Pepe Holders Are Quickly Engaging with This Undisclosed ICO – Is It Worth Noting?

As Pepe holders depart in large numbers following a weekend surge, forecasts indicate that PEPE may struggle as the year draws to a close.

Conversely, the layer-2 development, Pepe Unchained, has gained significant traction, establishing PEPU as the leading beta opportunity in the market.

This article explores the reasons behind the expectation that Pepe’s price will lag in Q4 2024 and examines whether a new layer-2 development could provide better returns for meme coin investors.

$PEPE
It seemed too good to be true because, once again, it was another unfavorable situation.
I was on the verge of being stopped out if we dipped below the breakout of the falling wedge, but I was fortunate this time.
Time to recover and make last week’s struggles worthwhile https://t.co/OSZxbuwdWe pic.twitter.com/nb9aDUcCrH

— Posty (@PostyXBT) October 7, 2024

This situation arises amid a significant decline from the weekend’s upward movements, leaving holders immobilized by uncertainty following a deceptive price action.

Why is Pepe Expected to Underperform in Q4 2024?

While Pepe may superficially seem like an excellent hold for the upcoming year, having achieved an impressive +700% YTD, there are substantial concerns looming over the leading frog meme coin.

The essence of the issue is that Pepe might indeed be a casualty of its own success.

Having surged onto the crypto landscape last April, in a vigorous rally that marked the conclusion of a challenging crypto winter, PEPE has solidified its position among the top 30 cryptocurrencies.

However, this comes with a drawback – specifically – in sustaining a notably high market cap, which currently stands at $4,374,740,779.

Hold on – you might think this is a positive aspect, a multi-billion dollar token, ranked #28 among the myriad of coins in the crypto market.

That’s where the misconception lies, and it all revolves around market cap, which can serve as a valuable indicator of future growth potential.

Let’s consider a 2x return for Pepe, a modest expectation – certainly not the massive gains that attract investors to meme coins.

For PEPE to achieve a 2x from its current position, it must increase to a market cap of $8,749,481,558 – that requires an influx of an additional $4.35 billion in capital.

Anticipating a 2x return for PEPE is somewhat akin to expecting the entire foreign reserves of Paraguay to flow into your investment; in other words, it’s a considerable challenge.

In contrast, if you were to compare this to a coin with a $1 million market cap, such a low-cap asset would only need a much more feasible additional influx of $1 million to achieve the same 2x for your portfolio.

Thus, it is evident that Pepe is unlikely to significantly enhance your portfolio with 5x or even 3x returns in 2024.

Are There Better Pepe Alternatives?

Fortunately, it’s not the sole Pepe in the market; in fact, many savvy investors are already positioning themselves in an $18 million market cap coin that could easily achieve a 50x increase in comparison – let’s take a brief look.

Look no further than Pepe Unchained (PEPU), as this highly anticipated presale is nearing $18 million in funding, with smart investors seemingly selecting this project as the next significant meme coin opportunity.

A major factor driving the immense interest in PEPU is that it transcends being merely a meme coin. The team is developing an entirely new Layer-2 (L2) network on Ethereum, creating an ecosystem for meme coins. This network will provide all the safety and security of Ethereum, combined with extremely rapid transactions and low fees.

Pepe Unchained L2 Sneak Peek!
What we’re building is not just a new chain, but an entire ecosystem.
Pepe Unchained L2
Block Explorer
DEX
Bridge
Advanced Analytics
Builder Grants
Pepe Unchained is coming. And it’s going to shake up the crypto space. pic.twitter.com/ZVnvgO6MGF

— Pepe Unchained (@pepe_unchained) September 26, 2024

To ensure that the PEPU network boasts a vibrant ecosystem from the outset, the team has introduced a grant initiative called ‘Frens With Benefits.’

Teams will soon be able to apply for funding to develop on the network, which will be voted on by the PEPU Council.

Developers can utilize the grants to support the creation of DeFi protocols, NFTs, GameFi products, and more on the PEPU chain – ensuring robust growth alongside a new platform for meme coin deployment.

There are less than 24 hours left before the next price stage increase in the Pepe Unchained presale, and the team is also allowing participants to maximize rewards with a built-in staking mechanism for presale investors.

Once you secure your PEPU tokens, you can start staking for an attractive 122% APY in return – something Wall Street cannot match.

So don’t miss out, stay informed – engage with the Pepe Unchained community on X and Telegram.

VISIT PEPU HERE

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