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Analyst forecasts Pepe’s sideways trend will end soon, predicting a surge that could boost new projects like Pepe Unchained.
There’s an end in sight for Pepe’s sideways price action – a leading analyst says it’s preparing to explode.
Should Pepe start to rise, that would also provide a tailwind for new projects like Pepe Unchained.
Analyst predicts Pepe Set to Skyrocket in November
Just four months remain in 2024, but in crypto, a lot can happen in that window. And according to prominent trader Vegeta, it’s enough time for another epic saga in Pepe’s eventful trajectory.
Pepe is currently trading at a price it was at almost six months ago. That’s enough to frustrate even the most patient of investors when we’re supposed to be in a bull market.
Vetega thinks this sideways action will continue long enough for people to lose hope, but the price will skyrocket just as they give up.
If the analyst is correct, then those who stick around will be rewarded times over.
“Bore and accumulate till death and then 20x,” was how he describes it.
$PEPE bore n accumulate till death n then 20x! pic.twitter.com/tTj73mnhUK
— VΣGΣƬΛ (@VegetaCrypto1) September 1, 2024
The analyst provides a price chart showing Pepe continuing to trade within a sideways channel between $0.00000631 and $0.00000991 until November.
At this point, it will rally from support and smash through the resistance.
Vetega’s price chart shows a path to $0.0005, although his 20x forecast would send it a lot higher than that.
Currently, Pepe is trading at $0.000007636. Reaching the $0.00005 target would provide a 550% gain from its current price.
And Vetega is not the only analyst anticipating big returns.
Morja posted a Pepe prediction on X that has gone viral. It depicts a similar pattern to Vetega’s, except with the initial rally brought forward to October.
Moreover, Morja’s price chart shows a price target of $0.00013, a 1,602% increase from its current price.
https://x.com/MorjaAlex/status/1829139183446974675
Should Pepe realize gains of this magnitude, it would undoubtedly be bullish for other memecoins.
One of the projects that may benefit the most is Pepe Unchained. It’s a Pepe-themed Ethereum layer 2 blockchain project currently undergoing a presale.
You might also like: Crypto expert says Pepe Unchained could be the next big memecoin
Pepe Unchained presale surges past $11.5M – Is this the next Pepe?
Pepe Unchained will be the first Pepe-themed token to have an Ethereum layer 2 blockchain.
Investors are treating that as a big deal – they’ve already bought over $11 million worth of tokens at presale.
In addition to Pepe’s viral allure, Pepe Unchained exposure to the Ethereum layer 2 narrative is significant – the layer 2 trend has gained serious traction recently.
Ethereum layer 2 activity is at an all-time high, with investors opting for these cheaper and faster blockchains instead of the Ethereum main network.
Plenty of layer 2s are on the market, but Pepe Unchained is the first to focus only on memecoin-related activity. People could launch their own memecoins or memecoin-themed apps on the “Pepe Chain.”
The concept is receiving widespread support, ranging from everyday investors to prominent industry voices. For instance, ClayBro told his 130K subscribers PEPU would “become the top memecoin.”
The analyst also underscored the significance of its presale success.
“We’ve been through a brutal time in price stagnation, yet Pepe Unchained can raise money – they’re doing something no other presale can.”
The Pepe Unchained presale is ongoing and priced at $0.0094603. However, this is expected to rise throughout the campaign, so interest investors should act quickly.
For more information, visit the Pepe Unchained presale website.
Read more: Pepe Unchained presale hits $11M as trader predicts it’ll be the top memecoin
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