Why are memecoin investors excited about these new PEPE rivals? Emerging memecoins like Pepe Unchained and Crypto All-Stars aim to infuse utility into the space, attracting early investors
Pepe is the world’s third-largest memecoin. But how long can it hold on to the prestigious position? Going by the fierce competition in the market, the road ahead may be uncertain.Pepe’s novelty is wearing thin
Pepe The Frog is one of the most popular memes. Despite the price corrections after the recent crypto rally, the memecoin registered an impressive 50% surge in the last 30 days.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}
But the rapid growth of new memecoins like Popcat and Dogwifhat indicates that Pepe may have had its moment in the sun. With nothing more than community strength and speculative momentum to support its growth, Pepe’s novelty might be beginning to wear off.
Growth for Pepe, which now has a market cap of over $4 billion, may be slow. It is unfeasible for Pepe to replicate the eye-popping returns of its early days.
For better context, Pepe has surged over 17,000% in its lifetime, according to data by CoinMarketCap. Investors who pour money into the frog-themed coin expecting similar gains are likely to be disappointed.
New memecoins are vying for the spotlight
While top memecoins have a history of wild charges in their early days, they tend to slow down over time. That urges memecoin investors to look for younger alternatives with more space for growth.
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The wild pump of new memecoins like POPCAT and NEIRO are good examples of this trend. POPCAT has surged 170% in a month and above 8,000% on the annual chart.
Spotlight WireFirst Neiro on Ethereum (NEIRO) one-month price action, source: CoinMarketCap
NEIRO is even younger. It was launched in August this year, and boasts gains above 30,000% so far. Pepe’s annual return of a little over 1,300% pales in comparison to these newcomers.
But POPCAT and NEIRO are also approaching their saturation points in the memecoin context. While POPCAT has exploded to a market cap close to $1.5 billion, NEIRO stands above $600 million.
However, there are even younger contenders like Pepe Unchained and Crypto All-Stars. These presale memecoins have yet to go live on crypto exchanges, giving cheap entry points to early backers. Here is a closer look at their memecoin missions.
1. Pepe Unchained (PEPU)
Pepe Unchained (PEPU) is a hot new memecoin that recently went past the $20 million mark in its presale. What differentiates PEPU from the sea of other memecoins is its focus on functionality.The memecoin market is fuelled by speculation. Themed around playful memes or characters, they focus on building large communities with the promise of quick gains.
However, Pepe Unchained is a utility token in memecoin packaging. While utility is important for sustainability, the memecoin flavour helps with marketing and community-building.
On the utility front, the project aims to build a Layer-2 blockchain specifically for memecoin traders. It addresses key challenges such as slow transaction speeds and high fees that often plague Layer-1 networks during market congestion.
Spotlight WireIn the memecoin market, which is notorious for sharp price fluctuations, transaction delays can result in heavy losses. If Pepe Unchained delivers its white paper promises, it has the potential to offer a scalable environment for memecoins. By streamlining transactions, the project seeks to empower traders to make quick market moves. The vision is comparable to Layer-2 solutions like Polygon and Arbitrum, although they take a broader approach. Pepe Unchained’s upcoming Layer-2 solution has caught the eye of prominent crypto channels like Crypto Gains, which has over 130,000 followers.
Pepe Unchained’s storyline revolves around Pepe ‘breaking free’ from the limitations of Layer-1 technology. With this quirky narrative, the project reinforces its memecoin roots.
“Pepe was trapped, confined to his clunky Layer 1 server room. But the story doesn't end there. With a stroke of Giga Brain genius, Pepe devised a plan to break free from his chains and embrace the future with PEPE Unchained”, says the white paper.
Pepe Unchained has amassed over 35,000 followers on X ( Twitter) and 9,000 members on Telegram. The token has undergone audits by Coinsult and Solidproof.
Early investors can purchase PEPU tokens at $0.00993 in the current phase. But the price will increase as the presale progresses. Presale participants have the option to earn additional tokens before the official launch. The rewards will be distributed over a period of two years.
Visit the Pepe Unchained (PEPU) presale
2. Crypto All-Stars (STARS)
Crypto All-Stars is a crypto altcoin backed by a multichain, multi-token earning project. It is dedicated to top memecoins.All rewards on the platform are paid in $STARS tokens. Instead of riding the wave of popular memes or trends, it taps into the growing popularity of memecoins. The goal is to make this possible by injecting utility into the memecoin space, which is notorious for wild pumps and dumps.
Spotlight WireAt the heart of Crypto All-Stars is MemeVault, a multichain, multi-token protocol tailored for memecoins. Built on the ERC-1155 standard, it will allow memecoins investors to increase their holdings across different blockchains on a single platform.If Crypto All-Stars delivers on its roadmap, it has the potential to simplify the experience. Established and trending memecoins will be supported by the vault. The initial list will include memecoins like Pepe, Dogecoin, Shiba Inu, and Floki Inu.
With nearly 13,500 followers on X (Twitter), Crypto All-Stars is gaining attention in the memecoin community. The $STARS presale just crossed the $2 million mark, giving early participants a chance to enter the project before the official token launch. SThe annual percentage yield (APY) stood above 700% at the time of writing this. It will go down as more investors add their presale tokens to the pool.
Visit the Crypto All-Stars (STARS) presale
Name: Pepe Unchained
Email: [email protected]
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This story originally appeared on: India Times - Author:Faqs of Insurances
