Pepe (PEPE) is on the move again, rising 20% in the past week as meme coin season heats up.
But can PEPE keep climbing, or is the bullishness just temporary?
Meanwhile, some crypto traders are turning to Pepe Unchained (PEPU) instead – believing this new meme coin might have better prospects than the OG frog token.
PEPE Surges Past Key Resistance Level as Analyst Calls for Repricing Rally
PEPE is up to its old tricks again.
The coin passed through the key $0.000010 resistance level on Wednesday night and has maintained its upward momentum.
PEPE now sits at $0.0000107 – its highest price since October 20th – though it did rise even higher during overnight trading.
Spot trading volumes are getting wild, too.
PEPE is now the world’s second most traded meme coin, with only DOGE ahead of it.
$PEPE – Imo when we flip/hold the highlighted PoB, we'll be ready for the repricing rally.PEPE historically does very well off the rip when BTC is strong, then goes PVP. Hope this time is different bc no one loves this coin more than me. pic.twitter.com/6DgdD1IJY8
— Doc (@docXBT) November 8, 2024
Over the past 24 hours, its volume has reached $1.4 billion, while its holder count has raced past 300,000 worldwide.
Crypto’s biggest names are beginning to take notice.
Popular analyst @docXBT just made a bold prediction: PEPE will experience a “repricing rally” soon.
That kind of talk from a big name has got retail investors fired up.
And with these spot volume numbers, it looks like they’re putting their money where their mouth is.
Trump Victory & Fed Rate Cuts Set Stage for PEPE’s Next Bull Run
So, is PEPE worth buying right now?
It certainly looks that way.
Trump’s return to the White House is huge for crypto – he’s been vocal about supporting digital assets in the past.
Meme coins tend to thrive when crypto-friendly faces are in charge.
Add in the Fed’s second straight rate cut, and you have the conditions for serious upside.
When interest rates are low, “riskier” assets like crypto tend to do better.
Again, this is excellent news for meme coins like PEPE.
The coin’s price chart is looking bullish too, since PEPE just printed a massive retracement candle on the weekly timeframe and broke through its 50-day EMA.
These are both classic signs that the bulls are back in control.
September’s peak of $0.0000119 is the first target on traders’ radars, with July’s high of $0.0000131 also possible if these conditions remain.
If PEPE were to hit this second target, it would represent another 22% rise from here.
Clearly, there’s still room to run for the market’s favorite frog coin.
Is Pepe Unchained the Next Big Meme Coin? $25.5M Presale Coin Offers 94% Staking Rewards & Layer-2 Innovation
While PEPE is looking strong, the smart money might be eyeing an even bigger opportunity in Pepe Unchained.
This isn’t just a PEPE copycat – it’s a project solving real problems in the blockchain space.
Pepe Unchained’s main feature is a Layer-2 network that could make trading meme coins on Ethereum more affordable.
No more huge gas fees or waiting forever for trades to go through.
Plus, the team has just announced their new Pump Pad feature – Pepe Unchained’s answer to Solana’s Pump.fun.
When you compare Pepe Unchained to PEPE, the former’s potential looks appealing.
While PEPE has already experienced a price explosion and boasts a multi-billion dollar market cap, Pepe Unchained has yet to hit exchanges.
Yet it’s already raised over $25.5 million in presale funding.
However, the main reason for considering Pepe Unchained over PEPE is that it has genuine utility.
Along with the Layer-2 network and Pump Pad platform, Pepe Unchained also has a staking app that offers yields of 94% per year.
Some big names are beginning to get excited about the project.
For example, YouTuber Crypto Nitro, who has over 146,000 subscribers, released a video earlier this week reviewing Pepe Unchained.
He speculated it might be the best meme coin to invest in now.
All in all, while PEPE is the more established of the two, Pepe Unchained looks set to make bigger moves in the weeks and months ahead.
Visit Pepe Unchained Presale
