PeiPei, the trending meme coin project that attracts a lot of attention, is having a strong comeback with a 20% rally in the past 24 hours.
Following a recent price dip that raised investor concerns, the rally suggests the coin is regaining momentum.
This surge also reignites interest in the meme coin, which has faced much speculation and debate in recent months. However, the question is how high PeiPei can go, or if it is just a short-term surge.
PeiPei price analysis and prediction
PeiPei’s market cap surged to $70 million, marking a major turning point after hovering close to the critical $40 million support zone. For weeks, analysts tied PeiPei’s performance to Bitcoin’s movements, predicting a Bitcoin rally would boost the meme coin market.
This prediction came true as Bitcoin’s rise from $58,000 to $62,000 aligned with PeiPei’s upward momentum. Technical analysis played a vital role, with bullish divergence patterns pointing to potential gains.
PeiPei’s price movement has excited many, driven by a 20% rise in one day, a 40% increase over the week, and an 22% gain over the past month. During the surge, the market cap peaked at $70 million, easing concerns of a potential drop below $40 million that could have led to further declines.
In addition to Bitcoin’s influence, a significant whale purchase also fueled PeiPei’s rise. A $57,000 buy order sparked interest and pushed the token higher. Whale Insider posted on X that PeiPei had surged 52% in the past 24 hours, further boosting attention on the project.
Technically, PeiPei shows signs of a trend reversal, crossing above its 4-hour moving average for the first time since July, signaling the potential for continued bullish momentum. With the broader crypto market recovering from a prolonged sideways trend, PeiPei seems poised to ride the wave.
October, often referred to as “Uptober” in the crypto world, is historically a strong month for price action. Investors are optimistic that PeiPei’s current momentum will align with the market’s usual upward trends.
The U.S. Federal Reserve’s recent decision to cut interest rates by 50 bps for the firs time in 4 years also adds complexity to the market dynamics, sparking debate over its potential impact.
PeiPei’s recent surge placed it among the top 100 most visited tokens on CoinMarketCap, drawing even more attention. Investors who held through the uncertainty are now seeing the rewards of this unexpected pump.
Pepe Unchained (PEPU)
Pepe Unchained (PEPU) is continuously gaining momentum, with its presale exceeding $14 million. The project has drawn significant whale interest, with one investor putting in $25,000 and another investing $56,000. This activity shows strong confidence in $PEPU’s future.
To enhance its ecosystem, Pepe Unchained announced a developer grant program. For the past three months, $PEPU has been closing in on $PEPE as the better version, being an iteration of Pepe without Ethereum’s limitations.
Since it runs on its own blockchain, owning Pepe is easy for everyone, without high gas fees and slow transactions that can discourage small investors. With the developer grant program called “Pepe Frens With Benefits,” the project invites new dApps and other developments on its new Layer 2.
It’s essential that we equip developers with all the necessary tools—comprehensive guides and financial support—to build outstanding dApps.
In Q4, we’ll officially open grant applications for developers looking to build on Pepe L2.
This is your chance to help shape the future…
— Pepe Unchained (@pepe_unchained) September 18, 2024
Developers just need to build their projects, submit a grant application, wait for the Pepe council to vote, and, if chosen, receive the grant. Pepe Unchained aims to support the creation of tokens and applications on its Layer 2 when it launches. Grant applications will open in Q4 2024.
After this announcement, $PEPU’s presale has attracted even more interest. Investors can still buy $PEPU tokens at the current price of $0.00981, but the price will increase soon.
One unique feature of the $PEPU presale is the option to stake tokens immediately. This allows investors to earn significant returns. The staking method, called “double staking,” offers early buyers a high APY of 147%, though this rate will drop as more people join the staking pool.
More than 1.08 billion $PEPU tokens have already been staked, reflecting strong investor confidence even before the official launch. The high APY motivates investors to hold $PEPU for a longer time, as they will receive staking rewards over two years.
The Pepe Unchained ecosystem looks strong, with developers, Tier-1 exchanges, retail investors, a growing community, and whale investors closely watching its ICO and eagerly awaiting the next steps.
To participate in the $PEPU token presale, go to pepeunchained.com.
