Pepe

Shiba Inu

<p>The post <a href="https://coinpedia.org/press-release/pepe-unchained-presale-nears-three-million-for-layer-two-meme-coin/" rel="noopener noreferrer nofollow">Pepe Price Rises, Analyst Says Pepe Unchained Could Pump Next as Presale Nears $3M</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The crypto market has regained bullish momentum today, and Pepe is among the leading meme coins to see a recovery, with its price up 13% earlier.&nbsp;</p>
<p>Meanwhile, the new Pepe-themed token Pepe Unchained is also gathering pace as its presale nears the $3m milestone.</p>
<h2 class="wp-block-heading" id="h-pepe-price-rises-amid-ethereum-etf-development">Pepe Price Rises Amid Ethereum ETF Development</h2>
<p>Advancements around Ethereum ETFs have triggered Pepe and the wider crypto market’s growth today.</p>
<p>Due to its scale and proximity to the Ethereum network, Pepe’s price often mimics ETH’s, except with greater volatility.&nbsp;</p>
<p>ETH received a boost today as all spot ETF applicants filed updated S-1s.</p>
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   <p lang="en" dir="ltr">JUST IN: All spot <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a> ETF applicants filed updated S-1's <br><br>• Fidelity<br>• VanEck<br>• Franklin<br>• 21Shares<br>• Grayscale<br>• BlackRock</p>— Watcher.Guru (@WatcherGuru) <a href="https://twitter.com/WatcherGuru/status/1810427112253256158?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 8, 2024</a>
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<p>The applicants are VanEck, Grayscale, Fidelity, BlackRock, 21Shares, Franklin Templeton, and Bitwise.</p>
<p>The Securities and Exchange Commission (SEC) approved the applicants’ ETH ETF 19b-4 filings in May, but they also need to greenlight their S-1s before the ETFs can launch.</p>
<p>As such, today’s filings reflect the progression in the journey to ETH ETF launches, and the market has reacted with considerable bullishness.</p>
<p>Earlier today, the total crypto market cap was up 3.7%, while Pepe pumped 13%. While those figures have pulled back slightly since earlier, both are still in the green</p>
<p>Pepe currently trades at $0.000009366 but remains down 18% this week and 22% this month.</p>
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="478" src="https://image.coinpedia.org/wp-content/uploads/2024/07/09162708/image-204-1024x478.png" alt="coin-market-cap" class="wp-image-324732" srcset="https://image.coinpedia.org/wp-content/uploads/2024/07/09162708/image-204-1024x478.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/07/09162708/image-204-300x140.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/07/09162708/image-204-768x359.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/07/09162708/image-204-1536x717.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/07/09162708/image-204-150x70.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/07/09162708/image-204.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>That said, Pepe is up over 600% this year, and its success shows no signs of slowing down.&nbsp;</p>
<p>Its 24-hour trading volume is $1.1 billion, up 52% today.</p>
<p>Despite a valuation significantly lower than market leaders Dogecoin and Shiba Inu, its trading volume eclipses both of theirs.</p>
<p>“PEPE is still doing over $1 billion in volume every 24 hours – there’s no stronger coin this cycle,” <a href="https://x.com/BrianGarrett/status/1810338781842592214" target="_blank" rel="noopener noreferrer nofollow">said</a> Brian Garrett.</p>
<p>Analysts are optimistic about a strong recovery.</p>
<p>Jameson predicts Pepe’s downside momentum is spent, and a move toward a new all-time high (ATH) is imminent.</p>
<p>The analyst’s price chart exhibits a continuous upward trajectory, pushing Pepe to $0.000032 – a 242% gain from today’s price.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a><br><br>This wouldn't surprise me tbh <a href="https://t.co/1143MXWrPp" rel="noopener noreferrer nofollow">pic.twitter.com/1143MXWrPp</a></p>— Jameson (@JamesonEth) <a href="https://twitter.com/JamesonEth/status/1809665010056196178?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 6, 2024</a>
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<p>Meanwhile, popular trader Dave Satoshi alludes that Pepe is about to commence an uptrend and speculates it might be the last time Pepe trades under $0.00001.</p>
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   <p lang="en" dir="ltr">Once again, <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a> about to drop that zero and get back above $4.20 b market cap. <br><br>This might be the last time we see this zero ever again…<br>Good bye!<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f438.png" alt="🐸" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/WR1X6EFdEP" rel="noopener noreferrer nofollow">pic.twitter.com/WR1X6EFdEP</a></p>— davie satoshi (@NFTdavie) <a href="https://twitter.com/NFTdavie/status/1809665668238754069?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 6, 2024</a>
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<p>Pepe has been the front-running meme coin of the current market cycle.</p>
<p>It has frequently outperformed Dogecoin and Shiba Inu in price gains and trading volume.</p>
<p>As such, it’s no surprise that analysts are backing it for a strong performance in the coming weeks.</p>
<p>This is good news for the new Pepe-inspired meme coin Pepe Unchained, which is also seeing gains in its presale.</p>
<h2 class="wp-block-heading" id="h-could-this-be-the-next-crypto-to-explode-pepe-unchained-presale-nears-3m-for-layer-2-meme-coin">Could This be the Next Crypto to Explode? Pepe Unchained Presale Nears $3M for Layer 2 Meme Coin</h2>
<p>As the lore of Pepe spreads, so does the number of tokens paying homage.</p>
<p>These tokens are referred to as the “Pepe bloodline,” and many, like Brett and Book of Meme, have achieved significant success.</p>
<p>But now, <a href="https://coinpedia.care/b_pepeunchained-en_98081?referrer=pepe-surges-13-analyst-says-pepe-unchained-could-pump-next-as-presale-nears-$3m" target="_blank" rel="noopener noreferrer nofollow">Pepe Unchained</a> is launching and will be the first Pepe bloodline token with its own Ethereum layer 2 blockchain.</p>
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<p>It fills a similar role to Arbitrum, Polygon, and Optimism – processing transactions faster and cheaper than on the Ethereum mainnet.</p>
<p>The big difference is that it’s dedicated to meme coins. It’s the first time the $40 billion sector will have a home within the Ethereum ecosystem.</p>
<p>Pepe Unchained also has a staking mechanism with a 660% APY and is building an Ethereum bridge and a block explorer.</p>
<p>Having drawn $2.8 million in presale investments, prominent industry traders are paying close attention to $PEPU.</p>
<p>ClayBro highlighted its compelling use case and believes that improving market conditions could mark a perfect time to buy the presale.</p>
<p>“Things are bouncing back up, which could be an excellent time to buy,” he said.</p>
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<p>However, potential buyers are against the clock. The current Pepe Unchained price is $0.0083258, but this will rise as the campaign advances.</p>
<p>According to its website, the next increase will occur in one day.</p>
<p><a href="https://coinpedia.care/b_pepeunchained-en_98081?referrer=pepe-surges-13-analyst-says-pepe-unchained-could-pump-next-as-presale-nears-$3m" target="_blank" rel="noopener noreferrer nofollow"><strong>Visit Pepe Unchained Presale</strong></a></p>

Pepe Price Rises, Analyst Says Pepe Unchained Could Pump Next as Presale Nears $3M

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