Last week saw significant activity in the meme coin market. However, one analyst believes that Pepe ($PEPE) might be gearing up for another bull run.
This analyst also noted that Pepe’s upswing could potentially benefit Pepe Unchained ($PEPU). This hidden gem may be among the most promising projects, as its pre-sale recently surpassed $8.5 million.
PEPE is holding steady after recent gains
Let’s take a closer look at the current state of the $PEPE exchange rate.
Currently, PEPE is trading at approximately $0.0000078, about the same level it reached after Sunday’s decline. It initially experienced a good rise at the beginning of the week but has since reverted to Sunday’s level.
Examining the situation more closely, we can see that PEPE is still trading 36% above last Monday’s low.
However, the token cannot remain stagnant if it aims to reach the local high from July. To regain that level, it would need to rise an additional 63%.
Currently, this seems unlikely as PEPE struggles to break through the 50-day exponential moving average.
This average serves as a dynamic resistance level.
Meanwhile, PEPE’s spot volume has attracted the attention of traders.
The daily trading volume, estimated between $5 million and $700 million, clearly indicates that traders are very much interested in PEPE.
Currently, PEPE holders are waiting and holding, making it difficult to predict its next move.
99Bitcoins analyst discusses a potential PEPE rally
Last week, Umar Khan, an analyst from 99Bitcoins, posted a video highlighting PEPE and its potential to draw investor interest.
When a 99Bitcoins analyst speaks, the crypto community listens closely.
This is largely because 99Bitcoins has been a prominent source of crypto news for over a decade, amassing more than 700,000 subscribers on YouTube.
So, when Khan suggests that a PEPE pump is on the horizon and advises people to “buy before the pump,” it is something worth noting. He expressed that he sees indications of a potential PEPE rally, emphasizing that the market surged by 10% last week, and the Bitcoin greed index is rising as well.
Khan believes that this greed could positively influence meme coins, including PEPE. He noted that the charts appear technically neutral or slightly bullish, and he is particularly energized by the prevailing market sentiment.
With PEPE outpacing most meme coins regarding volume, Khan anticipates explosive growth as the broader crypto market improves.
While he did not provide a specific price prediction, Khan’s insights have piqued the interest of the investment community.
99Bitcoins analyst also supports the new Layer 2 meme coin project, Pepe Unchained
Khan’s interest wasn’t limited to PEPE; he also highlighted another meme project, Pepe Unchained.
Initially, one might assume this is just another frog-themed coin, but Pepe Unchained takes a unique approach to the traditional model.
The developers are focused on solving real problems.
The team is constructing an Ethereum Layer 2 network to provide cheaper and faster transactions.
The Pepe Unchained team has undoubtedly heard meme coin traders express frustration with gas fees and aims to resolve this issue.
Khan is also very optimistic about the prospects for Pepe Unchained.
In a recent YouTube video, he referred to it as a “100-fold opportunity,” even amid fluctuating market conditions.
The project is currently in pre-sale and has already reached $9 million, which Khan views as a very positive indication.
Along with the new network, the attractive deposit bonuses have also garnered considerable attention.
At the time of writing, Pepe Unchained offers a 230% annual return, which far exceeds most meme coins.
Khan also praised the project’s tokenomics.
As part of the overall $PEPU pool, a portion has been allocated for deposit rewards and marketing, suggesting that the Pepe Unchained project is designed for long-term market presence.
Of course, Khan advises everyone to conduct their own research before making any cryptocurrency investments.
Still, he believes that Pepe Unchained has the potential to yield substantial profits, even in uncertain market environments.
If you agree with the thousands of investors who have driven the pre-sale to $9 million, you can still participate! Visit the official Pepe Unchained presale page and purchase $PEPU tokens for significant gains!
You may also be interested in:
**Attention! Our article above is guest content and does not constitute investment advice. The editors of BitcoinBázis do not take responsibility for what has been described and urge all readers to be extra cautious regarding cryptocurrency, CFD, token, cryptocasino, metaverse, DeFi, play-to-earn, and ICO/STO/SAFT investments. Individual research and thorough verification of claims are highly recommended. Trade and play responsibly.**
https://www.youtube.com/watch?v=videoseries
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<img src="https://www.bitcoinbazis.hu/wp-content/uploads/2024/07/Pepe-Unchained-001.jpg" alt="According to analysts, the success of PEPE can also benefit PEPU, featured image" width="960" height="540"/>
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<p>Last week witnessed a significant uptick in activities in the meme coin market. Analysts suggest that <strong>Pepe ($PEPE)</strong> may be on the verge of another bull run, igniting interest among traders and investors alike. One insightful analyst particularly highlights that Pepe's recent upswing could create favorable conditions for <a href="https://bitcoinbazishu.care/b_pepeunchained-hu_98262"><strong>Pepe Unchained ($PEPU)</strong></a>, a promising new project that has recently raised over $8.5 million in its pre-sale.</p>
<div class="bbazis-offer-item-button d-flex justify-content-center pt-2">
<a href="https://bitcoinbazishu.care/b_pepeunchained-hu_98262" aria-label="Link megnyitása" class="btn btn-finixio">I'll check out Pepe Unchained</a>
</div>
<h2>Current Performance of $PEPE: Market Analysis</h2>
<p>As of now, <strong>$PEPE</strong> trades at approximately $0.0000078, reflecting a position similar to its drop last Sunday. Initially, the token showed promising gains at the start of the week but has since retraced back to this price level.</p>
<p><img fetchpriority="high" decoding="async" class="size-full wp-image-163961 aligncenter" src="https://www.bitcoinbazis.hu/wp-content/uploads/2024/08/pepe-token.webp" alt="Pepe token" width="624" height="453" srcset="https://www.bitcoinbazis.hu/wp-content/uploads/2024/08/pepe-token.webp 624w, https://www.bitcoinbazis.hu/wp-content/uploads/2024/08/pepe-token-360x261.webp 360w, https://www.bitcoinbazis.hu/wp-content/uploads/2024/08/pepe-token-430x312.webp 430w, https://www.bitcoinbazis.hu/wp-content/uploads/2024/08/pepe-token-560x407.webp 560w" sizes="(max-width: 624px) 100vw, 624px"/></p>
<p>Despite this recent volatility, it’s notable that $PEPE is still trading 36% above its last week’s low and will need to rise 63% more to match July's local high. As it stands, the token is struggling to overcome its 50-day exponential moving average (EMA), a key indicator of dynamic resistance in the market.</p>
<p><img decoding="async" class="size-full wp-image-163962 aligncenter" src="https://www.bitcoinbazis.hu/wp-content/uploads/2024/08/pepe-chart.webp" alt="Pepe chart" width="624" height="275" srcset="https://www.bitcoinbazis.hu/wp-content/uploads/2024/08/pepe-chart.webp 624w, https://www.bitcoinbazis.hu/wp-content/uploads/2024/08/pepe-chart-360x159.webp 360w, https://www.bitcoinbazis.hu/wp-content/uploads/2024/08/pepe-chart-430x190.webp 430w, https://www.bitcoinbazis.hu/wp-content/uploads/2024/08/pepe-chart-560x247.webp 560w" sizes="(max-width: 624px) 100vw, 624px"/></p>
<p>Currently, the spot trading volume of PEPE has been drawing attention, fluctuating between $500-$700 million. This indicates robust interest from traders. For the time being, $PEPE holders are demonstrating patience, which complicates predictions for its next move.</p>
<h2>Analyst Insights on a Possible $PEPE Rally</h2>
<p>Umar Khan, a notable analyst from <strong>99Bitcoins</strong>, recently drew attention to $PEPE in a <a href="https://youtu.be/ZP0RZhElDXk?si=MtGgPq_Nj9KOTDhF">video analysis</a>. As a prominent player in crypto news for over a decade, 99Bitcoins boasts a substantial <strong>700,000 YouTube subscribers</strong>, lending weight to Khan's statements.</p>
<p>Khan noted that there are signs pointing toward a potential rally for $PEPE, suggesting that investors should consider entering before this upward momentum. He highlighted the broader market's 10% rise last week and an increasing Bitcoin greed index, which could favor meme coins like $PEPE. With the price charts showing neutral to slightly bullish trends, Khan anticipates significant growth as interest in the crypto sector grows.</p>
<div class="bbazis-offer-item-button d-flex justify-content-center pt-2">
<a href="https://bitcoinbazishu.care/b_pepeunchained-hu_98262" aria-label="Link megnyitása" class="btn btn-finixio">I'll check out Pepe Unchained</a>
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<h2>Introducing Pepe Unchained: The New Layer 2 Meme Coin</h2>
<p>Alongside his analysis of $PEPE, Khan expressed optimism for Pepe Unchained, a novel project making waves in the meme coin space. Initially perceived as just another frog-themed coin, Pepe Unchained introduces practical solutions to common transactional woes, especially within the Ethereum ecosystem.</p>
<p>The developers aim to create a scalable Layer 2 network that offers <strong>lower transaction fees</strong> and <strong>faster transaction speeds</strong>, addressing the concerns of countless meme coin traders who are often hindered by high gas fees.</p>
<p><img loading="lazy" decoding="async" class="size-full wp-image-156603 aligncenter" src="https://www.bitcoinbazis.hu/wp-content/uploads/2024/06/pepu.webp" alt="Pepe Unchained" width="624" height="415" srcset="https://www.bitcoinbazis.hu/wp-content/uploads/2024/06/pepu.webp 624w, https://www.bitcoinbazis.hu/wp-content/uploads/2024/06/pepu-360x239.webp 360w, https://www.bitcoinbazis.hu/wp-content/uploads/2024/06/pepu-430x286.webp 430w, https://www.bitcoinbazis.hu/wp-content/uploads/2024/06/pepu-560x372.webp 560w" sizes="(max-width: 624px) 100vw, 624px"/></p>
<p>Khan refers to Pepe Unchained as a “100-fold opportunity,” even amidst the influence of volatile market conditions. The ongoing pre-sale has raised nearly $9 million, signaling significant investor confidence, along with enticing deposit bonuses offering up to a <strong>230% annual return</strong>.</p>
<h2>Market Potential and Tokenomics of Pepe Unchained</h2>
<p>The tokenomics of Pepe Unchained have been carefully crafted, with allocations from the total $PEPU supply set aside for <strong>deposit rewards</strong> and effective <strong>marketing strategies</strong>. Such planning indicates a long-term vision for the project's sustainability in the competitive crypto landscape.</p>
<p>Khan wisely cautions potential investors to conduct their own research before committing capital to any crypto investment, but he appears highly confident in $PEPU's ability to generate substantial profits even in uncertain market conditions.</p>
<p>If you're intrigued by the success and potential of Pepe Unchained, consider joining the thousands of other investors who have already participated in the impressive pre-sale. Visit the official Pepe Unchained presale page to buy your $PEPU tokens and position yourself for potential astronomical growth!</p>
<div class="bbazis-offer-item-button d-flex justify-content-center pt-2">
<a href="https://bitcoinbazishu.care/b_pepeunchained-hu_98262" aria-label="Link megnyitása" class="btn btn-finixio">I'll check out Pepe Unchained</a>
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<h2>You May Also Be Interested In:</h2>
<p><em>**Attention! Our article above is guest content and does not constitute investment advice. The editors of BitcoinBázis do not take responsibility for what has been described and urge all readers to be extra cautious in relation to cryptocurrency, CFD, token, cryptocasino, metaverse, DeFi, play-to-earn, and ICO/STO/SAFT investments. Individual research and thorough verification of claims is highly recommended. Trade and play responsibly.**</em></p>
</div>https://www.youtube.com/watch?v=videoseries
