Pepe Unchained ($PEPU) is a viral presale crypto that has raised over $16 million.
Its momentum is causing a lot of buzz, and one prominent analyst says it could 100x in price.
But beneath the hype lies a promising use case. Pepe Unchained will be the first Pepe-themed crypto with its own layer 2 blockchain.
ClayBro says $PEPU is ready to explode
The crypto market is witnessing a strong rebound, and meme coins are some of the top performers.
This is one of several factors on which ClayBro bases his thesis, speculating Pepe Unchained will 100x.
“We are going to see a price rally like we have never seen before,” said the analyst.
He continued, “All we have to do is accumulate as much as possible so when the rally does happen, when the FOMO happens – we’re taking advantage of it.”
ClayBro underscored the benefit of Pepe Unchained’s use case as a meme coin Ethereum layer 2 and reiterated that the crypto market is moving into a bullish period.
Based on that, the analyst suggests $PEPU could see massive returns after listing on exchanges.
The Pepe Chain: A full-fledged Pepeverse on Ethereum
Analysts have said it repeatedly – this cycle is all about Pepe.
Even the infamous “Dogecoin Millionaire” Glauber Contessoto – who bet his entire net worth on Dogecoin – now points to Pepe for bigger gains.
Contessoto recently tweeted, telling his loyal army of degens that “anything related to Pepe” will notch this cycle’s strongest returns.
Regarding Pepe-related projects, he says, “We will see plenty of different tokens on different blockchains with different teams and communities backing them, and clear winners will present themselves.”
Pepe Unchained may well be a winner.
Unlike other Pepe-themed tokens, $PEPU represents an entire ecosystem.
The ‘Pepe Chain,’ as the team calls it, will house meme coins and meme coin-related decentralized applications.
It could fulfill Contessoto’s vision and become a hotbed for a growing Pepeverse.
Pepe Chain is an Ethereum layer 2 blockchain. It’s expected to be 100x faster and much cheaper than Ethereum. It’ll also launch with features like staking, a dedicated Ethereum bridge, a block explorer, a decentralized exchange, and more.
Imagine an ecosystem built on top of Ethereum, which is all about meme coins. That’s the Pepe Chain.
And because it’s based on Ethereum, there’s a clear pathway for some of Pepe’s $4.7 billion market cap to transfer over.
Through an intense focus on market-leading utility, Pepe Unchained stands apart from the rest of the meme coin industry.
This is reflected in its presale success, with investors purchasing over $16 million worth of tokens so far.
But with the project already scorching hot, what’s next?
The crypto market is heading into ‘greed’ as explosive catalysts align
Traders are dialing up their risk appetites, which is good news for Pepe Unchained.
Since late March, the crypto market has been bearish, with many altcoins crashing.
However, a barrage of tailwinds has simultaneously swept the market and provided a springboard for growth.
Many crypto prices have pumped. Not least is Pepe, with a 37% rally this week.
The crypto market is at an inflection point and things are looking up.
It began with the U.S. Federal Reserve cutting interest rates in mid-September, which directed more money into risk-on assets like cryptocurrencies.
However, loosening monetary policy has been a global phenomenon, with China recently launching a stimulus package to boost economic growth.
And crypto-specific, there is a $16 billion liquidity injection coming this week as defunct FTX users will be reimbursed as part of the bankrupt exchange’s repayment plan.
All of this is generating huge excitement in the market, causing the Crypto Fear and Greed Index to venture toward “Greed.”
Investors are becoming hungrier gains and it’s in times like these that meme coins thrive.
Pepe Unchained will launch on exchanges shortly, just in time for the market rally.
The current Pepe Unchained presale price is $0.00989, but this will rise throughout the presale with the next increase in one day.