PEPE Update – November 23, 2024 Initial Listing and Market Performance
$PEPE, a prominent memcoin, has received significant attention with its recent listing on BitMart, sending prices soaring and increasing investor interest. The ongoing pre-sale has been remarkably successful, raising nearly $12 million in seven days. Speculation about potential listings on major exchanges such as Binance and Coinbase has also increased market expectations.
Pre-sales success
The PEPE Unchained presale has raised over $11.8 million in the past week alone, with a trajectory suggesting it could reach $80 million by its launch on December 13. The average daily investment is approximately $1.69 million. To date, total funds raised have exceeded $40.3 million, demonstrating strong investor confidence.
Price movements and market correction
Over the past week, PEPE price has increased by 57.85%, breaking the critical resistance levels of $0.000017 and $0.00002. Currently trading at $0.00002028, memcoin is experiencing a slight correction, mirroring Bitcoin’s price action. Technical indicators point to the possibility of a resumption of bullish momentum in the short term.
Layer 2 technology expands the ecosystem
PEPE Unchained leverages Layer 2 technology to solve congestion on the Ethereum mainnet. The project aims to transform PEPE into its own blockchain network, promising to increase transaction speeds by 100x and significantly reduce network fees. This migration will also enable the development of decentralized applications within the PEPE Unchained ecosystem, expanding their use and adoption.
Developer Initiatives and Launchpad Delivery
To foster the growth of the ecosystem, PEPE Unchained has launched a developer grant program, providing financial support to build on its native blockchain. Additionally, the introduction of a token launcher puts the project in competition with platforms like Solana’s Pump.fun, establishing its presence in the competitive memcoin market.
Pepeto: cross-chain innovation
Complementing the PEPE ecosystem, Pepeto is a cross-chain memcoin project that emphasizes community interest and development. It offers free cross-chain trading, liquidity management, and token listing capabilities. By focusing on developing a paid community and staking rewards program, Pepeto aims to foster long-term user engagement and support the broader PEPE ecosystem.
résumé
PEPE’s recent highlights, including a successful pre-sale, price performance, and ecosystem expansion through Layer 2 technology and developer programs, position it as a major player in the evolving memcoin space. Strategic innovations such as Pepeto and its token launch platform enhance its long-term growth capability and market dominance.
