As Pepe surges 57% this week, it’s now just 16% away from its highest-ever price.
Traders are weighing whether this is a good time to buy Pepe or if a lower-market-cap alternative, such as Pepe Unchained, may be a better deal.
ETH Breakout Positions Pepe For Growth
Pepe’s gains are not finished – rather, they’re just getting started.
Alongside Shiba Inu, Pepe is a front-running meme coin on the Ethereum blockchain.
However, thanks to its recency and lower market cap, it often mimics Ethereum’s price, except with more volatile swings in each direction.
That’s primarily why Pepe has underperformed since June, shortly before Ethereum’s ETFs launched and its price fell flat.
However, the recent market surge, spearheaded by Bitcoin, has enabled ETH to start rising again.
ETH has just exceeded $3,300 and is now surging towards its $4K yearly high.
With ETH finally gathering momentum, Pepe has a strong tailwind for growth.
Pepe Price Chart Shows Strength
Analyst Mister Spread noted this last week as ETH began to break out.
“So ETH rallies, it’s only natural we look into PEPE,” he wrote.
The analyst proposed two lower time frame targets, which have both been hit on this week’s rally.
Max Schwarzman notes that Pepe is showing “very similar signs to what it did in Q1 of this year. Multi-month consolidation & bleed with a final bear trap… then Valhalla.”
As to how far it could run, prominent trader Crash points to the $0.0001 mark.
Based on its current price of $0.000014, this would give approximately a 7x gain, placing its market cap at just over $35 billion.
At press time, DOGE is worth $58 billion, so we cannot rule out gains of this magnitude for Pepe.
But in alignment with Pepe’s bullish outlook, traders are betting on its new alternative, Pepe Unchained, for even bigger gains.
Pepe Unchained Presale Raises $27M, Trader Predicts 100X Gains
While 7x gains can provide substantial profits, new meme coins regularly deliver far more.
For instance, new token ACT soared over 20x this week alone. But looking ahead, Pepe Unchained is expected to be the next big runner.
In a recent video, analyst Jacob Bury even said it could 100x in price.
It’s more than a meme coin. Pepe Unchained is an Ethereum layer 2 blockchain for meme coins and meme coin-related applications.
And they’re not taking this lightly. The team recently launched a developer grants program that will pay builders to launch apps on the blockchain.
Moreover, they also unveiled Pepe Pump Pad, a meme coin generator that lets ordinary users launch a meme coin in two clicks and for minimal cost.
Imagine Pepe with market-leading utility. That’s what Pepe Unchained is offering.
They’ve raised $27 million in the presale so far.
Looking ahead, Jacob Bury’s 100x $PEPU prediction is certainly not unreasonable, considering multi-billion dollar meme coins like Pepe are expected to multiply in price.
Currently, investors can participate in the $PEPU presale at a price of $0.01259.
However, this price will rise throughout the ICO, with the next increase in just over one day. Those seeking the maximum value for money should not wait around.
