The post Analyst Says This Layer 2 Meme Coin Could be Set for 10x Gains appeared first on Coinpedia Fintech News
New meme coin Pepe Unchained ($PEPE) is primed for massive gains, according to a top analyst. The project is currently in a presale, and it has raised over $7.5 million so far.
As the first Pepe-themed meme coin with its own layer 2 blockchain, investors are scrambling to secure the biggest discount on Pepe Unchained.
This is because the $PEPU price will rise throughout the presale.
99Bitcoins analyst predicts Pepe Unchained will explode
Other Pepe-related joke tokens like Hoppy and PeiPei have gained significant traction as the Pepe community hopes to catch another Pepe-like run.
This is what caught the eye of a 99Bitcoins analyst in a recent YouTube video.
The analyst targets between 2-100x gains for $PEPU but specifically mentions 10x potential.
He underscored that Hoppy and PeiPei have similar branding to Pepe and said the same is true for Pepe Unchained.
“And what we are seeing now is this new ecosystem called Pepe Unchained, which again is quite similar, with its branding, angle, and alternative angle,” he said.
The analyst then turned to Pepe Unchained’s utility, highlighting that it’s an Ethereum layer 2 blockchain with lower fees and faster speeds.
Unlike other Pepe alternatives, Pepe Unchained is building something with real value.
Its layer 2 blockchain is a new home for meme coins within the Ethereum ecosystem.
No more worries about high fees or long wait times – it’s just pure memetic excitement.
Other analysts are also bullish on Pepe Unchained.
ClayBro backed the project and speculated it “could be the top meme coin coming up.”
Adding to his positive outlook, ClayBro suspects the crypto bull run is just getting started. When it does, he thinks retail traders will flock to Pepe Unchained.
$PEPU is surging as the crypto market recoups its losses
Make no mistake: crypto bulls are back with a vengeance.
After monumental sell pressure on Monday, traders are now taking advantage of the low prices.
Market leader Bitcoin tested lows of $49K on Monday, but today, it reached highs of $62K.
Meanwhile, the total crypto market cap has climbed from lows of $1.76 trillion to $2.14 trillion today, adding almost $400 billion in value.
And as the crypto market recovers, Pepe Unchained is emerging as a promising newcomer.
With over $7.5 million raised, the token is receiving considerable attention even in its earliest stages.
But here’s where it gets interesting.
In ClayBro’s analysis, he underscored that retail investors have yet to return to the market compared to 2021. This is good news for $PEPU.
Sunnydecree also illustrated this by showing that whales, not everyday retail traders, swept up the recent crypto dip.
While noobs are panic selling, whales are panic buying.#Bitcoin pic.twitter.com/9y9RQhuhFd
— sunnydecree (@sunnydecree) August 4, 2024
According to ClayBro, when retail returns, Pepe Unchained’s combination of meme coin allure and robust utility could make it a fan favourite, enabling its price to explode.
Meme coins need a dedicated layer 2, and that’s what Pepe Unchained provides
Low fees, high speeds, and access to the entire Ethereum ecosystem – Pepe Unchained ticks every box.
The project will also have staking, an Ethereum bridge, and a block explorer.
And it’ll be a home for meme coins.
Right now, the Ethereum layer 2 space is booming.
Just this week, Ethereum founder Vitalik Buterin alluded that “cross-chain layer 2 interoperability” will be here soon.
While that might sound complicated, all it means is that people can use any layer 2 blockchain without having to switch networks or bridge funds manually.
It will save time and headaches for everyone who uses them.
I think people will be surprised by how quickly "cross-L2 interoperability problems" stop being problems and we get a smooth user experience across the entire ethereum-verse (incl L1, rollups, validiums, even sidechains). I'm seeing lots of energy and will to make this happen.
— vitalik.eth (@VitalikButerin) August 5, 2024
And right now, layer 2 transaction activity is at an all-time high.
According to L2Beat, the average number of layer 2 transactions per second peaked at 317 on 7 August.
The demand for fast, low-cost transactions has never been stronger.
Similarly, meme coins are thriving. While the total crypto market cap is up 6% today, the meme coin market cap is up 12%.
So, by combining these two narratives, Pepe Unchained is positioned for success.
Don’t miss out. Follow Pepe Unchained on X or join its Telegram for updates. Otherwise, visit its website to buy and stake tokens.
Visit Pepe Unchained Presale