Pepe Price Prediction: PEPE Soars 28% In A Week, But Investors Are Flocking To This Layer-2 Derivative With A 398% APY

Pepe Price Surges

The Pepe token has experienced a significant increase in value, with its price rising 28% in the past week and 1% within the last 24 hours. As of 01:21 a.m., Pepe is trading at $0.00001216, with a 30% surge in trading volume.

Market Sentiment and Technical Analysis

This price surge aligns with the overall positive market sentiment, as meme coins have been performing well amid the prevailing bullish trend.

The technical analysis of the Pepe chart shows a strong bullish trend. A repeating pattern is emerging on a larger scale, suggesting the potential for further gains.

Whale Activity and Price Outlook

Brian Garret, the CEO of Future Star, has noted significant purchases of Pepe tokens by large investors, indicating a positive outlook for the token's price.

Based on the Fibonacci levels, the Pepe price is trading above the 50% Fibonacci placeholder but within the Fibonacci Golden Zone. It faces resistance at the 38.2% Fibonacci level of $0.00001225, but has the potential to overcome this with sustained bullish momentum.

Technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), also support the bullish bias for Pepe.

Alternative Investment: Pepe Unchained

While Pepe continues to gain momentum, a new meme coin, Pepe Unchained (PEPU), has emerged. This Layer-2 meme coin is being touted for its potential to soar 100X after its launch.

Key Features of Pepe Unchained

Pepe Unchained is built on its own Ethereum Layer 2 blockchain and aims to address the scalability, speed, and efficiency issues associated with Ethereum Layer-1 blockchain-based meme coins.

The project offers token staking with an annual return of 398% and a rapid price hike scheduled within the next 2 days.