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Meme coin market rallies, with Shiba Inu, Dogecoin, and Pepe leading the surge, while new ICO Pepe Unchained gains traction with a successful presale.
The meme coin market has experienced a notable uptick, with The Block’s GMCI Meme Index showing nearly a 10% increase in the past 24 hours. This surge has been driven by significant gains in both dog-based and frog-based meme coins, with Shiba Inu (SHIB) and Dogecoin (DOGE) leading the former category, while Pepe (PEPE) and its new iteration, Pepe Unchained (PEPU), spearhead the latter.
Surge in Memecoins: SHIB, DOGE, and PEPE
Shiba Inu saw the highest increase, rising by 5.36% to $0.000019 and now comprising more than a quarter of The Block’s GMCI meme index weight. Dogecoin followed with a 3.88% rise to $0.13, holding a 23.3% weight in the index.
Pepe surged by 19.55% to $0.000012, making up 16.4% of the index. These movements highlight the growing interest in both traditional and new-generation meme coins.
Political meme coins also fluctuated amid significant political developments. CoinGecko reported that Jeo Boden, named for US President Joe Biden, increased by 4.1% to $0.035, while the MAGA token dropped by 4.35% to $7.87.
The MAGA VP token, associated with former President Donald Trump’s vice-presidential pick of Senator JD Vance, fell by about 56% to $0.1192.
Impact of Political Events on the Crypto Market
Recent political events have influenced the broader crypto market. Following an assassination attempt on Donald Trump, crypto prices began to rise, continuing their upward trend after Trump announced Vance as his running mate. This announcement contributed to a 2.37% increase in global crypto market capitalization over the past 24 hours, reaching $2.37 trillion.
Pepe Unchained: A Rising Star
Amid this bullish trend, Pepe Unchained ($PEPU) has made significant strides in its presale, raising over $4 million. This new iteration of Pepe, operating on its own Layer 2 chain on Ethereum, has gained traction in the meme coin sector.
Currently priced at $0.0084937, $PEPU is set to increase in its next presale stage. Similar to Bitcoin’s early days, this price is likely to rise significantly once listed on major decentralized or centralized exchanges.
The Layer 2 infrastructure of Pepe Unchained enables higher trading volumes at lower costs, paralleling the benefits seen with Coinbase’s Base Chain.
Advantages of Pepe Unchained
Pepe Unchained’s success is attributed to its enhanced features compared to its predecessor. The Layer 2 infrastructure allows for higher trading volumes at lower costs, making transactions faster and more efficient. This positions Pepe Unchained as more than just another meme coin; it has the potential to develop an entire ecosystem and launch other tokens.
In contrast, the original Pepe lacks these capabilities. Despite this, Pepe has seen substantial price gains, appreciating 43,571% from its all-time low last year. Users speculate that Pepe Unchained could achieve similar, if not greater, returns given its current discounted presale prices.
Since July 12, Pepe Unchained has attracted over $1 million. On Tuesday alone, it raised over $250,000, keeping pace with top-performing meme coins like DogWifHat (WIF), Floki (FLOKI), and Brett (BRETT), which saw gains of 21.38%, 12.92%, and 10.78%, respectively.
Optimism and Security Measures
Holders are optimistic about Pepe Unchained’s potential, driven by its advanced infrastructure and market positioning. Popular crypto YouTuber Jacob Crypto Bury has predicted significant growth for meme coins this year, particularly those in presale stages like Pepe Unchained. Bury’s endorsement highlights the potential for substantial returns in the meme coin sector.
The recent surge in the meme coin market follows a tumultuous political backdrop. After the assassination attempt on Trump, the market rebounded, particularly benefiting the meme coin sector. Trump’s appearance at a Republican convention with a bandaged ear and the subsequent announcement of his running mate has spurred a rally in crypto prices, with meme coins experiencing notable gains.
In addition to its market performance, Pepe Unchained has garnered attention for its security measures. Its smart contract has undergone rigorous audits by Coinsult and SolidProof, providing confidence in the token’s security and stability.
GET $PEPU EARLY BEFORE IT BECOMES NEXT 100X CRYPTO
The meme coin market’s recent surge reflects a broader bullish sentiment in the cryptocurrency sector. With political developments influencing market trends, tokens like Shiba Inu, Dogecoin, and Pepe continue to draw interest. At the same time, new meme coins like Pepe Unchained are capitalizing on this momentum, promising further growth and innovation in the space.
As the presale of Pepe Unchained progresses, potential holders are encouraged to consider the token’s long-term prospects. The Layer 2 infrastructure and interest suggest that Pepe Unchained could become a significant player in the meme coin market. Adherents are advised to keep an eye on the developments surrounding Pepe Unchained and other leading meme coins as the market evolves.
Pepe Unchained presale could offer substantial returns for those looking to capitalize on this upward trend. With its advanced Layer 2 infrastructure and growing interest, Pepe Unchained is well-positioned for future success.
Don’t miss out on this opportunity in $PEPU at its current discounted price. Visit the Pepe Unchained website to participate in the presale.
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involve substantial risk as the volatility of the crypto market can lead to significant losses.
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