MEW Nears Price Breakthrough, Surpassing PopCat This Week, Pepe Unchained Pays Almost $20 Million For Meme Coin L2
The cat coin meta is booming, and a cat in a dog world has made huge gains this week, bringing in 28%.
But investors want to know if the purchase is worth it or if something else could be more profitable. A lot of liquid has been diverted to Pepe Unchained today, which has reached $20 million in pre-sales.
MEW presented price discovery, this week it outperformed Popcat
Excitement is reaching a fever pitch in the dog world as a cat climbs to an all-time high (ATH) in March 2024.
Solana's big cat-themed meme coin, Popcat, has dominated the market in recent months, but this week's apparent divergence at the MEW and Popcat shows may mark a turning point.
Famous meme coin influencer Ansem is one of those supporting MEW.
It mentions that it has a strong community with a large presence at real-life events and conferences. Moreover, Ansem claims that it has the deepest liquidity on the chain and is the leading meme coin traded on the South Korean exchange AppBit.
South Korea's crypto market is huge, with the Appbit currency trading $2.2 billion in 24 hours.
As such, it's amazing that MEW is a popular meme coin despite having a market cap of less than $1 billion.
Ansem also said MEW is “going into price discovery this week.”
This could trigger a price rally to $0.04, analyst Coin Signals. This is more than 5x profit from current price.
On a short-term scale, meme coin trader Arthur looks at $0.013, predicting that an upward trend is inevitable.
MEW is closing the gap on leading cat-themed toy PopCat, which shows it's growing. This happening so close to MEW's ATH sets the stage for a further breakout and potential rally.
If it does rise, Arthur's $0.013 target could be hit in the opening weeks, and traders should look at the $0.04 mark as a long-term target.
That means MEW can offer up to 5x profits. However, market participants looking for higher returns have moved to Pepe Unchained, a meme coin with its own Layer 2.
Pepe Unchained Pays Almost $20 Million For Meme Coin L2 – Next 10X Presale?
Pepe Unchained is a new project that offers investors a unique opportunity. While it's inherently tied to the viral Pepe Coin in its name and memetics, Pepe Unchained has the potential to be the first meme coin with its own blockchain.
They are building the “Pepe Chain” Ethereum layer 2 network dedicated to meme coins.
It will have all the features you would expect from a top blockchain, such as staking, a block explorer, a dedicated Ethereum bridge, and a decentralized exchange.
Moreover, the chain will have a technical advantage over Ethereum with 100x higher speed and much lower fees.
Looking ahead, the team plans to launch a developer grant program that will pay developers to launch apps and meme coins on the platform. And it was also recently revealed that it is in talks with Tier-1 exchanges.
All this makes Pepe Unchained one of the most promising new meme coins on the market. In addition to raising $19.8 million from investors, the project has attracted the attention of analysts.
Claybrough said, “It's one of the best pre-sales I've ever seen” and “a whole ecosystem is building.
With a use case that combines meme coins with creative utility, Pepe Unchained is setting the pace for other comic tokens.
However, the pre-sale price will increase throughout the ICO, so prospective investors should act quickly.
Visit the Pepe Unchained Presale
