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Fwog memecoin soars 70% in a week, sparking interest as the next Pepe. Meanwhile, Pepe Unchainedâs presale hits $16.8M.
Table of Contents
Fwog flips resistance levels into support, analyst back for 4x gains
Pepe Unchained nears $17M raise as traders flock to Pepe Chain narrative
A new memecoin is providing investors with huge gains. Itâs called Fwog and has surged over 70% in the past week. Could this be the next Pepe?
Fwog flips resistance levels into support, analyst back for 4x gains
Low-cap memecoins are having a renaissance, and FWOG is the latest to explode.
The Solana-based project has been on an upward trajectory since its launch in August, but this week, a wider market appetite for meme coins has expedited its progress.
Even while the Bitcoin price slumps, small memecoins have pushed ahead. Degen (Base), Littlemanyu, and Fwog are all top gainers today.
Fwog is currently trading at $0.12, up 33% today, 75% this week, and 68% this month.
It has a $125 million market cap and a $27 million trading volume.
James.eth underscores the projectâs relative strength against Bitcoin, labeling $1 billion as a potential target.
The analyst alludes that FWOG will explode as the crypto market recovers, given its performance amid the current downturn.
you are witnessing something very special $fwogMarket is dumping and $fwog is pumping ! Imagine when $btc hits $70,000 again đââïž$fwog to billion is programmed pic.twitter.com/lyT9r1d03f
â James.eth (@James100xeth) October 2, 2024
Meanwhile, TraderSZ looks at FWOGâs price chart and notes that it has flipped a trend line resistance into support.
According to the analyst, the next target is $0.5, over a 4x from its current price.
$FWOG time https://t.co/vk92E2UnJP pic.twitter.com/fb6rJ1DtBf
â TraderSZ (@trader1sz) October 1, 2024
Meanwhile, prominent trader Sting underscored that Frog has flipped a horizontal resistance into support.
Itâs just a⊠$FWOG pic.twitter.com/57M3AAu8KW
â Sting (@KRTrades_) October 1, 2024
Although the analyst didnât provide a price target, the confluence between traders identifying breakouts is a good sign for Fwogâs future.
But to answer the question posed at the beginning of this article:
Itâs unlikely that Fwog reaches Pepeâs heights.
Fwog is one of many Pepe-inspired tokens, and while itâs bullish, the differences are arbitrary between Fwog and other Pepe-themed memecoins, for example, Fwog (ETH).
However, the project remains in its early stages and shows signs of a bright future.
But for investors seeking a Pepe alternative with a more distinguished use case, Pepe Unchained may be of interest.
Itâs building the first Pepe-themed Ethereum layer 2 blockchain, and itâs currently undergoing a presale.
You might also like: Neiro Ethereum recovers 10% as whales invest; Pepe Unchained gains momentum
Pepe Unchained nears $17M raise as traders flock to Pepe Chain narrative
Imagine an entire blockchain housing Pepe-themed tokens and apps. Thatâs the ecosystem that Pepe Unchained is creating.
Itâs launching a new layer 2 blockchain on top of Ethereum, which will be 100x faster and much cheaper.
The projectâs ongoing presale has raised a staggering $16.8 million so far, showing an unparalleled investor appetite.
The team is now preparing for the PEPU token launch, recently revealing that theyâre in talks with tier-one exchanges and that the âPepe Chainâ will launch simultaneously.
Pepe Chain will also include staking, a block explorer, an Ethereum bridge, advanced analytics, and a DEX â everything youâd expect from a leading blockchain.
Top analysts are paying close attention â ClayBro recently said it has 100x potential.
ClayBro underscored that âpeople are excitedâ because Pepe Unchained is a layer 2 for meme coins.
Itâs the best of both worlds, blending Pepeâs viral allure with the tangible utility of an Ethereum layer 2 blockchain.
Currently, the Pepe Unchained presale price is $0.0099.
However, this will likely rise throughout the campaign, with the next increase in one day.
For more information, visit the Pepe Unchained presale website.
Read more: Brett vs. Bonk: Pepe Unchained aims to disrupt the memecoin scene
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