Layer 2 Crypto Pepe Unchained Raises $4M In ICO - Best Meme Coin To Buy Now?
The frog meme coins are back in the spotlight, with Pepe and similar tokens outperforming most crypto assets in the past few days.
Some experts now believe they have identified the best Pepe alternative in Pepe Unchained (PEPU). Indeed, the new meme coin has seen impressive gains so far in its presale, raising over $4 million in its crypto ICO.
The strong presale performance has made smart money traders bullish on its upside potential, with some even calling it one of the best meme coins to buy now.
Why Is Pepe Unchained In Such High Demand?
As previously mentioned, frog-themed meme coins are dominating the ongoing crypto rally. For instance, the Pepe coin is up nearly 22% over the past week, data from CoinGecko reveals.
Notably, a growing number of experts now believe that PEPE could potentially flip Shiba Inu before the end of this year.
$PEPE Will Flip $SHIB This Cycle.
— JAKE (@JakeGagain) July 17, 2024
Similarly, experts are bullish on other frog-themed tokens. Popular crypto trader Bluntz (@Bluntz_Capital) recently claimed that the PLONKE price chart is displaying a strong bullish structure, which could potentially result in 100x.
Now, Pepe Unchained has entered the race, with an innovative twist that separates it from the rest of the crowd. The project is set to launch its own Layer-2 blockchain, which aims to deliver low trading costs, faster transactions and high staking rewards.
Indeed, this move could have significant implications for the token’s post-launch price potential. Most Pepe copycats such as PeiPei, PepeCoin and PepeFork are Ethereum meme coins, which require high trading costs, especially on DEXs.
This strongly discourages retail investment in them, resulting in pump-and-dump price action. Pepe Unchained’s Layer-2 chain solves this issue. The low trading fees and the high staking rewards could make it extremely popular with both smart money traders and retailers alike, as is already evident in its presale.
Indeed, the Pepe Unchained staking pool is currently offering a reward rate of over 400%, much higher than the industry standard of 5-7%.
Is PEPU The Best Meme Coin To Buy Now?
Pepe Unchained has already caught the attention of investors with its native Layer-2 blockchain, considering the rarity of the move in the meme coin space. It is not without any reason that PEPU has raised over $4 million in its presale in just a few weeks.
However, some analysts believe that this is just the start for the token. Popular crypto influencers such as Jacob Bury are optimistic about its upside potential, believing that 10x to 100x gains could be up for grabs.
As previously mentioned, some experts have called PEPU one of the best meme coins to buy now.
There are several reasons behind their optimistic stance. Thanks to its Layer-2 blockchain and high staking rewards, PEPU could attract significant retail investment after its launch. This could be a game-changer as Pepe Unchained would likely go live in August, most likely in the midst of a major bull run.
As such, the spot Ethereum ETFs are expected to go live by next week, which could provide a massive boost to the Pepe coin and other frog-themed tokens, owing to their strong correlation with ETH.
Considering that PEPU is quickly building a reputation as the best PEPE alternative, the aforementioned 100x gains aren’t out of the question.
Interested buyers can visit the Pepe Unchained website and purchase the token via the over-the-counter widget. They are also advised to stake their holdings for maximum returns.
Follow the project’s X and Telegram accounts to keep up with the latest updates.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
