The crypto market is thriving, with Bitcoin reaching a new all-time high (ATH) of $84k today, boosted by Donald Trump’s landslide victory in the presidential election.
Not only is Bitcoin benefiting—many top gainers this early November are meme coins, driving the total market capitalization to $100 billion.
Pepe has become one of the top meme coin performers, jumping 64% over the past week. Can Pepe keep this momentum going through November, or will new meme coins offer better investment opportunities?
Pepe (PEPE) price analysis
Pepe, the meme coin, has shown remarkable growth. Its market cap has surged to over $5.5 billion, a 5.26% increase in the last 24 hours. The price has climbed to $0.000013, a 5.26% gain. While still below its all-time high of $0.00001718, Pepe’s upward trajectory is fueled by investor optimism.
Enthusiasts who held strong during previous market dips are reaping substantial rewards as $PEPE’s price is on the cusp of surpassing earlier records, driving investor optimism. Pepe’s growth is part of a larger trend in the cryptocurrency space.
Bitcoin, the anchor of the crypto market, recently surged to unprecedented levels, reaching $84,000 and potentially climbing toward $100,000. Institutional giants like BlackRock, spurred by announcements of the U.S. government considering a Bitcoin strategic reserve, are pouring funds into the crypto market.
This institutional interest isn’t limited to Bitcoin alone but spills over into altcoins, including meme coins like Pepe, which benefit from the expanding market confidence.
Pepe (PEPE) price prediction
Currently, Pepe is testing a critical resistance zone around the $0.000012 to $0.000013 level. Breaking through this zone could propel the coin into an extended bullish phase, with the next target potentially pushing past its all-time high.
Should Pepe surpass the $$0.000017 resistance level, a rally to new highs is likely. The recent price activity has positioned $PEPE as one of the top-performing coins of the week, with a 55% increase in the last seven days alone.
The market’s excitement isn’t limited to Pepe alone. Bitcoin’s surge is a historic moment, with some speculating it could eventually reach $150,000 or even $250,000. This boost in Bitcoin is a powerful catalyst, impacting the broader crypto market and setting the stage for similar gains in other cryptocurrencies.
As investors rally around Bitcoin, the ripple effect is felt across altcoins, amplifying gains for a wide array of digital assets. As more institutional investors enter the crypto arena, meme coins like Pepe stand to benefit from the influx of capital.
With Bitcoin nearing six figures, the psychological impact of a $100,000 BTC could further bolster confidence across the market. Pepe’s $5.5 billion market cap could be just the beginning, as continued institutional interest and community enthusiasm may drive it higher, potentially reaching the $50 billion mark in the medium term.
Pepe shows strong breakout potential, hinting at a major upswing. Analysts anticipate significant gains if trends hold. Whale activity suggests increased interest, adding potential volatility.
Pepe Unchained (PEPU): Top PEPE Alternative
As Bitcoin and Pepe capture most of the spotlight, investors are also looking at other promising projects, like Pepe Unchained, which is generating significant buzz. The project has already raised $26.8 million in its presale, with $PEPU tokens still available at a current price of $0.01259.
Interest in Pepe Unchained seems to be hitting a high. Large investors, or “whales,” are making their moves, with frequent, significant purchases becoming a trend. In just the first 11 days of November, whale activity has picked up dramatically, outpacing last month.
Over the weekend, another whale made a 4.6 million $PEPU purchase, valued at around $63,000. Whales aren’t joining the presale just due to FOMO. Pepe Unchained has rolled out key updates recently, including the development of an Ethereum Layer 2 chain to solve current limitations on Pepe token ownership.
Oh my! 😳 That Gigabrain is looking mighty fine tonight,
Pepe can't look away! 😍 pic.twitter.com/4ZwTCNVp1q
— Pepe Unchained (@pepe_unchained) November 10, 2024
In October, the project launched a developer grants program and showcased a preview of the L2 chain. On November 7, Pepe Unchained announced its meme coin launchpad, aiming to challenge Solana’s Pump.fun and make Ethereum the top chain for meme coin launches.
Solana has been the top choice for meme coin projects because of its fast, low-cost transactions compared to Ethereum. However, Pepe Unchained’s new launchpad, Pepe’s Pump Pad, could shift this trend.
With up to 100x Ethereum’s transaction capacity and ultra-low fees, Pepe Unchained aims to meet the high-frequency, low-cost needs of meme coins.
The project’s staking options have also attracted a range of investors interested in the presale, offering a 90% APY. So far, over 1.7 billion tokens are locked up, though this APY will likely drop as more investors join the staking pool.
Overall, as market excitement builds, early investors are betting that Pepe Unchained could become the next big meme coin, possibly following in Pepe’s footsteps after the presale ends.
To participate in the $PEPU token presale, go to pepeunchained.com.
