2024 has seen a meme coin boom, and Pepe is one of the most prominent examples. Those who invested in Pepe at the beginning of the year have made huge profits, with the coin’s value increasing nearly 10-fold. But is there still room for Pepe to continue growing? Let’s find out in this article.
Pepe could continue to grow in July as trading volumes surge
We’re halfway through 2024, but Pepe’s growth momentum shows no signs of slowing.
Despite Bitcoin’s downturn over the past four months, Pepe has shown impressive strength and continued its bullish momentum. Pepe has more than tripled from its mid-April low to a new all-time high (ATH) in late May. This is especially impressive given the lackluster performance of the broader market over the same period.
This also reflects the separation between the frog-themed meme coin and other cryptocurrencies, which has led investors to continue betting on Pepe even when market conditions are less favorable. As such, Pepe’s future looks bright and its current price may mark a profitable buying opportunity.
Pepe is currently trading at $0.00001075, down 37% from its May high.
However, the tide seems to be turning, as prominent analyst Plazma notes that PEPE is holding above a key long-term support level. From here, he says, Pepe will begin its journey towards a new high, which is expected to occur next week.
Brian Garrett also highlighted the growing market interest in Pepe and predicted a major price correction. Currently, Pepe has a 24-hour trading volume of $554 million. This makes it the most traded meme coin and the 12th most traded cryptocurrency, despite being the third largest meme coin and the 23rd largest by market capitalization.
Based on the volume cap difference in this market, it is very likely that Pepe’s price will increase in July. While it remains to be seen how far Pepe can go, all signs point to a decisive recovery from the recent decline, potentially pushing it to the ATH of $0.00001718 and beyond.
But while Pepe’s outlook is optimistic, the newest member of the “Pepe coin club,” Pepe Unchainedis also making a big splash.
Pepe Unchained Pre-Sale Surpasses $2.2 Million in 2 Weeks – Will the Next Meme Coin Rise?
Investors are going all-in on the Pepe Unchained presale. But for good reason, because this is no ordinary meme coin.
Pepe Unchained is the first Pepe-themed project to have its own Ethereum Layer 2 blockchain.
Pepe Unchained will be faster and cheaper than Ethereum while still maintaining decentralization and security. With meme culture at its core, pre-sale is a no-brainer for meme coin fans.
Furthermore, the developers are also building a blockchain mechanism that promises transparency and openness on the network. In addition, Pepe Unchained is currently offering very attractive staking rewards, with an annual interest rate (APY) of up to 912%. However, this number will decrease as more tokens are staked.
While retaining the viral appeal of Pepe coin, Pepe Unchained has gone above and beyond with its outstanding real-world utility. This combination has combined the best of both worlds and is making investors extremely excited.
Pepe Unchained’s presale is currently ongoing, offering the opportunity to purchase tokens at a discounted price. The project has raised over $2.2 million so far, and the current token price is $0.0082596. However, this price will increase as the presale progresses, with the next price increase coming in just a day.
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