[Advertisement] Pepe (PEPE) is showing signs of recovery after a period of adjustment and sideways movement. The price of this coin has increased by 4% just yesterday, attracting the attention of traders and raising the question of whether it can grow again in the late year.
At the same time, the interest of some investors is shifting towards Pepe Unchained (PEPU) – a meme coin that also uses the green frog image and is currently in the presale phase. This project has already raised over $70 million and will list on DEX immediately after the presale ends.
The similarities and differences between PEPE and PEPU are creating an interesting comparison in the cryptocurrency market. Should one invest in PEPE for stable returns or seek opportunities to multiply assets with PEPU?
PEPE has recovered 12% in a vibrant cryptocurrency market.
Currently, PEPE is trading at $0.0000194 after consolidating the support level at $0.0000173. This recovery is quite impressive, as the price has increased by 12% from the lowest recorded on December 3. In fact, the price even reached over 17% at one point but later adjusted due to profit-taking pressure.
On the chart, PEPE is showing positive signs, having successfully tested the EMA 50 line in the H4 frame. This could be an important support level, creating an opportunity for the price to maintain an upward trend.
PEPE is recovering well, but Pepe Unchained (PEPU) is the breakthrough opportunity.
The spot trading volume of PEPE has increased significantly, with a 36% rise in the past 24 hours, reaching over $3 billion. Moreover, the total value of open contracts has also increased by 11%, reaching $105.6 million. This indicates that traders are not only holding old positions but are also opening new positions, confident in PEPE's growth potential.
Although there is no specific reason that can explain this price increase, the recovery of PEPE seems to benefit from the optimism across the market. The price of Bitcoin has surpassed $95,000 and is generating high expectations about reaching $100,000. This enthusiasm not only drives money into Bitcoin but also creates a positive sentiment for other cryptocurrencies, including meme coins like PEPE.
The price chart of PEPE shows strong upward signs.
The price chart of PEPE shows the potential for continued growth in the near future. On the daily frame, a bullish flag pattern has appeared, signaling that the price may continue to rise sharply.
PEPE has bounced from the 0.618 Fibonacci retracement level, a threshold often seen as strong support during corrections. If this level is upheld, the next target could be $0.000029, corresponding to the 1.272 level of Fibonacci extension – an indicator commonly used to predict the next breakout.
PEPE is recovering well, but Pepe Unchained (PEPU) is the breakthrough opportunity.
The market sentiment towards PEPE is also gradually changing in a positive direction. The famous cryptocurrency trader Keller Call believes that PEPE has completed the breakout and retest pattern, indicating that the price is ready to continue the upward trend.
The trading volume of PEPE is increasing strongly, reinforcing the belief that buying pressure is growing. Keller believes that the combination of high trading volume and positive technical signals indicates that PEPE has many opportunities to break out in the short term.
Although PEPE still needs to make more efforts to regain an upward trend, the current price may be an attractive entry point for risk-tolerant investors. However, managing risk and maintaining reasonable positions is very important, as the cryptocurrency market is known for its high volatility.
Pepe Unchained surpasses the fundraising milestone of $70 million. Could PEPU be a better choice than PEPE?
Although PEPE is showing signs of positive recovery, more and more investors are starting to shift their attention to Pepe Unchained (PEPU), a fresh and promising option due to the practical value it brings.
While PEPE only attracts community attention thanks to its humorous green frog image, Pepe Unchained is a perfect updated version, combining the fun elements of meme coins with the practical application of Layer-2 blockchain. The project will build an advanced Layer-2 blockchain platform, combined with a complete ecosystem dedicated to meme coin trading. If meme coins trade on Ethereum at a speed of 15 transactions per second, this number will be 1,500 times on 'Pepe Chain'. This factor provides a significant utility advantage for PEPU, creating a considerable difference compared to regular meme coins, including PEPE.
PEPE is recovering well, but Pepe Unchained (PEPU) is the breakthrough opportunity.
The interest in Pepe Unchained is not only based on promises but also reinforced by impressive numbers. The project's presale phase has raised over $70 million after three months of public fundraising. There are only 10 days left until this presale program officially ends, and the community's excitement leads many to believe that the price of PEPU could explode when listed on DEX exchanges.
Notably, the famous YouTuber ClayBro, who has had many credible analyses of cryptocurrencies, has praised the potential of Pepe Unchained. He evaluates this as a project that could completely change the meme coin sector and bring investors up to 100x returns. This is driven by the low market capitalization of PEPU, which opens up significant growth potential. This is also a crucial factor that investors often seek when hunting for breakthrough opportunities in the market.
According to disclosed information, they have completed the audit of Pepe Chain to officially launch this Layer-2 blockchain after the presale ends. Additionally, the team of Pepe Unchained has also actively implemented a developer support program to attract more projects to develop on this platform.
Although PEPE remains a safer choice due to its stability, Pepe Unchained stands out for having many practical utilities, enormous fundraising capital, and great community expectations. With these advantages, Pepe Unchained has many opportunities to become one of the most notable meme coins of 2024.
This is not investment advice. Investing in the crypto field is extremely risky and can result in the loss of the entire investment. You need to do thorough research before acting; we do not take responsibility for your investment decisions.
