PEPE in critical situation, successor PEPU continues to stand out
PEPE is showing signs of recovery despite recent selling pressure. Investors are taking advantage of the downturn to increase their holdings, boosting memecoin trading.
After a series of declining days, PEPE may be on the verge of a reversal, with the establishment of a new consolidation pattern. Analysts predict a potential increase of 300% in the coming months if this pattern breaks.
But PEPE's situation is still critical and nothing is defined. Meanwhile, Pepe Unchained (PEPU) is pre-selling tokens and is getting closer to its fundraising goal every day.
Is PEPE ready for a turnaround?
The supply of PEPE on exchanges decreased a little last week. This means that, even with the drop in memecoin's value, investors chose to hold the token, demonstrating their confidence in Pepe.
There was a significant increase in the growth of the PEPE network, indicating the creation of more addresses for transferring the token. Furthermore, there was an increase in PEPE volume, indicating the popularity of memecoin in the crypto scene.
If there is a reversal in the uptrend, it will be vital for memecoin to break above $0.0000096. Whenever there is a surge in liquidation, it typically results in short-term price corrections.
On the other hand, if the downward movement continues, memecoin may find support at $0.0000088. Pepe had a drop of more than 7% in the previous week. In the last 24 hours, the value of memecoin has fallen by more than 5%.
Only 196.3 thousand PEPE addresses continued to generate profit. This corresponds to 63% of the total existing PEPE addresses. This is AMBCrypto's assessment of IntoTheBlock data.
Furthermore, AMBCrypto had already informed about a new listing previously. BitPoint Japan, a prestigious cryptocurrency exchange, announced its plans to list PEPE. Typically, listings lead to a price increase as they stimulate optimism and also drive adoption of an asset.
Therefore, AMBCrypto proposed a more detailed analysis of the current state of PEPE. The idea is to determine whether these advances could result in a reversal of the bullish trend in the short term.
PEPU pre-sale approaches fundraising goals
Pepe Unchained is an innovative project that aims to reduce congestion on the Pepe network by establishing a direct connection to the Ethereum network. This speeds up transactions and reduces fees.
The staking system for PEPU tokens is present in the Pepe Unchained ecosystem, where staking earnings are based on ETH earnings. Therefore, they are higher than market earnings.
Currently, the annual return forecast is 96%. However, this value may decrease as more tokens are added to the pool. Even so, it still remains quite competitive in relation to the average returns of other memecoins.
PEPU has been gaining notoriety for its usefulness and the possibility of generating passive income. This is evidenced by the successful pre-sale of the PEPU token.
The amount raised in pre-sale has already exceeded US$ 24.4 million, with PEPU being considered the main successor to PEPE.
Tokenomics and PEPU pre-sale
The Pepe Unchained project's tokenomics study points out that approximately 40% of tokens issued on the blockchain were intended for pre-sale. This way, if the fundraising continues to be successful, the pre-sale can end at any time.
Another 30% of the token supply will be allocated for staking. 10% will be for project marketing, 7.5% for liquidity, 7.5% for the development of Pepe Unchained and, finally, 5% for network inventory.
Therefore, investors who are interested and wish to take advantage of the opportunity to participate in PEPU should act quickly. Soon, the tokens will be available on major exchanges in the market, increasing prices.
On the official Pepe Unchained website, you can purchase PEPU tokens for US$0.01209. Investors have the option to use their ETH, USDT, BNB or even credit card balances to purchase PEPU.
Follow Pepe Unchained on social media so you don't miss any updates about the project. PEPU has been gaining prominence as a unique chance for those looking to invest in a utility token.
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.