Pepe's price falls, but its successor continues to rise
The price of Pepe fell this week. Memecoin is down around 6.5% and is struggling to break resistance at $0.000010. But PEPE price could still fall 28% to $0.0000070.
Even with Pepe's current decline, his success doesn't seem to be wavering. Pre-sales for Pepe Unchained (PEPU) continue to soar and have raised over $22.2 million so far
Large supply barrier leads to Pepe's decline
Pepe's price has dropped approximately 6.5% in the last seven days. This decline may be related to a large supply barrier. PEPE price could recover to $0.000014, although current indicators point to a longer downtrend.
Approximately 5,300 Pepe addresses hold 23.84 trillion tokens, which have accumulated to around $0.0000010. This data is from the In/Out of Money Around Price (IOMAP).
These tokens are worth almost $240 million. But this group is maintaining memecoin even at a loss.
In Pepe's case, the volume at $0.000010 far exceeds that at $0.0000090. This suggests that the token may have difficulty breaking the $0.000010 resistance.
Analysts also noticed a price drop in the network's growth. This metric measures the number of new addresses interacting with the cryptocurrency. A drop in this direction may indicate that traction on the network has decreased.
This decline could translate into less demand for PEPE and make it difficult to increase the price again.
Some analysts estimate that the PEPE price could fall 28% to US$0.0000070. But if buying pressure increases with volume higher than the $240 million resistance, the price could increase to $0.000014.
Even with Pepe's fall, his successor has successful pre-sales
Pepe exploded as soon as it was launched, offering returns of up to 700%. But now the frog-themed memecoin is in decline, albeit a temporary one.
Now, the highlight has been Pepe Unchained, successor to Pepe and which promises to operate at Layer 2 and reduce traffic on the blockchain.
PEPU, Pepe Unchained's native token, has utility and offers passive income from staking. This way, investors can profit from the token’s medium and long-term growth and income. Especially if they allocate their tokens to the project's yield pool.
The estimated rate of return is currently 103% p/a. The value may vary and decrease as more tokens enter the pool. But even so, this index can be considered well above the average returns of other memecoins.
The distribution of $PEPU token rewards will occur at a rate of 608.82 $PEPU tokens per ETH block. These rewards will be disbursed over 2 years. They can be redeemed as soon as the claim comes into force.
Pepe Unchained has already shown that it can surpass Pepe and go much further. So far, the developers have raised more than US$22.2 million in pre-sale, indicating that the token already has a very large community.
Participate in the PEPU pre-sale
For pre-sale, around 40% of the tokens minted on the blockchain were allocated. But everything indicates that these assets are close to being exhausted. Investors who are interested should hurry to secure PEPU at the lowest price.
To purchase PEPU during the pre-sale, investors must visit the official website and connect a cryptocurrency wallet. The project team recommends the MetaMask wallet for purchases made on the computer and the Best Wallet for Mobile Devices.
Pepe Unchained presale accepts balance in ETH, USD and BNB. It is also possible to buy PEPU with a credit card, but there are corresponding fees.
Pepe Unchained has proven to be a unique opportunity for anyone who wants to invest in a cryptocurrency with utility and a promising future.
Follow Pepe Unchained's social media to find out all the news and follow the pre-sale.
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.