A new low-cap meme coin - Pepe Unchained (PEPU) - is continuing its strong presale performance, despite the bearish trend in large-cap meme tokens.
The viral crypto ICO has now raised over $13.5 million behind large whale investments.
With unique features like a native Layer-2 chain, staking rewards and sound tokenomics, PEPU has quickly impressed smart money investors and crypto influencers, with many including it in their lists of best meme coins to buy now.
Frog Meme Coins In High Demand As Experts Project $50 Billion Valuation for Pepe
Experts remain confident that Pepe will be one of the top-performing cryptocurrencies in the next crypto bull run.
Considering that Dogecoin reached a peak valuation of $80 billion market cap in the previous cycle, analysts believe that the PEPE market cap could reach as high as $50 billion, even accounting for the increase in number of meme coins.
$PEPE will easily go to $50bil marketcap this cycle IMO.
— Mister Crypto (@misterrcrypto) August 10, 2024
This is a decidedly bullish scenario for alternative frog meme coins, including the likes of PepeCoin, Turbo and Brett.
In particular, these meme coins are expected to soar after the interest rate cut on Wednesday. The Federal Reserve will start an aggressive quantitative easing campaign from tomorrow, making it cheaper for the institutions to borrow money, resulting in a strong uptick in global liquidity.
Whether the Fed decides on a 25 bps or 50 bps cut tomorrow, the next bull run appears imminent. In fact, US Senators - including Elizabeth Warren from Massachusetts - are pushing the central bank to decrease interest rates by 75 bps.
🚨 LATEST: Elizabeth Warren and Democratic Senators are pushing the Fed to cut rates by 75 bps on Wednesday. pic.twitter.com/B1SzGYxnFn
— Cointelegraph (@Cointelegraph) September 16, 2024
A high liquidity market is particularly bullish for low-cap stocks and crypto as investors hunt for 100x returns. There is a reason why the world’s largest crypto exchange Binance has listed a low-cap meme coin - First Neiro on Ethereum (NEIRO) - on both Spot and Futures platform.
With Pepe Unchained nearing its launch, experts are projecting strong returns for the early buyers.
Why Pepe Unchained Is Going Viral?
It would not be an overstatment to claim that Pepe Unchained has gone viral. It is rare for new meme coins to raise north of $13.5 million, even before its launch.
The project already has nearly 15k followers on its X account, in addition to the 7.5k subscribers on Telegram. Even top crypto publications like Cointelegraph, Binance Square and CoinMarketCap are featuring the meme coin.
Most importantly, PEPU has caught the attention of crypto whales, with one investing $200k into it. Earlier this month, two other whales invested $25k and $55k into the token, respectively.
Pepe Unchained’s growing popularity is largely due to its upcoming Layer-2 ecosystem, designed specifically for meme coin trading.
Indeed, PEPU’s Layer-2, ETH-compatible chain will tackle the high trading costs and slow transaction finality on the congested Ethereum blockchain.
Investors can also take advantage of a dedicated block explorer as well as a custom decentralized exchange for swapping PEPU with ETH.
The chain will onboard more meme coins in the future. In fact, the developer team behind the project is launching the Pepe Foundation, which will offer developer grants to community-verified projects.
Today we are announcing the launch of our Pepe Foundation, which allows for Community Verified Projects (CVP) to receive developer grants.We empower those who matter most — the community.Applications opening up very soon on our website, stay tuned!
— Pepe Unchained (@pepe_unchained) September 6, 2024
Following in the footsteps of Floki, Pepe Unchained also has its own staking protocol for presale buyers. As per its staking dashboard, the current reward rate is over 150%.
Is PEPU The Best Meme Coin To Buy Now?
Smart money investors are beckoning their followers not to underestimate low-cap meme coins. Even Binance’s co-founder Yi He confirmed that Binance is testing some projects with low fully diluted valuation such as First Neiro on Ethereum.
With Pepe Unchained seeing a strong demand in its presale, experts are including it in their lists of best meme coins to buy before the next bull run.
However, only early presale buyers will be able to reap the maximum benefits, especially considering the hype surrounding the project.
Interested buyers can swap ETH, BNB or USDT using the over-the-counter widget on the presale website. Alternatively, they can use a bank card.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
