Frog coins are defying the broader crypto market pull-back as Pepe coin (PEPE) fuels strength across the meme coin vertical, yet less than a day before the next major price increase – the Pepe Unchained (PEPU) presale has smashed $8.5M.
Traders’ overstated hopes of a pump at the tail end of Ethereum Spot ETFs launching trading have ended in disappointment, a move reminiscent of January’s -20% BTC ETF sell-off.
At the heart of the downside is Jump Capital, which opted to dump assets into a low volatility weekend (Aug 3-4) in a move which saw a -33% correction across the crypto market.
$ETH
Actually the first time this piece of shit has confluent supports and doesn't look too bad
I'm actually intrigued for the first time in what feels like years pic.twitter.com/YaBtpMPNMW
— DonAlt (@CryptoDonAlt) August 12, 2024
Yet, despite the wider market downturn stemming from the event, meme coin markets are holding fairly strong—with eagle-eyed retail investors remaining bullish about potential market growth once the FUD has cleared.
PEPE Price Analysis: Will Pepe Coin Stoke The Flames of Frog Coin Growth?
Meme coins remain in the crosshairs of prominent crypto influencers, and Pepe coin sentiment remains largely bullish on the long term as holders continue to target market caps up to $50Bn (implying up to a 10x move over the next year).
Looking at the chart, Pepecoin is in a strong position, and PEPE is currently trading at a market price of $0.00000802 (representing a 24-hour change of -2.2%).
In its current form, the PEPE price appears resilient, with a strong position established following a local bounce at bedrock support, as Pepecoin primes atop support at $0.0000075.
This provides solid underfoot for another attempt at the upside for Pepe coin, with bulls targeting a close above $0.00001 this week.
Upside positioning, as described, would set PEPE’s price on course for a solid weekend, as the price could rip into the upside of the Bollinger band range – which also mirrors topside resistance around $0.00001.
In further bullish sentiment, a glance at the RSI affirms the probability of such a move, with momentum cooling to oversold over the past week – currently 39.91 – suggesting sufficient upside capacity for the PEPE price to push higher.
This bodes well for Frog coins across the meme coin market, with retail investors seeking high rewards clearly taking note of Pepe coin’s strong positioning as they seek out frog coin gems.
Pepe Unchained Developer’s Mastermind Plan To Spark A Native Pepe Coin Ecosystem
One such trade garnering significant traction with gem hunters is Pepe Unchained (PEPU), which is currently in the latter stages of its presale launch and is rapidly emerging as one of the most anticipated meme coin DEX launches of Summer 2024.
At the heart of this is a master plan to supercharge the remarkably underdeveloped Pepe ecosystem. This problem has festered due to the original Pepe coin’s entrapment on the clunky, slow, and expensive ERC-20 network.
Pepe Unchained is on a mission to chain that and break Pepe Coin free from a life of servitude on Buterin’s business chain.
To do this, a team of crackpot genius developers is cooking up a native layer-2 scaling chain: PEPU.
We’ve raised $8M!
Thank you to everyone on the Pepe Unchained journey. This milestone brings us closer to launching our Layer 2 solution for faster, smarter blockchain experiences! pic.twitter.com/cYWYqVd3l3
— Pepe Unchained (@pepe_unchained) August 10, 2024
This high-speed blockchain will enable effortless, low-cost meme coin deployment but, more importantly, will finally deliver a true home for the much-loved and hyper-bullish frog coin vertical.
So, with so much up for grabs, it’s easy to see why PEPU is surging in popularity – with a whopping $8.5M raised in the PEPU presale.
So don’t miss out; follow Pepe Unchained on X and Telegram.
BUY PEPU HERE
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