in this exciting new venture before the price increases. Don’t miss the chance to be part of the next potential 100x meme coin success story.
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involve substantial risk as the volatility of the crypto market can lead to significant losses.
