Pepe – like most other leading meme coins – has struggled of late, with the token currently 8% down on the monthly chart, and 57% off its highs.
However, popular crypto analyst Umar Khan has stated that the meme coin could be a good buy at current prices ahead of the next bull run.
Khan Looks to SHIB Price and Market Recovery For Pepe Ballpark
Khan – in a video on the 99Bitcoins Youtube Channel, which boasts over $700k subscribers – highlights how Pepe has continually outperformed other top meme coins, such as Shiba Inu.
He notes that Pepe’s current market cap is less than half of SHIB’s, with crypto prices currently down significantly. So as they begin to recover, the upside for Pepe to catch SHIB would be much more than a 2x gain – but that could well happen.
Pepe has continually outperformed SHIB since its 2023 launch. In the past year, Pepe is up 984% from one year before.
In comparison, SHIB is up 86%. Not a shabby return, but it’s a drop in the ocean compared to Pepe’s growth.
Even today, Pepe is up 3% while Shiba Inu is up 1%.
Should this trend continue, then it would only be a matter of time before Pepe can successfully flip the second-in-command meme coin.
After months of bearish momentum, an end is in sight for the crypto’s adverse price action. As highlighted by Umar Khan, the current discount on Pepe could provide strong gains.
However, with a $3 billion market cap, its upside potential is less than it was in previous bullish periods.
Therefore, Umar Khan recommends Pepe Unchained as an alternative to Pepe.
The project is currently in its presale stage and has raised a staggering $12.9 million so far. That’s a substantial heap of cash for a presale raise, but it’s all thanks to its use case, blurring the lines between a meme and a utility coin.
Pepe Unchained raises $12.9 million for meme coin L2
Ethereum has faced a scalability issue for a long time, but Pepe Unchained is here to help.
Before we get into it, here’s some background: Ethereum limits the block size on its network to maintain decentralization, but this makes it slow and expensive to use. Layer 2 blockchains have solved this, working on top of Ethereum with low fees and fast transactions.
The layer 2 ecosystem is thriving, and Pepe Unchained sprinkles a meme coin flavor.
The project is building the first Ethereum layer 2 blockchain specifically for meme coins. It promises to be 100x faster and much cheaper than the Ethereum main network.
Moreover, it boasts features like a dedicated Ethereum bridge, a block explorer, and a staking mechanism.
The response to its presale has been emphatic, evidenced by its near-$13 million raise.
It’s also illustrated by analysts’ support. Alongside 99Bitcoins recommending it as a promising Pepe alternative, others like ClayBro have said has up to 100x potential.
ClayBro cited that the presale has exploded, even while the wider crypto market has faced a headwind.
Currently, investors can buy $PEPU at a presale price of $0.009651.
However, the price will rise throughout the ICO, with the next increase in one day.
Visit Pepe Unchained Presale
