Frog meme coins are back on the rise, and PEIPEI (nicknamed Chinese PEPE) is leading the charge.
This article will provide an analysis of PEIPEI’s current price trends and look to see whether an innovative new meme coin, PEPU, represents a more promising investment opportunity at this time.
$PEIPEI is in a league of its own.
Kept my portfolio green during the Germany dump.
Now it’s chasing new all time highs. GG if you got in with me.
Next target for me now is 250m market cap.
Very doable. pic.twitter.com/CbPm0PIiRQ
— TraderNJ (@TraderNJ1) July 11, 2024
With PEIPEI holders now targeting a push to a $250 million market cap, the prospect of a 2x return on the short-time frame dominates sentiment on social media platforms.
PEIPEI Price Analysis: Chinese Pepe Revival Sparks Renewed Interest in Frog Meme Coins
As Chinese PEPE price action continues to grind up, PEIPEI is currently trading at a market price of $0.00000033 (representing a 24-hour change of +1.58%).
This comes after PEIPEI price smashed out of consolidation between $0.00000016 and $0.00000028, to push up into the upper-side of the ongoing ascendant trading channel – with price action now finding feet above $0.00000031.
The move was triggered amid mighty inflows of more than $7.3m in volume over the past 24-hours, and the shift into high gear has left PEIPEI at a strong but still alluring $138M – as it teases the idea of a breakout into big meme coin status.
With sell-pressure incredibly low at just 37% of transactions in the past 6-hours it seems there is a strong trend for hodling behaviour amongst investors.
A closer look at the chart also reveals an RSI shifting to positive sentiment at 56 – indicating that price will once more have the capacity to shoot to the upside in the coming hours.
But while PEIPEI looks very strong, at a $129M market cap, the best opportunities are already lost, as many early backers are already sat atop 100x gains – and for this reason Pepe Unchained is rapidly gaining fresh attention.
Discover a Hidden Gem: The Viral New Meme Coin Presale
Already standing strong at a jaw-dropping $3,211,938 raised, this viral beta play is all the more impressive considering the team only launched the PEPU presale a week or so ago.
However, this is no ordinary spinoff token; in fact, Pepe Unchained could be the exact revolution that PEPE needs in the 2024 market environment.
At the heart of this is the fact that Pepe is an ERC-20 token, a token standard and chain that is not only increasingly unpopular but also slow and expensive.
Other top-shelf meme coins, such as Shiba Inu, have had a dynamic response to these scalability challenges surrounding Ethereum, with Shiba Inu developer Shytoshi deploying a layer-2 scaling solution named Shibarium last year.
Yet, the same cannot be said of Pepe, which has been slow to respond to challenges, which has led to Pepe Unchained’s creation.
Power Up Notice!
Pepe is about to bring something big pic.twitter.com/aBwy1zgBZM
— Pepe Unchained (@pepe_unchained) July 8, 2024
Positioned as a community-fuelled Layer-2 solution; you can look at PEPU as Pepe 2.0.
And amid fever for high-speed, low-cost meme coin trading on the latest and greatest Layer-2 blockchains like BASE and BLAST, there is clear unhinged growth potential for this $3.2M market cap project.
Indeed, the $32M needed for PEPU to produce a 10x is just a raindrop in the ocean of the $39,373,097,994 that PEPE would require to produce the same returns.
So don’t miss out – engage with the Pepe Unchained community on X and Telegram.
Buy PEPU Here
The post Frog Meme Coins Are Back? Chinese Pepe PEIPEI Explodes 379% And Pepe Unchained ICO Raises $3 Million appeared first on Cryptonews.
