The meme coin arena now has a new contender that has already impressed smart money traders with its strong presale performance.
Pepe Unchained (PEPU) has already raised over $5 million in its ongoing ICO in a few short weeks, capturing the ever-growing demand for new meme coins.
The impressive fundraising figures have even led a few experts to call PEPU one of the next 100x meme coins.
Frog Meme Tokens Surge In Popularity Ahead Of Crypto Bull Run
Meme coins are facing the highest demand of any crypto sector during this bull cycle. There is a growing consensus that tokens such as Pepe, Dogwifhat and Floki will outperform most other cryptocurrencies this year.
Analysts are particularly bullish on Pepe, owing to its strong correlation with the Ethereum price. With spot Ethereum ETFs now live - and exceeding expectations - the ETH price could skyrocket, and so would PEPE.
In fact, experts believe that the Pepe coin could reach a new all-time high by August and flip Shiba Inu by the end of the year.
They are also not underestimating Pepe clones and frog-themed tokens. For instance, PeiPei - also known as the Chinese Pepe - is currently the second-most visited cryptocurrency on CoinMarketCap after Bitcoin.
It is also up by nearly 220% over the past month, compared to Bitcoin’s 8% and Pepe’s 21% growth respectively.
Some influential crypto influencers now believe that Pepe Unchained could be the next big frog-themed meme coin that could follow in the footsteps of PEPE and PeiPei.
Pepe Unchained - The Next 100x Meme Coin?
Considering the strong demand for frog meme coins, Pepe Unchained has come up with an innovative concept to separate itself from ordinary utility-less tokens.
The project will launch its own Layer-2 blockchain - entirely Ethereum-compatible and yet with significant advantages of its own.
Ethereum meme coins often require high trading costs, due to the congestion on the blockchain. This is especially true for newer ERC-20 tokens that aren’t live on centralized exchanges yet. Consequently, most of these meme coins see little to no retail investment and end up becoming pump-and-dump schemes.
However, Pepe Unchained’s Layer-2 blockchain means PEPU holders can enjoy low trading costs, faster transactions and high staking rewards. PEPU is already seeing impressive retail involvement, as is evident from its presale.
Indeed, this new meme coin is drawing comparisons to Brett, the top meme coin on Base. The Base chain - Coinbase’s Layer-2 venture - also offers low transaction fees and Ethereum compatibility. Unsurprisingly, Brett has a market capitalization of $1.3 billion in less than 5 months.
Similarly, the Pepe Unchained staking protocol is already offering attractive passive income in the presale, currently at an APY of over 360%.
The high staking rewards also reduce the selling pressure on the meme coin, as seen in the case of Floki. To further eliminate any security concerns, the PEPU smart contract has been audited by Solid Proof and Coinsult.
With its frog-themed persona, strong early demand and high rewards, it is no surprise that experts are calling Pepe Unchained the next 100x meme coin.
Crypto influencers and experts aren’t the only ones impressed with its upside potential. Even popular crypto publications such as Techopedia, Binance Square and CoinMarketCap have covered its strong presale performance.
How To Buy PEPU In Presale?
The Pepe Unchained presale is quickly selling out, making it costlier for the latecomers. For instance, the current presale stage is set to end on 26th July, after which the PEPU price will increase.
Furthermore, the meme coin’s staking rewards are also set to decrease with time.
Interested buyers have no time to lose. They can buy the meme coin by swapping ETH, BNB or USDT or by using a bank card. The over-the-counter widget on the Pepe Unchained website makes the process straightforward.
Investors should also follow the PEPU X and Telegram accounts to keep up with the latest updates.
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.
