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Pepe loses steam with a 15% dip this month after a 600% rally—time to buy or wait? New rival Pepe Unchained raises $24M in presale.
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After rallying over 600% in the past year, Pepe has lost momentum with a 15% fall this month. Is it too late to buy, or is the next rally around the corner?
Meanwhile, new meme coin Pepe Unchained is proving a popular alternative, with over $24 million raised in its presale and backing from top crypto analysts.
Next bullish wave expected for Pepe shortly
According to analysts, Pepe may be teetering on its next parabolic uptick.
With Bitcoin inches from its all-time high (ATH), a positive reaction to the US presidential election result could tip it into price discovery.
This lays the way for Pepe and other altcoins to rise.
And this narrative is fueling a lot of bullish Pepe predictions this week.
Analyst Doc expects Bitcoin to enter price discovery, causing Pepe to surge toward $0.000012 in the short term.
Following a flash-crash correction, he anticipates the ‘real’ blow-off top will come and catapult Pepe to $0.000018 and beyond.
However, Waleed.eth believes Pepe’s initial rally will push a lot higher, eyeing $0.000033 as a potential target.
Following this, the analyst predicts a third wave that will propel it to $0.00011, or a $50 billion market cap.
Meanwhile, Colin Talks Crypto analyzed the Pepe Dogecoin pairing. According to the analyst, Pepe outperforms Dogecoin when altcoins are doing well.
He notes that the chart is approaching a key level, at which point he expects Pepe to begin outpacing DOGE again.
Across the board, there is a clear optimism that Pepe will rally in the coming weeks.
Analysts’ price predictions vary widely, but it seems well within reason that PEPE could pump to $0.000012 in November, especially if prices react positively to the election news.
In the longer term, we may see Pepe reach a price between $0.000018 and $0.000033. However, Waleed.eth’s $50 billion target ($0.00011) will only occur in exceptional circumstances and is unlikely to last long.
Lower market cap meme coins may present a more suitable alternative for traders seeking gains of that scale.
One of the top meme coins backed for significant gains is Pepe Unchained, a new Pepe-themed meme coin with its own Ethereum layer 2 blockchain.
Viral presale meme coin ‘Pepe Unchained’ can 100x, says top crypto expert
Pepe Unchained will be the first Pepe-themed meme coin with its own blockchain.
Considering that Pepe has been a dominant player since its 2023 inception, there’s no surprise that this is causing a massive buzz. The project’s presale is ongoing and has raised a whopping $24.6 million so far.
But why has Pepe Unchained got its own blockchain?
It’s tackling Ethereum’s scalability issue head-on. Transacting on the ‘Pepe Chain’ will have lower fees and be much faster than on the Ethereum main network.
Yet, users will still be able to interact directly from their Ethereum wallet and benefit from Ethereum’s security and decentralization.
The Pepe Chain will include features such as a block explorer, an Ethereum bridge, staking, a decentralized exchange, and more.
The team is also accepting developer grants, which will pay builders to launch projects on the Pepe Chain. This could lead to meme coins or meme coin-inspired apps, like a meme coin futures trading platform or meme coin-themed Play-to-Earn game.
Umar Khan from 99Bitcoins says Pepe Unchained is primed to 100x in price.
He notes the potential impact of the US elections could cause meme coins like PEPU to explode.
However, prospective investors should act fast. The Pepe Unchained presale price is expected to incrementally rise throughout the campaign.
For more information, visit the Pepe Unchained presale website.
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This article first appeared at crypto.news
