Investors are discreetly reallocating their funds to a lesser-known coin called Pepe Unchained, which has the potential to explode in value after being listed on exchanges.
Pepe Unchained is a meme coin that is gaining traction in the market, challenging the current cat-coin leader, Popcat. The competition among cat coins is fierce, with various contenders vying for the top spot. Recently, there has been a surge of interest in animal-themed cryptocurrencies, including Dogcoins, frog coins, baby hippo coins, and even Goat coins. However, cat coins, in particular, have garnered significant attention, as evidenced by the appearance of four crypto cats on the Murad meme coin supercycle prediction list.
CoinGecko data reveals that there are currently over 13 cat coins with market capitalizations exceeding $50 million, highlighting the intense competition in the $4.39 billion cat coin space.
As for Popcat, the leading cat coin, it is currently trading at $1.34, with a 24-hour change of -1.12%. Despite a momentary scare caused by the emergence of a “death cross” between the 20-day moving average (20DMA) and 200-day moving average (200DMA), Popcat managed to recover and regain control of price action. This led to the reversal of the “death cross” and the formation of a bullish “golden cross,” indicating potential upward movements in the future.
While there has been some minor retracement, Popcat is expected to experience a bullish bounce following the golden cross, with a potential price target of $1.487, representing a 10.81% increase. The downside risk is relatively low, with a well-defended support level at $1.31. This risk-reward ratio of 6.17 makes Popcat an appealing choice for derivatives traders.
Moving away from the multi-billion market caps, there is a particularly exciting opportunity in the meme coin space this week—Pepe Unchained. This project aims to address the issue of high gas fees by launching a dedicated meme coin layer-2 solution. This will enable faster transactions at a lower cost, creating a highly scalable environment for meme coin developers.
Pepe Unchained is not just another layer-2 solution on Ethereum; it is a hub for meme coin activity. The project’s developers are already planning various ecosystem development tools, including block explorers, cross-chain bridges, and a developers grant fund. The project has raised an impressive $20.52 million through crowdfunding, making it one of the hottest launches of 2024.
Investors have the opportunity to participate in the $PEPU presale and profit from this venture. With an experienced development team and a strong community, Pepe Unchained is poised for success in the meme coin market.
It’s important to note that cryptocurrency investments carry a high level of risk, and this article is for informational purposes only and should not be considered investment advice.