The crypto market is showing strength after a shaky start in October. Popcat is leading the recovery with a 20% uptick today.
But experts are backing Pepe Unchained as the next meme coin that could explode as its presale surpasses $17 million.
Popcat Price Rallies On Bullish U.S NFP Data
It has been a turbulent week for crypto, but Popcat has just made a new all-time high.
Investors are willing to take bets despite uncertainty in the market, illustrating huge demand for Solana’s largest cat-themed token.
The so-called “Uptober” started with a flop this year after rising geopolitical escalations in the Middle East.
It seems that it’s not over yet, with Israel presumed to be preparing a military response to Iran after its missile attack earlier this week.
However, traders have put aside their fears and are focusing on new macroeconomic data from the U.S.
A recent Nonfarm payroll (NFP) report showed better-than-expected employment rates.
A weakening labor market has been the elephant in the room for a while now, so the positive report was more than welcomed by market participants.
Investors have begun deploying capital back into the crypto market, with the industry’s total market cap now at $2.16 trillion, up from its Thursday low of $2.08 trillion.
In the past 24 hours, Bitcoin has increased by 1.55%, Ethereum by 1.78%, and the market cap of the rest of the market has risen by 2.99%.
However, Popcat is head and shoulders above most with a 20% pump.
It’s currently trading at $1.14 with a $1.1 billion market cap and a $153 million 24-hour trading volume.
Analyst Freddie Storm noted that Popcat’s rally has pushed it above the $1 billion market cap milestone.
The analyst also points out that Popcat has the same unit economics (circulating supply) as Dogwifhat, which makes it easy to compare the two.
He notes that after hitting a $1 billion market cap, WIF did a 4x shortly after and says that Popcat “is currently following the exact same playbook.”
Meanwhile, Trader Travis points toward $1.59 – $1.9 as the next target for POPCAT, highlighting that it’s now in price discovery after breaking its previous all-time high.
Popcat has rallied over 7,000% since last December.
Prominent trader RookieXBT recently called it the “best trade” of his career, alluding he invested when it was newly launched.
This underscores the advantage of participating in meme coin at their earliest stages.
With that in mind, those seeking a new meme coin showing significant potential will be pleased to learn about Pepe Unchained.
It’s undergoing a presale and has raised $17 million so far, signaling a huge appetite among investors.
Pepe Unchained to Build First Layer 2 Blockchain For Meme Coins – Next Crypto to Explode?
Picture this: a meme coin that also has its own blockchain. That’s what Pepe Unchained is.
It’s raising funds to build an Ethereum layer 2 network that’s 100x faster and much cheaper than Ethereum.
With the whole thing built around Pepe, there will be a lot of meme coin-related development on there.
The blockchain will include a block explorer, staking, a dedicated Ethereum bridge, and a decentralized exchange.
The team also recently announced a developer grants program, which will pay people to build on the chain. With over $17 million raised, they’ve certainly got the funds for it.
As developers build on the ‘Pepe Chain,’ it will attract more users and, therefore, more value to the $PEPU token.
Pepe Unchained is taking all the right steps to become a leading blockchain and the go-to for new meme coin projects.
Analysts are singing its praises, with ClayBro recently saying it can 100x in price.
However, he underscored that the Pepe Unchained price will rise throughout the presale.
This means those seeking the most upside should act quickly.
The current price is $0.00992, but this will rise in just over one day.
