PEPE, the popular meme coin, is making headlines due to several key developments on November 23, 2024. The coin has garnered attention for its major listing on BitMart, a substantial price surge, and a highly successful presale. Additionally, speculation is mounting around potential listings on major exchanges such as Binance and Coinbase, which could further boost its prominence.
Presale Performance
The PEPE Unchained presale has been an overwhelming success, raising $11.8 million in just seven days. At this rate, the project is on track to raise nearly $80 million by its launch date on December 13. The daily investment during the presale period has averaged $1.69 million, with the total funds raised today exceeding $40.3 million. This demonstrates strong investor confidence in the meme coin’s potential.
Price Action and Market Correction
Over the past week, PEPE has experienced a remarkable 57.85% price increase, breaking key resistance levels at $0.000017 and $0.00002. However, the coin has recently entered a price correction phase, mirroring Bitcoin’s movement. Currently priced at $0.00002028, technical indicators suggest the possibility of further upward momentum in the near term.
Layer 2 Capabilities and Ecosystem Expansion
PEPE Unchained aims to enhance the efficiency of the PEPE ecosystem by introducing layer two solutions. This initiative includes migrating PEPE to its own blockchain, which will significantly improve transaction speeds (up to 100x) and reduce network fees. Additionally, this upgrade will facilitate the development of next-generation decentralized applications (dApps) within the PEPE Unchained ecosystem, enhancing its scalability and utility.
Developer Grants Program and Token Launchpad
PEPE Unchained has introduced a developer grant program to financially support developers building on its blockchain. Furthermore, the project has launched its own token launchpad, positioning it as a direct competitor to Solana’s Pump.fun platform. These initiatives aim to establish PEPE Unchained as a leading player in the meme coin and blockchain spaces.
Pepeto: A Cross-Chain Utility Project
Pepeto is a new project designed to complement the PEPE ecosystem by providing cross-chain trading capabilities with zero fees, advanced liquidity management, and a platform for token listings. It emphasizes community-driven development and offers a staking rewards program to incentivize long-term investment. Pepeto's focus on cross-chain utility and community engagement is expected to strengthen the PEPE ecosystem.
Conclusion
PEPE continues to make significant strides in the cryptocurrency space, supported by robust presale performance, ecosystem upgrades, and strategic initiatives like layer two capabilities and developer grants. While its recent price surge and correction highlight market volatility, the coin’s long-term potential remains promising, particularly with its focus on innovation and community-driven development.