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Crypto surges this week, with meme coin PEPE seeing a 33% rise, while new presale token Pepe Unchained gains investor interest.
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It’s rare for any industry to see the levels of growth and adoption that crypto has experienced this week.
And amidst this positive-sum chaos, third-in-command meme coin Pepe has experienced an impressive 33% uptick.
But looking ahead, can Pepe keep rising, or is viral presale token Pepe Unchained a better investment?
Dogecoin rally indicates Pepe can explode next
Dogecoin added $37 billion to its market cap in the past 31 days, rallying from $16 to $53 billion.
Pepe’s market cap is $5.3 billion, so less than one-fifth of Dogecoin’s recent uptick would provide a 2x gain and double your money.
But it’s worth exploring this synergy between Dogecoin and Pepe a little deeper.
Think of Dogecoin as the Bitcoin of meme coins. Bitcoin leads the crypto market, and Dogecoin leads the joke tokens.
There was only one period in 2024 when Dogecoin outperformed Pepe: February.
And what happened after that was a huge wealth transfer as Dogecoin holders rotated their capital into smaller meme coins to multiply their gains.
Pepe’s lower liquidity led to significant growth, catapulting its price into a parabolic ascent.
The more liquidity that enters Dogecoin in the coming days, the more firepower Pepe has to grow.
Analyst spots Pepe macro breakout pattern
Pepe has broken out from a long-term pennant pattern and now looks set to multiply in price.
This would align with the idea that Dogecoin liquidity will rotate into Pepe and other lower-market-cap meme coins in the next bullish wave.
One popular trader noticed that Pepe’s current breakout pattern is identical to one formed prior to its current all-time high (ATH).
Based on the analysts’ price chart, PEPE could rise toward $0.00009 before the end of 2024.
Considering DOGE’s parabolic performance this month, gains of this magnitude cannot be ruled out.
Even if it doesn’t hit the $0.00009 target, the meme coin sector’s new liquidity offers a massive tailwind for at least 2x gains.
However, as mentioned, wealth typically rotates down into smaller meme coins as the cycle progresses.
With each rotation, the gains get more substantial due to the projects’ lower market caps.
That’s why many traders are positioning in smaller Pepe alternatives such as Pepe Unchained, hoping for even bigger gains.
Pepe Unchained is the first Pepe-themed blockchain, presale nears $28M
Only yesterday, Pepe Unchained community members were cheering about hitting the $27 million total raised. Now, it’s less than $100K from hitting $28 million.
Pepe Unchained’s presale momentum is accelerating at an unprecedented rate, fueled by its novel use case and the crypto market’s overarching bullish outlook.
The project is building the first Pepe-themed Ethereum layer 2 blockchain, which will cut costs and boost speeds compared to the Ethereum main network.
With Pepe’s magnetic brand appeal and unique utility, Pepe Unchained has a rare opportunity to attract meme coin enthusiasts and utility coin investors alike.
The “Pepe Chain” will launch when the presale ends and will include features like a block explorer, a decentralized exchange, staking, and an Ethereum bridge.
Yet, its most recent brainchild is Pepe Pump Pad, a meme coin generator that lets users launch a meme coin in seconds, and they don’t even need to do any coding.
Pepe Unchained is all about pushing what’s possible for meme coins, and analysts think it has a bright future. For instance, Jacob Bury recently said it can 100x after the presale.
Yet, Bury highlighted that the price will rise throughout the ICO.
This means those seeking to maximize their potential gains should not wait around.
For more information, visit the Pepe Unchained presale website.
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This article first appeared at crypto.news
