It’s summertime, the sun is shining and the birds are singing but unfortunately, it’s frosty conditions for the crypto market. In 2014 Mt Give had billions worth of Bitcoin (BTC) stolen and now that is finally being repaid. Up to 99% of Mt. Gox’s $8.2 billion Bitcoin could be sold and that has put massive pressure on BTC holders to sell.
As readers familiar with the market will know, what happens to Bitcoin will likely affect the whole market. We are seeing that again here as many established tokens see their prices plummet. Meme coins, which have been the biggest gainers of 2024, are now struggling. However, there is still a ray of sunlight for investors that comes in the form of the Pepe Unchained ($PEPU) presale.
Let’s take a deep dive into the project and discuss why we think Pepe Unchained has a chance to be one of the biggest meme coins on the market when its listings begin.
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Is Pepe Unchained causing the PEPE’s price to tumble?
We will go into much more detail on Pepe Unchained ($PEPU) a little further down. However, we just want to quickly note that the presale of this new meme coin has already raised $2.8 million. Considering the project launched less than three weeks ago these are very impressive figures. The presale also seems to be raising funds at a faster rate now too as word spreads.
Maybe not so coincidentally the original Pepe Coin (PEPE) has fallen by 24% since its launch. Of course, we have to consider that June and July have been bad months so far for the crypto market and that has definitely had a negative effect on the price of PEPE. We do not think it is completely responsible though and believe it is likely a decent portion of PEPE investors are leaving for this new presale.
I doubt many need a reminder but just in case for those that are unfamiliar, the meme coin market owes a lot of its current success to Pepe Coin. In 2023 the meme coin market looked like it could soon be a thing of the past. Hardly any new projects were being launched and the established coins were rapidly losing value.
Then, Pepe Coin came out of nowhere in May and pumped so much that it made investors millionaires almost overnight. It reached a 24-hour trading volume of $1.69 million and suddenly it was all anyone could talk about. The project represented the crypto dream where you can overnight become rich and we believe that’s what kickstarted the new era of meme coins that we have now.
Of course, this meant there were lots of spin-off Pepe meme coins. Dogecoin (DOGE) and Shiba Inu (SHIB) also experience this. It is a consequence of their popularity- there will always be imitators trying to get a slice of their action. This is not what Pepe Unchained is, however, it is inspired by Pepe Coin but its aim is to improve on the original rather than copy it.
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This project wants to free Pepe and unleash its full potential
So, why are we so confident in this project being a success? We think the coin’s slogan sums it up best: ‘Pepe was a prisoner, chained to his old, clunky Layer ONE server room. Until’ Until what? Until Pepe was unchained. No longer confined to the restrictions of a layer-1 network, Pepe Unchained has its own blockchain on top of Ethereum.
There are many benefits of Layer 2 that this new version of Pepe will have over the original. Faster Speed: Transactions on Layer 2 are processed much quicker than on Layer 1. This means you can stake, trade, and interact with PEPE Unchained at lightning speed.
Even better for investors is the owner Fees With fewer transactions clogging up the main Ethereum network, gas fees are substantially lower on Layer 2. This means more of your investment goes towards earning gains rather than paying for transaction costs.
Having its own blockchain opens up a whole new world to Pepe Unchained that potentially includes a whole new ecosystem of tokens spanning DeFi, NFTs, other meme coins, and even AI-related tokens. They also have a very successful example to try and copy through Coinbase’s Base chain.
The crypto market is always evolving and changing so no one can ever rest on their laurels. 2024 has shown that even applies to networks. Solana in 2023 looked like a failed experiment and then this year its meme coins helped it to become the most popular network among investors. Now, the new Base chain is hot on its heels thanks to some great meme coins of its own.
Pepe Unchained is hoping it can follow in these footsteps too. There is also another factor that is hugely appealing to investors: double staking. Over 234 million $PEPU tokens have already been staked but the APY% still remains at a healthy 683%. That means investors who get in early enough have a real chance of making a huge amount of profit if Pepe Unchained performs as we think it could.
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Conclusion
That’s about it from us on Pepe Unchained. As you can see this is not your normal imitation coin. This is a whole new level of innovation and a lot of work has gone into building a solo chain. The potential is huge for this project and we are just at the beginning. The fact that the presale price is so small should make it a must-buy for every kind of investor.
Disclaimer: CaptainAltcoin does not endorse investing in any project mentioned in this article. Exercise caution and do thorough research before investing your money. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the reader. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
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