Pepe Price Prediction: PEPE Surges 15%, But Analysts Say This Layer-2 PEPE Derivative Might Be The Best Meme Coin To Buy Now

Pepe Price Surges 15% Amidst Investor Re-Accumulation

The Pepe Price has experienced a significant surge of over 15% within the past 24 hours, reaching $0.000009549 as of 12:00 a.m. EST. This upward momentum reflects a growing interest from investors who are accumulating the meme coin.

However, this recent gain has not been sufficient to offset the crypto's underperformance over the past week. The PEPE price remains over 17% lower compared to 7 days ago.

Pepe Price Rebounds from Support

4-hour chart for PEPE/USD (Source: GeckoTerminal)

The Pepe price has rallied from a key support level of $0.000007661 within the past 24 hours and is approaching a significant resistance level at $0.000010688. If this threshold is breached within the next 12 hours, the technical indicators suggest that the price could potentially rise to $0.000013211 in the short term.

Alternatively, if PEPE encounters resistance at $0.000010688, the bullish sentiment may be invalidated. In this scenario, the price could potentially retest the $0.000007661 support level. A further decline below this threshold could initiate a downward trend towards $0.000006148.

Technical Indicators Signal Potential Further Upside

Technical indicators on the PEPE 4-hour chart indicate a possibility for continued price appreciation within the next 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are exhibiting positive signs.

Over the past 24 hours, the MACD line has crossed above the MACD Signal line on the 4-hour chart, indicating a short-term positive trend. Furthermore, the MACD line is extending above the MACD Signal line, suggesting increasing bullish momentum.

The RSI reading above 50 supports this outlook, indicating that buyers have gained an advantage over sellers on the PEPE 4-hour chart. If this momentum continues, it will be easier for buyers to push the price higher in the next 24 hours.

The validation of these technical indicators could lead to the Pepe price potentially flipping the $0.000010688 resistance level into a support zone.

Pepe Unchained Benefits from Layer-2 Solution

As the PEPE price shows promising signs of growth, the new layer-2 version of the frog-themed token, Pepe Unchained (PEPU), is positioned to capitalize on this momentum.

Pepe Liberated from Ethereum's Constraints

Ethereum has played a dominant role as the blockchain network for decentralized application (dApp) development and has historically been the preferred platform for new tokens. However, the surge in demand for these projects has strained Ethereum's resources, resulting in high transaction fees and delayed processing times.

Pepe Unchained (PEPU), with its own dedicated Layer-2 network, aims to address these limitations by introducing an upgraded version of PEPE with transaction speeds 100 times faster than its Ethereum-based counterpart.

Furthermore, the Pepe Unchained blockchain will serve as a launchpad for meme coin projects seeking to avoid Ethereum's high fees and sluggish transaction times. The project will also feature its own dedicated blockchain explorer, allowing investors to monitor their PEPU transactions without the need to navigate through the extensive list of tokens on Ethereum. However, seamless bridging of assets between the Ethereum network and Pepe Unchained remains possible.

Given the enhanced capabilities and dedicated Layer-2 network offered by PEPU, it is understandable why YouTuber Crypto Gains is enthusiastic about the project. In a recent video, he expressed his belief that the meme coin has the potential to experience a 100X increase in value.

Investor Confidence in PEPU

The ongoing ICO for PEPU has already raised over $2.8 million, demonstrating strong investor belief in the project's future prospects. In addition to its practical utility, Pepe Unchained is offering early investors an attractive staking opportunity. Those who acquire and lock up PEPU during the presale are eligible for annual rewards of up to 661%.

Seizing the Opportunity with PEPU

To participate in this opportunity, you can acquire the PEPU token through the purchase widget on the project website's homepage. The meme coin is currently priced at $0.0083258 and can be purchased using ETH, USDT, BNB, or bank cards.

Once purchased, the tokens can be staked through the staking page on the Pepe Unchained website. It is important to note that the price of PEPU will increase in approximately 19 hours, so interested investors are advised to act swiftly.

Purchase and stake PEPU here before its price increases.

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