The big news in crypto today is that Bitcoin (BTC) has hit another all-time high. It briefly went over $73.5k before losing a small bit of its gains but still remains up on the day. It is not with the market’s number one token that we are going to stay for this piece, instead, we are going to examine a project that could become one of the best meme coins of all time.
This is a very ambitious statement we understand but by the end of this analysis, we think you will all agree it does have that potential. Meme coins as a whole have been thriving in 2024 and what is most noticeable is they have seen the most growth of any other crypto sector.
Recently in October, it was noticeable when other sectors of crypto struggled, the total meme coin market cap was still going up. Over the last few months, one presale token has also been thriving, and that’s Pepe Unchained ($PEPU). Its presale is now reaching record territory so let’s dive in and see why it is so attractive to investors.
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Pepe Unchained- Heading toward being the best meme coin presale ever
We would never advise readers to purchase a token just based on presale metrics. There is so much more that goes into being a successful project once listings begin. That being said, one glance at the number that Pepe Unchained ($PEPU) is putting up, and it’s hard not to dive right in.
The presale has now raised over $23.7 million. That puts it at just about $1.3 million off being the most successful meme coin presale of all time. It should be noted they have also raised this money in a shorter period than the current record holder Wall Street Memes ($WSM).
There has been a consistent inflow of funds throughout the presale that has meant at no point did it turn stagnant. Now to the why. There are a few reasons that we think this presale coin is so popular. The main one is its future potential but there is also the meme itself.
Since the launch of Pepe Coin ($PEPE) in the late spring of 2023, the Pepe meme has become incredibly popular with meme coin investors. It would have been almost impossible to think another meme could challenge the pups at Dogecoin ($DOGE) and Shiba Inu ($SHIB), but that’s what happened. So, of course, a project that promises to unchain Pepe so it can reach its full potential is going to be popular.
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Could Pepe Unchained one day surpass the popularity of Solana and Ethereum?
So, how does this project plan on unchaining the Pepe meme? Well, it will start with building on top of Ethereum. That will mean it has its own chain and that’s where all the possibilities come from. The most recent project it will be trying to replicate is Coinbase’s Base chain which launched earlier this year and now hosts the very successful Brett ($BRETT).
Having your own chain means that one day you can host other big projects, namely meme coins. We have seen Solana explode at the start of 2023 in popularity. This mainly came from DogWifHat ($WIF) and other very popular meme coins building on the Solana network.
Pepe Unchained means business and has already begun to set their plans in motion. The Pepe Frens With Benefits development grant is going to run during the quarter. This is a grant that will entice the best and brightest crypto creators to build on the Pepe Unchained network. It is rare to find a meme coin that is this serious about its ambition.
The benefits of Layer 2 don’t just affect the project and creators either. There are also great benefits for investors. There are faster transaction speeds and lower gas fees which means more room for gains. Most important though are the staking rewards. Over $1.6 billion $PEPU tokens have been staked but the APY is still at an impressive 99% so lots of potential rewards up for grabs for investors.
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Conclusion
As you can see Pepe Unchained is truly a one-in-a-generation meme coin. It is very rare to find a new meme coin project with such ambition that is already taking steps to realize its lofty goals. There is a reason whales have been buying up so much $PEPU and we think it’s a no-brainer decision to join them.
Disclaimer: CaptainAltcoin does not endorse investing in any project mentioned in this article. Exercise caution and do thorough research before investing your money. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the reader. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
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