New Pepe rivals to watch this season—next meme coins to explode? Newer meme coins are attracting investors. Pepe Unchained and Flockerz are two such coins. Pepe Unchained offers a layer-2 network for faster transactions. Flockerz emphasizes community governance through its vote-to-earn model. Both coins have presales underway
Pepe is, at this point, one of the meme coin icons. It has showcased one of the most remarkable performances in the meme coin space. Soon after its launch in 2023, it became an instant hit, exploding to a billion-dollar valuation. Pepe’s growth delivered four-digit returns for early adopters.#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;} US Election 2024
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However, new investors who hope to generate similar profits from the frog-themed coin will likely be disappointed.
Why is the Pepe price slowing down?
The PEPE price achieved an all-time high of $0.00001718 in May 2024. However, its value has since fallen by around 40%. The decline signals a shift in momentum.While altcoins are usually backed by utilities, meme coins lack any relevant purpose. They depend on hype cycles and community support to generate value. That, in turn, makes them more vulnerable to rapid price fluctuations. Pepe is no exception to the trend.
The project is inspired by the internet sensation ‘Pepe the Frog’. As the website makes it clear, it has no utility. Although Pepe’s market cap towers above $3 billion now, the meme coin community regards Pepe as lukewarm. Being largely saturated, it doesn’t have the potential to ignite an explosive journey.
Spotlight WirePepe’s all-time price action. Source: CoinMarketCap.
Dogecoin and Shiba Inu have also failed to kindle action. Their current selling prices are almost 80% down from their all-time highs. They hold stronger positions due to their brand value but are still being overshadowed by newer meme coins.
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Solana-based meme tokens like Bonk and Dogwifhat, for example, shifted attention away from Pepe early this year. Being purely speculative, Pepe has low appeal among long-term investors.
In a niche where investors are constantly on the lookout for the next big thing, Pepe could further shed weight. Here, novelty is more prized. The emergence of meme coins like POPCAT and NEIRO to popularity demonstrates how quickly interest shifts within the market.
The volatile environment is more fertile for newer meme coins, leaving established ones like Pepe struggling to reclaim their past glory. So, here is a closer look at two new meme coins capturing the market’s attention.
1. Pepe Unchained (PEPU)
Pepe Unchained ($PEPU) is one of the hottest meme coins of this month. The presale of PEPU tokens has already surged past the $25 million milestone, and the community has expanded to over 40,000 Twitter (now X) members and more than 10,000 Telegram members.Crypto influencers have also joined the buzz. Channels like 99Bitcoins (with over 700,000 subscribers) have been highlighting Pepe Unchained. The project’s community appeal and real-world utility are its key selling points.
Pepe Unchained is a meme coin project backed by tech innovation. The layer-2 network is crafted specifically for meme coins. It can potentially boost transaction speed and reduce transaction costs by processing transactions off the main chain.
Layer-2 technology has long proven valuable in easing network congestion during bull markets. Major chains like Ethereum often face sluggish speeds and high fees, leaving investors in trouble. Popular Layer-2 networks like Polygon and Arbitrum have helped alleviate the problem to an extent.
Spotlight WireHowever, the high trading volumes and rapid price shifts in the meme coin market demand a more dedicated solution. Pepe Unchained’s secondary chain aims to tackle the specific needs of the meme coin market. As per the website, Pepe Unchained L-2 is set to launch once the presale wraps up.Although Pepe Unchained doesn’t plan on just riding the hype wave, it has focused on building a fun online presence.
“Welcome to the world of PEPE Unchained, where the legend of Pepe meets the cutting-edge technology of layer-2 blockchain. Prepare to experience double the passive rewards, double the Pepe, and 100X the fun! Get ready to unleash Pepe from his old constraints and dive into a realm of incredible rewards and endless laughs,” states the website.
For both degens and long-term investors, PEPU is one of the top new crypto tokens to keep an eye on.
Visit the Pepe Unchained presale
2. Flockerz (FLOCK)
Flockerz ($FLOCK) is a bird-themed meme coin. However, it refuses to be another boring meme coin here to test its luck. Instead, it focuses on establishing its relevance beyond the playful, bird-inspired branding. The FLOCK presale has already soared past the $1 million mark.Flockerz is building a decentralised ecosystem where the real decision-makers are the community members themselves. Here, power is not concentrated in the hands of a few leaders at the top.
Flockerz aims to create a flock bound by community values. It puts control into the hands of its users through a unique vote-to-earn model that encourages active participation. It rewards members in $FLOCK tokens for the votes they cast. The more engaged the community members are, the more they earn.
Spotlight WireMany meme coin projects are crumbling down due to the centralisation of power. When governance is tightly held by a few developers or executives, there can be drastic consequences. The $15 million theft in the Pepe ecosystem remains a huge example of this. Flockerz acknowledges the power imbalance through FlockTopia DAO. With this unique governance model, the project stands out in the crypto space.
Can Flockerz make true decentralisation a reality and not just a promise? It remains to be seen. Given that the strength of meme coins like Dogecoin, Shiba Inu, and Pepe lies in their community, Flockerz is a top crypto to watch now. The decentralisation philosophy of the project could resonate with degens.
In addition to vote-to-earn rewards, Flockerz has reserved 25% of the token supply for passive rewards. With another bull market potentially on the horizon, the Flockerz presale is rapidly moving ahead.
Visit the Flockerz presale
Name: Pepe Unchained
Email: [email protected]
You must be at least 18 years old to access this site.
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This story originally appeared on: India Times - Author:Faqs of Insurances
