Pepe Unchained is on fire, closing in on $4 million in presale funding even before celebrating its first month since launch.
The recent surge in trading activity in the crypto market, catalyzed by the assassination plot on Donald Trump, has significantly boosted investment in Pepe Unchained’s presale amid competition from Ethereum-based ($ETH) predecessors like Pepecoin ($PEPECOIN) and Pepe ($PEPE) vying for Pepe supremacy.
Ethereum’s price has surged back to the $3,400 range amidst the trading frenzy, sparking speculation about whether it’ll break $4,000 with summer heating up. Furthermore, the earlier-than-expected approval of Ethereum ETFs could propel the top commercial blockchain to even greater heights.
If the positive trading vibes persist through September, Pepe Unchained has a real opportunity to shine. Grabbing it at its presale prices would be the perfect moonshot for the potential bullish activity in the months ahead.
$PEPU is up for grabs at just $0.0084937 per token in presale, but it’s set to jump to $0.00852770 in less than 48 hours.
Move fast to seize $PEPU now, as its current presale price won’t hang around for much longer. With upcoming listings on major exchanges looming on the horizon, prepare for its value to skyrocket.
The investment case for Ethereum in 2024
Ethereum has surged by 10.9% over the past seven days, yet it still needs a 16.68% push from its current price of $3,428 to reclaim the $4,000 mark.
With summer underway, expectations are high for Ethereum to stage a solid comeback to reach this price level again, bolstered by several compelling factors.
Notably, three Ether spot ETFs have received preliminary approval from the US Securities and Exchange Commission (SEC) to commence trading on July 23. This development marks a significant milestone, signaling increasing mainstream acceptance of crypto.
Moreover, these three ETFs represent just the tip of the iceberg, with Radar on X highlighting ten additional Ethereum ETFs set to launch next week.
JUST IN: Ten Ethereum ETFs launching next week.
@JSeyff pic.twitter.com/9NDH4gIW3J
— Radar (@RadarHits) July 17, 2024
Another compelling factor for Ethereum reaching $4,000 again is the resurgence of DeFi.
Just in the past week, the value of Ethereum locked in DeFi projects surged by 6.25% to an impressive $59.11 billion. Since the beginning of the year, Total Value Locked (TVL) has soared by 96%, highlighting a renewed market confidence in DeFi.
Meme coins on Ethereum, such as $PEPE and $PEPECOIN, have seen their values rise recently, engaging in a tug-of-war for gains in the past few days.
In theory, the positive trading activity of these Ethereum-based tokens also benefits Ether’s price, as they rely on gas fees priced in gwei (tiny fractions of Ether).
However, increased activity in these meme coins, driven by traders eager to execute transactions for FOMO reasons, can drive up gas prices. For instance, earlier this year, Pepe pushed gas prices to a 12-month high of 82.9 gwei in March.
If only Pepe had considered creating its own Layer 2 solution to lower transaction costs. Oh wait, it already did – hence, Pepe Unchained.
We’ve witnessed numerous Pepe imitations, but nothing rivals Pepe Unchained
Pepe Unchained is the only one that has tackled the challenges of owning a Pepe on Ethereum with the introduction of its own Layer 2 chain.
As a result, $PEPU can be purchased at a capacity 100 times larger than what ETH offers and at a significantly reduced cost. But that’s not all – Pepe’s Layer 2 also acts as a new ecosystem for emerging tokens, complete with a dedicated blockchain explorer to monitor all transactions.
Furthermore, Pepe Unchained enables instant bridging to ETH, improving interoperability and accessibility. And best of all, it offers massive staking rewards currently yielding an impressive 462% APY, providing investors with passive income opportunities that can quickly double their investment.
For investors, with everything that Pepe Unchained has to offer, there’s no better time than now to secure $PEPU at a discounted rate and prepare for massive growth, a sentiment echoed by popular YouTuber ClayBro on his channel with over 130,000 subscribers.
To join the presale and be part of the movement of owning a Pepe without the shackles of Ethereum, head over to the Pepe Unchained website, connect your wallet, and buy $PEPU with ETH, USDT, or BNB. Credit cards are also accepted.
Pepe Unchained’s smart contract is fully audited by Coinsult and SolidProof, guaranteeing zero critical issues in the integrity of its code.
Ethereum’s recovery is fantastic for the market at large, but let’s be real – owning a token like Pepe isn’t fun if gas fees are steep. Join the movement to set Pepe free. Get your $PEPU today!
Check Out PEPE Here
The post Can Ethereum Reach $4k Again This Summer? Pepe Unchained Raises $4M appeared first on Cryptonews.
