This article was paid for*
Frog-themed meme coins are skyrocketing once again, unsurprisingly led by Pepe.
The PEPE price is up by over 31% in the past week and nearly 62% since hitting its local bottom on July 5th. It is currently trading at $0.0000121, with a market capitalization of $5.1 billion.
While most experts are giving bullish Pepe price predictions, there are some growing concerns about whether the better part of its rally is over. However, Pepe’s bullish strength has resulted in a strong bounce in newer frog-themed tokens, including in copycat tokens such as PepeCoin and PeiPei.
A growing number of smart-money traders are also backing Pepe Unchained as the best PEPE alternative, that could potentially deliver up to 100x returns.
Pepe Price Prediction For August – How High Can It Go?
Pepe is showing no signs of potentially being overvalued, indicating that the meme coin still has significant upside potential. For instance, it is still trading nearly 30% below its all-time high, which it could look to retest by the end of July.
The meme coin also continues to see a high daily trading volume, near $1.7 billion today, the 9th highest of any token on CoinMarketCap. This reduces the likelihood of Pepe’s bull rally over the past week being a bull trap or a fake out.
In fact, some experts’ PEPE price predictions suggest that the meme coin’s golden bull run hasn’t even started yet.
Indeed, the spot Ethereum ETFs are yet to go live. Following their expected launch on July 23rd, the Ethereum price is expected to break out and push towards its all-time high. Notably, the Pepe coin and ETH show a strong correlation, with the former acting as a beta bet on the latter.
It therefore stands to reason that analysts are still extremely bullish on PEPE.
For instance, Crypto Lalit (@CryptoLalit151) reveals that the meme coin has secured a break out from a downtrend channel in its daily timeframe. A daily close above it could mean another 50% rally for the Pepe price.
#PEPEUSDT D TF CHART 
$PEPE breakout from downtrend channel is done 
. Lets wait for market to show us the next move. #PEPE can pump 50% from here if it stays strong 
pic.twitter.com/NF5tkZgcPY
— Crypto Lalit (@CryptoLalit151) July 17, 2024
Similarly, the Elliot Wave Theory highlights that the token is currently in the midst of its 5th impulsive wave, which is also indicative of another 60% upside move.
$PEPE last wave of the cycle. pic.twitter.com/eCd0SXWQMg
— ᴀʟᴛꜱᴛʀᴇᴇᴛ ʙᴇᴛꜱ (@AltstreetBet) July 17, 2024
Therefore, our Pepe price prediction for August expects the meme coin to hit a new all-time high and trade as high as $0.000019 by the end of the month.
Experts Believe New Frog Meme Coins Could Deliver 100x Returns
Even some of the most bullish Pepe price predictions expect the meme coin to peak at a $50 billion market cap this year, which would mean a 10x rally from its current price.
On the contrary, some experts believe that newer frog-themed tokens can potentially deliver up to 100x returns.
Several of the top trending ‘hot pairs’ on DEXTools are new Pepe related listings, including Maga Pepe (MAPE), Rocket Frog (RFrog),
Popular crypto trader Bluntz (@Bluntz_Capital) – who has over 265k followers on X – highlights that PONKE – is forming a similar structure that many 100x Solana meme coins displayed before breakout.
so many meme charts are now putting in structures that we saw in sol shitters that 100x'd earlier in the cycle ive mentally bookmarked as extremely bullish ones.
my portfolio is starting to look like noahs ark again.$ponke pic.twitter.com/3L2ZKZA1dV
— Bluntz (@Bluntz_Capital) July 17, 2024
Similarly, PeiPei, APU and PepeCoin are showing significant strength, seeing gains higher than PEPE today.
However, these copycat tokens face one major issue. The aforementioned coins – except PONKE – are all Ethereum-based meme tokens, which often require high trading fees and see little to no retail investment.
Consequently, they often end up seeing nothing more than pump-and-dump price action.
Why Pepe Unchained Could Be The Best PEPE Alternative?
Pepe Unchained (PEPU) is also a new frog-themed meme coin, but with an innovative twist that is already attracting substantial interest from retailers and smart money traders alike.
Rather than facing the heavy traffic on Ethereum, Pepe Unchained is set to launch its own Layer-2 chain, with the promise of low trading costs and fast transactions.
In a way, PEPU shares similarities with Brett. Brett’s meteoric ascent to near $1.5 billion market cap is largely driven by the low trading fees and high retail involvement on the Base Layer-2 chain.
Furthermore, the Pepe Unchained staking pool is also offering high staking rewards. The current reward rate is over 480% and while it is expected to decrease in the coming weeks, it will likely remain much higher than the industry standard. High staking rewards are another attractive proposition for retail investors.
Unsurprisingly, the PEPU presale has already raised close to $4 million in its ICO. The meme coin is expected to launch in August, very likely in the midst of a major bull market.
Notably, several small-scale investors became millionaires overnight during this year’s first-quarter bull run by investing in new meme coins.
Consequently, experts believe that the meme coin could offer 50x to 100x returns after its launch.
Visit Pepe Unchained Presale
*Cryptonomist did not write the article or test the platform.
