Dogwifhat Price Rise Amid Market Volatility
Dogwifhat recently went through a double-digit bull run. But this was accompanied by an increase in the token's volatility on the market. This could cause $WIF's 30% appreciation to be halted.
As some memecoins suffer from market volatility, new projects are successful in pre-sales. An example of this is Pepe Unchained, also known as the successor to Pepe.
Increased Dogwifehat Market Volatility
Dogwifhat has become one of the most popular memecoins on the Solana blockchain. But the ATR and Bollinger Bands indicators demonstrate an increase in market volatility for $WIF, Dogwifhat's native token.
This has led some investors to remain on hold, as $WIF has faced market fluctuations and could go in any direction.
ATR is an indicator that measures the volatility of a token over a given period. The ATR of $WIF is in an uptrend. But it could also signal an increase in market volatility and daily price fluctuations.
Another important factor to consider is that generally when the price of an asset increases without there being demand, it could just be FOMO.
The future of $WIF is still very uncertain and the possibility of facing a devaluation cannot be ruled out. The token could test support at $1.96 or even fall to $1.07, its low since early August.
Pepe Unchained stands out with its utility token
Pepe exploded shortly after it was launched, with returns of up to 700% for early investors. Now, its successor, Pepe Unchained ($PEPU), is undergoing a successful pre-sale phase.
Pepe Unchained's mission is to act on Layer 2 of the Pepe network and reduce traffic on the blockchain. This has the potential to increase efficiency outside of the ETH network. Layer 2 is a layer built on top of the Ethereum network, allowing for faster and cheaper transactions.
Gas fees are also lower as there are fewer transactions clogging up the main Ethereum network.
The developers' intention is to increase yields across the entire ecosystem. As it is a utility token that can also deliver passive income, experts are pointing to Pepe Unchained as one of the best cryptocurrencies to buy right now.
Other features
$PEPU has uses that go beyond helping with the Pepe network. This is because it also offers a real possibility for investors looking for projects with passive income resources.
Investors can profit twice from the token through Pepe Unchained's innovative staking mechanism. First, with the growth of the token in the medium and long term. Second, with the proceeds from the Pepe Unchained ecosystem pool.
Proceeds from the project will be paid over two years. According to information on the official Pepe Unchained website, this should occur at a rate of 608.02 $PEPU tokens per ETH block.
At the moment, the estimated rate of return is 128%. This index is well above average, especially if we compare it to the returns of other memecoins.
This return from the staking system is an estimate and values can vary greatly. This is because they are calculated based on the tokens allocated in the liquidity pool. It is necessary to consult the return rates and stipulated rules before staking with $PEPU tokens.
How to buy $PEPU before pre-sale ends
Pepe Unchained has already shown that it can surpass the original Pepe and go much further. The project's pre-sale has already raised more than US$16.8 million, indicating that the token already has a significant community.
$PEPU tokens are selling for $0.0099. But this price will increase soon, probably in less than 2 days, once the Pepe Unchained pre-sale advances to the next stage.
To buy, investors must access the official Pepe Unchained website and use balance in ETH, USD, BNB Coin or PEPE. There is also the option to purchase with a credit card, upon payment of the corresponding fees.
Redemption of $PEPU tokens will occur after the pre-sale ends. To redeem your tokens, simply reconnect the wallet used to purchase $PEPU and click 'claim'.
Pepe Unchained could be a unique opportunity for anyone who wants to invest in a utilitarian and promising cryptocurrency. Follow the project's social media to find out about all the latest news about the project.
Disclaimer: This article is for informational purposes only, and does not constitute investment advice or an offer to invest. CriptoFácil is not responsible for any content, products or services mentioned in this article.