Pepe Holders Are Moving Fast Into This Hidden ICO – Should You Be Paying Attention?
As Pepe holders exit in droves following a weekend pump, predictions suggest that PEPE may underperform going into the final months of the year.
In contrast, Pepe Unchained has gone viral, positioning PEPU as the premier beta player in the market.
In this article, we unpack why Pepe’s price is anticipated to underperform in Q4 2024 and uncover whether a new layer-2 innovation could offer superior meme coin gains.
$PEPEAnd it was too good to be true because again, it was another horrible position to be in.I was very close to being stopped if we fell below the breakout of the falling wedge but I was lucky here.Time to run it back and make last weeks pain worthwhile https://t.co/OSZxbuwdWe pic.twitter.com/nb9aDUcCrH— Posty (@PostyXBT) October 7, 2024
This comes amid a dramatic dip from the weekend’s upside moves, which have seen holders paralyzed by fear amid a fake-out-style move.
Why is Pepe Expected to Underperform in Q4 2024?
While Pepe might ostensibly appear to be an incredible hold for the year ahead, having posted an impressive +700% YTD, there are serious issues overhanging the top frog meme coin.
The crux of this is that Pepe may very well be called a victim of its own success.
Having exploded into the crypto scene last April in a dynamic pump that triggered the end of a turbulent crypto winter, PEPE has cemented its status in the top 30 coins.
Yet, this comes at a cost—namely, maintaining a significantly high market cap, which currently stands at $4,374,740,779.
One might think this is a good thing: a multi-billion dollar token standing at #28 amongst the thousands of coins in the crypto space.
That’s where you’d be wrong, and it’s all because of market cap, which can be an insightful tool to illuminate future growth potential.
Let’s imagine a 2x return for Pepe, a modest return, and certainly not the mega-gains that draw people to invest in meme coins.
For PEPE to do a 2x from here, it must grow to hit a market cap of $8,749,481,558 – an influx of an additional $4.35Bn in capital.
Banking on a 2x return for PEPE is loosely equivalent to expecting the entire foreign reserves of the Nation of Paraguay to just rush into your investment. In other words, it’s no small order.
If you were to compare this to a coin standing at a $1M market cap, such a low-cap gem would only need a much more attainable additional influx of $1M to hit the same 2x for your portfolio.
So, as you can see, it is unlikely that Pepe will supercharge your portfolio with 5x or even 3x returns in 2024.
Are There Better Pepe Alternatives?
Luckily, it’s not the only Pepe in the space. In fact, many smart money investors are already taking a position in a $18M market cap coin that could easily perform a 50x move in comparison—let’s take a quick look.
Look no further than Pepe Unchained (PEPU). This mega-hyped presale is about to hit $18 million in funding, as smart money seems to have chosen this project as the next big meme coin play.
One big reason for the insane interest in PEPU is that it is more than a meme coin. The team is building a new Layer-2 (L2) network on top of Ethereum as an ecosystem for meme coins. This network will offer all of the safety and security of Ethereum coupled with extremely fast transactions and low-cost fees.
Pepe Unchained L2 Sneak Peek!What we're building is not just a new chain, but an entire ecosystem.Pepe Unchained L2Block ExplorerDEXBridgeAdvanced AnalyticsBuilder GrantsPepe Unchained is coming. And it's going to shake up the crypto space. pic.twitter.com/ZVnvgO6MGF— Pepe Unchained (@pepe_unchained) September 26, 2024
To ensure that the PEPU network has a thriving ecosystem from day one, the team has announced a grant initiative named ‘Frens With Benefits.’
Teams will soon be able to apply for funding to build on the network, which the PEPU Council will vote on.
Developers can use the grants to help fund the development of DeFi protocols, NFTs, GameFi products, etc., on the PEPU chain – ensuring high-octane growth alongside a new platform for meme coin deployment.
Less than 24 hours are remaining before the next price stage increase in the Pepe Unchained presale, and the team is also letting you double down on rewards with a built-in staking mechanism for presale participants.
Once you’ve secured your bag of PEPU, simply begin staking for a juicy 122% APY in return – Wall Street can’t do that, can they?
So don’t miss out. Stay up to date by engaging with the Pepe Unchained community on X and Telegram.
VISIT PEPU HERE
The post Pepe Holders Are Moving Fast Into This Hidden ICO – Should You Be Paying Attention? appeared first on Cryptonews.
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