Pepe Unchained ($PEPU) is establishing itself as one of the top ICOs of recent years.
The project has raised $14.7 million so far, drawing interest with its ambitious plans to build a meme coin-themed Ethereum layer 2 blockchain.
A viral utility coin: Pepe meets Ethereum layer 2
Investors do not need to choose between meme coin or utility coin – Pepe Unchained is both.
Rooted in the iconic Pepe the Frog meme, Pepe Unchained has vibrant, light-hearted branding that is doing an excellent job of attracting attention.
However, its real power lies in its underpinning Ethereum layer 2 blockchain, which is 100x faster and far cheaper than Ethereum.
The ‘Pepe Chain’ is open to everyone. Its low fees and high speeds make it ideal for trading meme coins.
This is already attracting thousands of users – which self-propagates into a stronger network effect – attracting more liquidity, users, and developers.
The endgame is an extensive ecosystem comprising meme coins and meme coin-related dApps.
The possibilities are endless. Developers could build anything from a meme coin-related DeFi app to a Play-to-Earn game filled with meme coin characters.
Pepe Chain could be a portal into Ethereum’s memetic realm.
And through new developments, this might become a reality quicker than you think.
Builder grants coming to Pepe Unchained in Q4, expect rapid growth
In response to the staggering presale capital inflows, the Pepe Unchained team made a well-received announcement that they will launch developer grants in Q4 2024.
The post also revealed that Pepe Chain will launch alongside the $PEPU exchange launch.
Pepe Chain’s launch will also include its inherent features like a dedicated Ethereum bridge, staking, a block explorer, a DEX, and more.
Per the thread, the team is awaiting the perfect time to launch on exchanges in a bid to “maximize impact” on the $PEPU price.
Pepe Unchained’s grants program will economically incentivize developers to build on the network.
However, as mentioned, the project’s strong community is another big draw to developers. A thriving community means new projects will have an easy time cultivating adoption, making Pepe Chain an appealing launchpad for industry builders.
Analysts say $PEPU can explode after IEO – how far can it go?
Pepe Unchained’s efforts to cultivate a new home for meme coins have not gone unnoticed.
Analysts are paying close attention to the new project, with many providing exciting price predictions.
On the more conservative side, Cilinix Crypto says he has invested and expects 5x gains after it launches on exchanges.
However, other analysts are a lot more optimistic. For instance, Umar Khan from 99Bitcoins says it can 100x.
Given that it has already raised over $14 million, this would place it on the higher end of crypto valuations. Currently, there are only 66 projects with a market cap of over $1 billion.
That said, its blend of layer 2 utility and viral meme coin allure are certainly strong foundations for such growth.
Whether it can ultimately reach those heights depends on the project’s adoption once it goes live.
Crypto market primed for gains as traders look to unfolding catalysts
Several catalysts are lining up, which traders anticipate could signal the beginning of crypto’s next bull rally.
Notably is the effect of the Bitcoin 4-year cycle. Bitcoin (and, therefore, the rest of the crypto market) historically enters a bull run 170 days after the Bitcoin halving. At press time, the halving was 156 days ago.
Analyst Quinten Francois highlighted this in a recent tweet and also underscored that the U.S. presidential elections are coming up, which are expected to bolster market dynamics.
Moreover, he highlighted that global liquidity is rising, which will draw more capital into the crypto market.
This is exactly what a new project like Pepe Unchained needs to launch successfully.
Stay updated with the latest developments by following its X or joining its Telegram. Alternatively, visit its website to buy and stake tokens.