The post Pepe Coin Traders Backing New Meme Coin Presale That Analysts Say Could Give Similar Gains appeared first on Coinpedia Fintech News
Pepe is down today, but traders are rotating to a new alternative that is currently undergoing a presale. The new Pepe-themed token, Pepe Unchained ($PEPU), has its own Ethereum layer 2 blockchain.
Between this innovative utility and a Pepe-rooted memetic allure, analysts believe this project has the potential for strong gains.
Pepe Unchained has just crossed the $11 million total raised milestone, reflecting significant interest from cryptocurrency investors.
Cilinix Crypto reveals he bought the $PEPU presale
“Pepe Unchained has a lot of hype and momentum, which is one of the key factors leading to a profitable presale.”
These were Cilinix Crypto’s initial thoughts in a recent video on Pepe Unchained.
He noted that he had invested in the project and highlighted that he bought it because of its underlying product.
“What they’re building is the reason I thought it was interesting – a layer 2 blockchain focused on Pepe.”
Other prominent traders have also moved into the Pepe Unchained presale.
ClayBro suggests it could become “the top meme coin.” The thing that ClayBro likes is Pepe Unchained’s rapid presale growth. With over $11 million in the bank, it’s one of the most successful ongoing presales.
And remember what Cilinix Crypto said: momentum is one of the key factors for a successful presale.
Regarding exact price predictions, the 99Bitcoins YouTube channel says its value could 10x after the presale.
Layer 2 blockchains are rising as Pepe Unchained provides a home for meme coins
Ethereum is no longer a single blockchain – it is an ecosystem comprising the main chain and countless offshoot networks (layer 2s). These layer 2s provide fast and low-cost transactions while interconnecting through the Ethereum main network.
In the early days, there were projects like Polygon, Arbitrum, and Optimism.
We can call these “generalist layer 2s.” They mimicked Ethereum, enabling multiple use cases, except with increased scalability. But people soon realized that layer 2s don’t have to stop there. Devs started creating specialized layer 2s, which expanded the boundaries of what was possible.
For instance, Blast was created for NFTs, Manta for privacy, and Immutable X for gaming, and Sony is also working on a layer 2 for gaming.
Yet, one thing is missing: a layer 2 for meme coins.
This is where Pepe Unchained comes in. It’ll be the first Pepe-themed token with its blockchain.
The team is promising speeds 100x faster than the Ethereum main network, and it’ll also offer lower fees. But the exciting part is that anything could happen on Pepe Unchained.
With scalability and an innate focus on meme coins, the floodgates are open for developers to create innovative meme coin-related dApps and tools. The project will offer a block explorer, a dedicated Ethereum bridge, and a staking mechanism.
Per its whitepaper, Pepe Unchained’s lower operational costs allow it to provide stakers with more lucrative rewards. Currently, staking offers an 182% APY, but this will decrease as the staking pool grows.
Join the Pepe Unchained presale today for the best price
The Pepe Unchained presale price will gradually increase as the campaign progresses. It is currently available to buy at $0.0093477, but the price will increase later today.
20% of Pepe Unchained’s total supply is allocated to the presale, and another 30% to staking rewards. Technically, this means some investors could double their money just on staking alone. The remaining tokens will be split between marketing, liquidity, project finance, and chain inventory.
Pepe Unchained has received a smart contract audit from Solid Proof, ticking another box regarding its legitimacy.
Follow the Pepe Unchained X or join its official Telegram for the latest developments. Alternatively, visit its website to buy and stake tokens.