Pepe (PEPE) is back making headlines, and everyone’s wondering if it’s about to explode again.
This frog-themed token is seeing its price and trading volumes climb rapidly.
But is this the start of a real Pepe comeback, or just another short-lived pump?
PEPE Coin Rallies as Spot Trading Volumes Pass $1B
Pepe has had a positive week.
And investors are starting to pay attention to the token once again.
It’s currently hovering around the $0.0000087 level, a 13% jump in the past 24 hours.
But it gets better, since PEPE is actually up 49% from its low on Monday, bringing it back to where it was last Saturday afternoon.
The token still has a long way to go before returning to local highs.
However, there are definitely signs that the tides have turned.
Spot trading volumes have exploded, with $1.1 billion worth of PEPE changing hands in the past day.
That’s more than DOGE, making PEPE the most-traded meme coin right now.
Even derivatives traders are starting to notice the bullishness.
Open interest is up by 9%, hitting $42 million, which means people are betting on PEPE’s continued rise.
All things considered, things are looking up for this amphibian token.
What’s Next for PEPE as Bullish Momentum Builds
So, where could PEPE go next?
Right now, the token is attempting to clear the 50-period EMA on the 4-hour chart.
If it can pass that EMA, things could get interesting.
The next big milestone to watch is $0.000010 – a round number likely to have psychological importance for traders.
If PEPE can make it there, we might see it push through and head back to the local highs at around $0.000013.
Crucially, this bullishness isn’t just about PEPE.
The whole crypto market is rebounding, with Bitcoin now back above $61,000.
Even the Crypto Fear & Greed Index has perked up and is back in “Neutral” territory.
There’s also talk that the Federal Reserve might cut interest rates by 0.5% next month instead of the 0.25% everyone was expecting.
If that happens, it’ll be positive for crypto.
Lower interest rates usually make investors hungrier for “risky” assets with bigger potential returns.
Overall, is now a good time to buy PEPE?
As with all things in crypto, doing your own research is essential.
But the token’s recent bullishness and the market’s comeback suggest it might be worth considering for your portfolio.
Which Other Meme Coins Could Be Worth Buying?
While PEPE has been rallying, smart investors have already been hunting for the next breakout star.
One project that’s gotten people’s attention is Pepe Unchained (PEPU) – a new meme coin building its own Layer-2 network.
Could Pepe Unchained be a Better Investment Than Pepe? New Meme Coin ICO Raises $7.5M
Pepe Unchained’s team isn’t playing around.
It’s not just another useless project – Pepe Unchained is aiming high and building a Layer-2 network specifically designed for joke tokens.
Think of it like an express lane for dog/cat/frog coins.
Pepe Unchained’s presale has already raised over $7.5 million.
That’s a significant figure for such a new project, highlighting people’s excitement about the Layer-2 plans.
But Pepe Unchained’s Layer-2 isn’t just about speeds.
The team is also aiming to tackle one of Ethereum’s biggest pain points: the sky-high gas fees that can turn a small trade into a nightmare.
By cutting those fees down, Pepe Unchained could make it easier for smaller traders who can be priced out when the Ethereum network is congested.
And for those who like to hold onto their tokens, Pepe Unchained has another exciting feature – a staking app for its native PEPU token.
Stakers can earn above-average yields by locking up their PEPU.
The analysts at 99Bitcoins believe this staking app, combined with the Layer-2 plans, could make PEPU a “top meme coin” going forward.
So, is PEPU also a buy right now?
It’s still too early to say for sure, but the potential is certainly there.
With millions raised in presale and a DEX listing on the horizon, Pepe Unchained could be one to watch in the months ahead.
Visit Pepe Unchained Presale
