Is memecoin mania back? This SHIB and WIF rival eyes exchange listing soon Pepe Unchained ($PEPU) has garnered significant investor attention, raising $17 million in its presale, bolstered by its innovative Layer-2 blockchain solution for memecoins
The crypto market has begun showing signs of an autumn rally. With memecoins leading the charge, the spotlight has returned to both established and new memecoins.#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;} While high-cap memecoins benefit from bigger communities, small-cap memecoins leave a larger room for returns. But that’s only if they perform well in the early stages.
Memecoin fever grips the crypto market. Where are SHIB and WIF headed?
Dogwifhat (WIF) and Shiba Inu (SHIB) have skyrocketed 40% on the monthly chart, kindling a broader market memecoin mania.Given that Bitcoin (BTC) has moved up after hovering under the $53-60K range for a long time, an autumn rally could be potentially underway. Fourth quarters are historically fertile for crypto bull runs. It remains to be seen which direction the market is headed this time.
Spotlight WireShiba Inu one-month price performance, source: CoinMarketCapMacroeconomic factors like the Federal Reserve’s 50 basis point interest rate cut allow traditional investors to step into the crypto market. BlackRock’s Bitcoin white paper, which highlights its potential, has also led to the recent surge. As two of the most popular memecoins, Dogwifhat and Shiba Inu could take advantage of broader market sentiments.
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New players see higher gains
New memecoins like POPCAT and Neiro on Ethereum (NEIRO) are also in the spotlight. To the market’s surprise, NEIRO has recorded a 1,000% gain on the monthly chart.While the low market cap gave it higher upside potential in August and September, it is unrealistic to expect NEIRO to give similar returns in the fourth quarter. It has exploded to a market cap above $400 million during the recent surge.
That brings the attention to younger memecoins like Pepe Unchained ($PEPU), which have yet to debut exchange listings. A native Layer-2 blockchain makes Pepe Unchained a memecoin to watch as we head into the final weeks of 2024.
Pepe Unchained raises $17 million in presale
The Pepe Unchained ($PEPU) presale recently crossed the $16 million mark. Investors are flocking to snap up the token at presale prices before its exchange listings.Spotlight WirePepe Unchained is venturing into an unexplored memecoin niche: it is building a Layer 2 for memecoins. Rather than settling for speculative hype like most memecoins, the project chooses to focus on technological advancement as well. Why PEPU has the attention of retail investors and crypto influencers
The primary factor that underpins the relevance of Pepe Unchained is its objective to build a Layer-2 blockchain specifically for memecoins.Short-lived hype cycles are a popular feature of memecoins. They skyrocket in value within hours, only to experience equally dramatic crashes. Memecoins demand timely moves. But that is challenging during network congestion.
Clogs on popular Layer-1 blockchains like Ethereum lead to heavy losses for traders and investors. The rising transaction volumes often result in exorbitant gas fees and transaction times.
Pepe Unchained’s Layer-2 solution aims to make memecoin transactions faster and cheaper. The vision makes it appealing to both memecoin fans and altcoin investors. Despite being a memecoin, PEPU is entering a space dominated by established Layer-2 protocols like Arbitrum, Optimism, and Polygon.
Crypto YouTube channels like 99Bitcoins have featured the project in recent videos, turning attention to its key features.
Presale gateway is still open
The Pepe Unchained presale gateway will be open for a few more days. It is live on the Pepe Unchained website. The presale price increases with each new stage, incentivising early investors.After the presale concludes, Pepe Unchained plans to launch on multiple exchanges. A liquidity plan, with 10% of the total token supply earmarked, will back the exchange listings.
The presale accepts popular cryptocurrencies like ETH, USDT, and BNB, as well as fiat payments.
Visit the Pepe Unchained presale
Name: Pepe Unchained
Email: [email protected]
*You must be at least 18 years old to access this site.
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to the same. TIL does not guarantee, vouch for or necessarily endorse any of the above content, nor is it responsible for them in any manner whatsoever. The article does not constitute investment advice. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified.
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This story originally appeared on: India Times - Author:Faqs of Insurances
