The crypto market faces a huge week as what happens at the Federal Reserve meeting could shape the market for the rest of the year. There are strong indications that the Fed could cut interest rates for the first time in over 4 years. The size of the cut will be important but any positive news in this department would be more than welcome.
A lot of the focus is on Bitcoin (BTC) and its battle with the $60k resistance barrier. We think if it can break through then the whole market may be in for a substantial growth period. There is one presale token that has been thriving no matter what market conditions are like these last few months. Pepe Unchained ($PEPU) is arguably the most anticipated presale of 2024. Let’s see why.
Before getting into Pepe Unchained ($PEPU) and the traits that we think will make it a top meme coin, we are going to take a quick look at how much the meme coin market has changed over the last year. This will tee us up to talk about Pepe Unchained which is the perfect example of how far the meme coin sector has come in such a short period of time.
While 2024 has been a great year for meme coins, the best performers were not the traditional giants. Dogecoin (DOGE) and Shiba Inu (SHIB), the top two meme coins on CoinMarketCap have enjoyed a small amount of growth over the last year but nothing when compared to newer meme coins that have been launched this year.
It would seem clear to us that the market is slowly and surely leaving these old meme coins behind. While there is still room for an old-school meme coin that relies only on virality, we think there has been a shift to meme coins with utility.
One could make an argument that Pepe Coin (PEPE) saved the meme coin market last summer. It launched at an all-time low period for meme coins and it felt like the sector would soon be finished. However, when Pepe launched it pumped out of nowhere and made investors overnight millionaires. This is the crypto dream and investors realized meme coins were the best chance of realizing that dream.
Pepe Coin also had a great start to this year and has outgained the top two meme coins considerably. However, it may have come as far as it can go in terms of its potential. It now has to rely on the online presence it has garnered and hope its virality is enough. However as we are seeing with Dogecoin and Shiba Inu, this may not work long-term.
It's even less likely to work with coins like Pepe Unchained being launched. It must be a nightmare for major meme coins to see a project launch that's an alternative to their token but in most facets is a better product. The Presale for Pepe Unchained indicates that investors are just as excited about this new meme coin as we are.
It has now raised $12.5 million and it is raising funds at such a pace that it may have surpassed $14 million by the time you read this. We can count on one hand the amount of meme coin presales that have ever surpassed this number.
As it suggests in the project's name, the point of this meme coin is to unleash Pepe so it can reach its full potential. Pepe Coin is now limited by its layer 1 attachment. Pepe Unchained will be built on top of Ethereum which means it has its own chain. This opens up all kinds of doors for the future.
There are many benefits of layer 2 but first, let’s look at what they are for investors. Layer 2 means faster transaction times and even more importantly lower gas fees. This means there is more room for gains which we know everyone reading this will be interested in. There are also the staking rewards which still remain very high despite so much investment.
Currently, the APY is estimated to be 153% this is even after 1 billion $PEPU tokens have been staked which is very impressive. This is all well and good for investors but what is really exciting everyone is the future potential having your own chain can give you.
Coinbase recently released its own Base (BASE) token which has been a huge success. The biggest surprise has been how popular it has become as its own chain. Brett (BRETT) was launched on Base and has been one of the best-performing tokens of 2024. Now Base Dawgz ($DAWGZ) is expected to be the chain's leading pup token.
This is what could also be in-store for Pepe unchained in the future so getting involved as soon as possible is crucial as it will likely never be available again at this price. The key point we want to make is we believe Pepe Unchained is the future of the meme coin sector. Investors are indicating they are ready to leave behind the old style of meme coins and instead want to focus on projects like this.
That brings an end to our review of the hottest presale currently on the market. As you can see we like what Pepe Unchained is doing. We are focusing on the fact that we believe the meme coin market has made some big changes in 2024 and this kind of project is now preferred over traditional coins like Dogecoin and Shiba Inu.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.