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With Bitcoin (BTC) losing more than 4.30% of its value over the last week, bringing it to $56,711.02, the meme coin space has also been struggling, with the likes of Pepe and Brett amongst the losers.
As leading tokens take a downturn, investors seeking the next big meme coin with the potential for high returns are turning their attention to ICOs.
Pepe Unchained (PEPU) is receiving more attention than most as it approaches the $12 million mark in presale funding. Let’s see why experts believe PEPU could be the next meme coin to skyrocket, even amid a bearish market trend.
Top Meme Coins Face A Red Trend
The meme coin market isn’t doing well today, as some of last month’s best-performing coins dropped significantly. Over the last 24 hours, the two leading meme coins, DOGE and SHIB, lost 3.07% and 2.93%, respectively.
Among the top 10 meme coins, DOGS faces the biggest losses as one of the few meme coins unable to recover from the initial drop this morning. It’s priced at $0.0009905, down from last week’s $0.001621, representing a 39.36% loss.
Gigachad (GIGA) and Popcat (POPCAT), Solana’s leading meme coins, are down around 20% over the last seven days after making massive gains in August. However, Popcat is now priced at $0.5836, which is still a 23.08% increase from its price of $0.4632 in the first week of August.
Trading Tank, a crypto analyst and meme coin trader, believes Popcat is bound to soar by the end of this year, regardless of its current downturn.
$POPCAT will still pull some insane multiples this cycle, but you wouldn’t believe it… pic.twitter.com/wcJzolXNsO
— Trading Tank (@TheTradingTank) September 2, 2024
Although market trends have a powerful impact, several experts believe GIGA can also break out of the red trend. Gigachad soared in August, going up to $0.02889 from $0.008071, and Procreator, a crypto analyst, is confident it will rise even more this month.
Just like that, $GIGA is going for the 9th green monthly candle.
The wick will be filled and a new one will be created much higher this time. pic.twitter.com/cSHLyqeaXq
— Procreator 👁️ (@ProcreatorG) September 3, 2024
This morning’s across-the-board price drop also affected the leading Pepe-themed coins, which saw 7-20% losses.
Frog-Themed Meme Coins Follow Suit
Pepe (PEPE) saw a massive price loss this morning when it tanked from $0.05737 to $0.056905. Although it has recovered since, reaching $0.05715, it’s still down 5.21% in the last 24 hours and 8.02% over the week.
Book of Meme (BOME) is facing a similar loss, with a value loss of 8.71% over the last seven days. Like Pepe, BOME recovered some of its losses this morning, rising from $0.005557 to $0.00581.
Base chain’s leading frog-themed coin, Brett (BRETT), is down to $0.06901 from last week’s $0.07464, a 7.54% loss.
Although all leading meme coins experienced a sharp downward movement this morning, experts are still optimistic about Pepe-themed tokens. IAmCryptoWolfy, a crypto expert with over 140,000 followers on X (Twitter), believes today’s dip is an ideal opportunity to stock up on BOME, as he expects it to soar this year.
Bought the dip 28,500,000 $BOME pic.twitter.com/APLpvX5w1A
— IAmCryptoWolfy (@IAmCryptoWolfy) September 4, 2024
Amidst growing uncertainty in the meme coin space, experts see potential in Pepe Unchained (PEPU), an upcoming Pepe-inspired token. With a successful presale and the intent to launch its own Layer 2 network, PEPU may defy the downturn experienced by other coins.
Pepe Unchained ICO Gains Momentum Despite Market Uncertainty
Pepe Unchained is thriving, with $11.8 million raised so far, investor confidence is growing despite market volatility. The upcoming meme token offers a unique blend of memetic value and utility, as it intends to launch a Layer 2 network built on top of Ethereum’s mainnet to help meme coin development.
The Pepe Unchained Layer 2 blockchain aims to provide users with 100x faster transaction speeds than Ethereum at a fraction of its gas fees.
Currently, PEPU tokens cost $0.0094982 each, but that price won’t stay for long. PEPU’s ICO follows a dynamic pricing model, meaning the token’s price increases each time a funding goal is met or enough time passes.
Analyzing the project’s tokenomics shows the team behind PEPU focuses on investor security and PEPU’s long-term success. 10% of the total token supply goes to liquidity, minimizing the risk of a rug pull and lowering slippage.
Additionally, the project’s smart contract underwent two audits, one by SolidProof and one by Coinsult.
Another 30% of the total token supply went to staking, which currently offers a 170% APY. That means early investors can nearly double their token holdings over the next year just by staking PEPU.
ClayBro, a crypto expert with a 130,000-strong following on YouTube, believes PEPU is poised to become one of the leading meme coins thanks to its utility, strong fundamentals, and large community.
There’s just over one day before the next price increase, giving investors the last chance to get into Pepe Unchained at its current price.
