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Fwog memecoin soars 70% in a week, sparking interest as the next Pepe. Meanwhile, Pepe Unchained’s presale hits $16.8M.
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A new memecoin is providing investors with huge gains. It’s called Fwog and has surged over 70% in the past week. Could this be the next Pepe?
Fwog flips resistance levels into support, analyst back for 4x gains
Low-cap memecoins are having a renaissance, and FWOG is the latest to explode.
The Solana-based project has been on an upward trajectory since its launch in August, but this week, a wider market appetite for meme coins has expedited its progress.
Even while the Bitcoin price slumps, small memecoins have pushed ahead. Degen (Base), Littlemanyu, and Fwog are all top gainers today.
Fwog is currently trading at $0.12, up 33% today, 75% this week, and 68% this month.
It has a $125 million market cap and a $27 million trading volume.
James.eth underscores the project’s relative strength against Bitcoin, labeling $1 billion as a potential target.
The analyst alludes that FWOG will explode as the crypto market recovers, given its performance amid the current downturn.
Meanwhile, TraderSZ looks at FWOG’s price chart and notes that it has flipped a trend line resistance into support.
According to the analyst, the next target is $0.5, over a 4x from its current price.
Meanwhile, prominent trader Sting underscored that Frog has flipped a horizontal resistance into support.
Although the analyst didn’t provide a price target, the confluence between traders identifying breakouts is a good sign for Fwog’s future.
But to answer the question posed at the beginning of this article:
It’s unlikely that Fwog reaches Pepe’s heights.
Fwog is one of many Pepe-inspired tokens, and while it’s bullish, the differences are arbitrary between Fwog and other Pepe-themed memecoins, for example, Fwog (ETH).
However, the project remains in its early stages and shows signs of a bright future.
But for investors seeking a Pepe alternative with a more distinguished use case, Pepe Unchained may be of interest.
It’s building the first Pepe-themed Ethereum layer 2 blockchain, and it’s currently undergoing a presale.
Pepe Unchained nears $17M raise as traders flock to Pepe Chain narrative
Imagine an entire blockchain housing Pepe-themed tokens and apps. That’s the ecosystem that Pepe Unchained is creating.
It’s launching a new layer 2 blockchain on top of Ethereum, which will be 100x faster and much cheaper.
The project’s ongoing presale has raised a staggering $16.8 million so far, showing an unparalleled investor appetite.
The team is now preparing for the PEPU token launch, recently revealing that they’re in talks with tier-one exchanges and that the ‘Pepe Chain’ will launch simultaneously.
Pepe Chain will also include staking, a block explorer, an Ethereum bridge, advanced analytics, and a DEX – everything you’d expect from a leading blockchain.
Top analysts are paying close attention – ClayBro recently said it has 100x potential.
ClayBro underscored that “people are excited” because Pepe Unchained is a layer 2 for meme coins.
It’s the best of both worlds, blending Pepe’s viral allure with the tangible utility of an Ethereum layer 2 blockchain.
Currently, the Pepe Unchained presale price is $0.0099.
However, this will likely rise throughout the campaign, with the next increase in one day.
For more information, visit the Pepe Unchained presale website.
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This article first appeared at crypto.news
