As we head into October, Pepe is leading the way among the ‘big three’ meme coins.
It’s currently trading at $0.000008471, up 16% in the last week.
Pepe Pumps As Analysts Predict Next Bullish Leg Through October
Since its inception in 2023, Pepe has outperformed Dogecoin and Shiba Inu by orders of magnitude.
In the past 12 months, Pepe has increased over 1,100%. Meanwhile, Dogecoin has risen by 79%, and Shiba Inu has gained 104%.
However, this macro-scale performance is also reflected on the micro-scale. While Pepe has pumped 17.1% this week, Dogecoin is up 8.6%, and Shiba Inu is up 13.5%.
Traders have made it known that they’re looking for something new, and Pepe ticks all the boxes.
Industry experts anticipate Pepe’s strong performance will continue into October, often called “Uptober,” due to the historically bullish performance of crypto assets in the month.
One popular analyst who goes by the name “Backwards” on X says Pepe’s price chart is forming the “biggest wedge of the industry,” which he expects to precede an explosive breakout to the upside.
The analyst says Pepe will reach a market cap in the tens of billions and will become a top 10 cryptocurrency this cycle.
Meanwhile, Miles Deutscher says that Pepe offers one of the best risk-to-reward ratios among meme coins and highlights that it is currently breaking above diagonal and horizontal resistance levels simultaneously.
While neither analyst provided potential price targets, it’s clear that the sentiment around Pepe is optimistic for October and beyond.
In the near term, popular trader Bluntz notes that Pepe has flipped a resistance level into support and predicts a near 20% rally to follow.
But just as we have seen Pepe outperform its more established peers, there’s every chance newer projects outperform Pepe next month.
One of the most promising new meme coins is Pepe Unchained. The project is garnering attention by breaking the norms of meme coins – it’ll be the first one with its own blockchain.
Pepe Unchained Raises $15M for L2 Blockchain – Best Meme Coin to Buy?
Pepe Unchained is undergoing a presale and has raised $15 million as investors flock to its game-changing use case.
Meme coins are no longer just for giggles. Pepe Unchained uses the contagious power of meme coins to tackle a pervasive industry issue: Ethereum’s scalability.
The project is creating a layer 2 blockchain for meme coins and meme coin-related applications. It will be 100x faster and much cheaper than Ethereum and come with built-in features like staking, a dedicated Ethereum bridge, a block explorer, and a decentralized exchange.
Recently, the team announced it is in talks with tier-1 exchanges and awaiting the perfect time to launch to “maximize impact.”
There’s no confirmation on which exchanges are lined up, but Binance’s recent meme coin listing spree – paired with Pepe Unchained’s explosive presale success – certainly put it in contention.
Fundamentally, Pepe Unchained is one of the most promising meme coins on the market. Analysts are taking note of this and backing it for success.
Crypto Dose cited other successful meme coin presales and suggested $PEPU could provide 20x gains.
Meanwhile, others are even more optimistic. A commentator on the 99Bitcoins YouTube channel told its 700K subscribers that Pepe Unchained could 100x.
As the crypto market heads into ‘Uptober,’ Pepe Unchained’s unique use case has made it a favorite among industry analysts.
