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Pepe Unchained (PEPU), one of the fastest growing cryptocurrencies, has reached another major milestone.
The PEPU pre-sale raised over $3 million in ICO in the first few weeks.
Experts believe that Pepe Unchained may have a significant correlation with Pepe, with some even calling it the best alternative to Pepe.
The chain broke again!
Pepe has officially reached $3 million! Thank you for your incredible support. The journey is only just beginning. 🐸🚀 pic.twitter.com/yySoWoXaCa
— Pepe Unchained (@pepe_unchained) July 10, 2024
Pepe Unchained – One of the fastest growing ICO cryptocurrencies
Pepe Unchained is a new alternative to the popular PEPE coin with its own Layer-2 blockchain.
This new blockchain is compatible with Ethereum, allowing for instant bridging between PEPU and ETH. It is also expected to offer significantly lower transaction costs, faster transactions, and higher staking rewards.
Native L2 blockchains have certainly caught the attention of investors due to the scarcity of these movements, but depending on the success of PEPU, this could become the new meta.
In fact, the Ethereum blockchain is experiencing very high traffic, which significantly reduces network throughput, increases costs, and increases transaction finality. Popular L2 chains such as Arbitrum and Optimisms are also experiencing high congestion.
This makes it extremely difficult for retail investors to trade new meme coins due to high transaction costs. In fact, PEPE imitation tokens such as Pepe 2.0, PepeFork, and PepeCoin have rarely seen sustainable rallies due to lack of retail participation. Instead, they have mostly been reduced to pump-and-dump schemes for whales.
Conversely, Solana and Base meme coins have seen significant retail investment. Now, Pepe Unchained can benefit from the same with a layer 2 blockchain.
As previously mentioned, the PEPE staking protocol offers high staking rewards to token holders, which is another attractive proposition for retailers. In fact, stakers are currently enjoying a reward rate of over 600%. Investors can stake the latest yields here.
Pepe Theme Tokens Likely to Dominate the Bull Market
If Bitcoin continues to strengthen, a major altcoin rally is likely to unfold.
In fact, a spot Ethereum ETF is expected to start trading in mid-July. Experts expect Ethereum, driven by institutional ETF investment, to lead the second phase of the bull market.
Unsurprisingly, analysts are also very bullish on Ethereum-based meme coins like Pepe and FLOKI. Pepe, for example, has been a beta bet on ETH over the past few months and is expected to continue to do so.
It wouldn’t be surprising if PEPE starts to make new all-time highs starting in August, with some analysts predicting it will overtake Shiba Inu and even Dogecoin this year.
Pepe's strength is expected to give a big boost to other Pepe the Frog themed meme coins.
PeiPei (also known as Pepe in China) is up more than 40% today, a six-fold increase in less than a month.
Experts are backing up that PEPU will see similar returns after its launch. For example, popular cryptocurrency YouTube channel 99Bitcoins, which has over 700K subscribers, recently covered the impressive pre-sale performance and hinted at the potential for a 100x return.
Analyst Austin Hilton, who has over 270,000 subscribers on YouTube, also hinted that the fast-growing cryptocurrency could potentially deliver 100x returns.
Interested buyers can visit the Pepe Unchained website and use the OTC widget to purchase the meme coin. They can exchange ETH, BNB or USDT or use their bank card.
Investors are also encouraged to follow PEPU’s X and Telegram accounts for the latest updates.
Visit Pepe Unchained ICO
Disclaimer: This is a sponsored article and is provided for informational purposes only. It does not reflect the views of Crypto Daily and is not intended to be used as legal, tax, investment or financial advice.
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