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Meme coins are continuing to break out, propelled by Bitcoin’s push towards $66k.
Unsurprisingly, Pepe is one of the top gainers and has rallied by nearly 20% on Friday. Its market capitalization has now reclaimed the $4.5 billion mark and the latest Pepe price predictions suggest a strong likelihood of a bullish continuation.
PEPE’s strength is being mirrored by other frog meme coins. For instance, PeiPei, Arbi Pepe and PepeCoin are all up double digits.
Pepe Unchained – a low-cap gem – has raised nearly $16 million in presale funding, with a few analysts calling it the next 10x crypto.
Pepe Price Prediction – Is It Headed To $32 Billion?
Pepe appears poised to push towards a new all-time high in 2024.
As such, the crypto market is days away from entering the fourth quarter, which has typically been its best-performing period. In fact, the Bitcoin price is already set to record its best-ever September, thanks to rate cuts in the US and China as well as BlackRock’s soaring BTC holdings.
Experts highlight that Pepe is an excellent beta bet on Bitcoin and Ethereum and could therefore deliver outsized returns in the fourth quarter as well. $PEPE’s strong technicals are also hinting towards a strong uptrend. For instance, it has broken out of a multi-month downtrend as top analyst Rekt Capital charted today.
Top ranked Bybit trader Bluntz also highlights that Pepe has breached a Rising Wedge pattern in the 4-hour time frame, which has historically been an extremely bullish signal for it and meme coins.
https://t.co/FgQaQANeGk pic.twitter.com/zsFCHNJcgg
— Bluntz (@Bluntz_Capital) September 27, 2024
Unsurprisingly, the latest Pepe price predictions from experts see the meme coin push towards new all-time highs.
For instance, prominent crypto traders see striking similarities between the current PEPE price chart and its price action in Q4 for 2023. A macro range, followed by a subsequent breakout from a multi-month downtrend.
In the previous case, Pepe saw an 8x growth in its market capitalization. If the trend repeats, it could mean a $32 million market capitalization for the meme coin by March of 2025.
Pepe is an excellent beta play on Bitcoin and Ethereum. With experts projecting BTC to hit $100,000 this year and ETH to soar to $10,000, an 8x growth in PEPE wouldn’t be a surprise.
However, this would require a favourable macroeconomic and political environment. The bulls would hope for a soft landing – a decline in inflation without a recession – as well as a Trump victory to meet the aforementioned projections.
Frog Meme Coins Soar – Is Pepe Unchained The Best Crypto To Buy Now?
Frog meme coins show a strong correlation with PEPE, just as it shows a strong correlation with Bitcoin. Unsurprisingly, Arbi Pepe, PepeCoin and PeiPei are all up by nearly 20%.
However, a low-cap gem – Pepe Unchained (PEPU) – is stealing the headlines with its robust presale funding. The PEPU presale is now closing in on the $16 million mark, indicating a strong demand for the project.
An incredible $15M raised! 
Get warmed up for the biggest launch of this bull season! pic.twitter.com/EyDn4uzZ6z
— Pepe Unchained (@pepe_unchained) September 24, 2024
Unlike the other frog meme coins, Pepe Unchained isn’t a copycat coin. Instead, it is introducing a Pepe The Frog-themed meme coin ecosystem, including a Layer-2 chain designed for meme coin trading.
Additionally, it will launch a DEX, a block explorer, an Ethereum bridge and developer grants for new meme coins.
PEPU holders are also earning attractive staking rewards, currently at an APY of over 130%.
It is therefore no surprise that the new meme coin has caught the attention of whales and smart money investors. One whale purchased $200k worth of PEPU in just one transaction.
With such strong demand, prominent traders are aiming for outsized returns with Pepe Unchained. Some are even calling it the next 100x crypto.
Visit Pepe Unchained Presale
*Cryptonomist did not write the article or test the platform.
