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As Bitcoin hits new highs and Trump’s win fuels crypto, Pepe coin soars—yet new rival Pepe Unchained raises $25m, hinting at even bigger gains.
The crypto market is thriving as Bitcoin tops its all-time high (ATH) by hitting $75k and Donald Trump secures a landslide victory in the presidential election.
Pepe coin has emerged as one of the biggest winners with a 15.9% rise in the past 24 hours as meme coin prices surge.
Will Pepe maintain this momentum throughout November, or could new rival meme coin be a better investment at its presale raises $25 million?
Pepe primed for gains after bouncing at key support
With Bitcoin trading in price discovery, the pathway for altcoins to explode is clear.
Pepe, which is the top meme coin on Ethereum, could see significant capital inflows as a result.
This is evident in today’s price action. While the crypto market has experienced a net 10.37% gain, Pepe has soared by 15.9%.
Given its status as a blue-chip meme coin on Ethereum, we can expect Pepe to act as a beta proxy for the overall market performance.
Should the market keep rising, Pepe could be in for an exciting ride.
Trump has now won the US election, and that has had a big effect on the market.
Liquidity, which was previously sidelined, will now likely begin to enter the industry, understanding that there will be less regulatory scrutiny and more growth opportunity for crypto, given Trump’s well-known pro-crypto stance.
And we should also note that 7 November is a key date.
That’s when the Federal Reserve is expected to cut interest rates again. The last time they did this in September, Bitcoin soared by approximately $15k.
CME Group’s FedWatch Tool suggests a 95.5% chance that rates will be cut by 25 basis points tomorrow.
The crypto market has multiple bullish catalysts, laying the way for Pepe to grow.
But how far can it go?
Trader Mizuhara is looking toward an approximate 50% rally to $0.000014.
The analyst notes Pepe has bounced at a strong support level and suspects this will catapult it beyond its monthly high.
Meanwhile, analyst Doc accurately predicted that Bitcoin would enter price discovery and thinks this will provide a tailwind to Pepe.
Doc agrees with Mizurhas target, eyeing the $0.000013 mark.
However, Doc suggests that Pepe will retrace after this as Bitcoin creates new structural levels inside its price discovery. But following on, the analyst believes that a more explosive move is on the horizon.
Considering the bullish market outlook and Pepe’s strength today, it would be reasonable to predict that Pepe could hit this $0.00013 target within the next week.
However, traders mustn’t expect up-only throughout the following months – there will be volatility, as always in crypto.
But while Pepe looks strong, analysts are tipping a new Pepe-themed token called Pepe Unchained for even more gains in the months ahead.
Could Pepe Unchained be the lead in this meme coin supercycle?
Pepe Unchained is a new project that wants to be Ethereum’s go-to for meme coins. Currently holding a presale of its native token PEPU, the project has raised an incredible $25 million.
The team are creating an Ethereum layer 2 blockchain with 100x faster speeds and much lower fees. Users can access it with their Ethereum wallets, and it’s all about meme coins and meme coin-related apps.
The “Pepe Chain” will include features such as staking, a block explorer, an Ethereum bridge, a decentralized exchange, advanced analytics, and more.
They also recently unveiled a portal on their website, where users can access all of these features in seconds.
Pepe Chain aims to make using Ethereum easier and more seamless, which will appeal to the millions of beginner users who like to invest in meme coins.
They’re also placing a big focus on ecosystem growth. They recently announced developer grants, which will pay builders to launch tokens and apps on the Pepe Chain.
Pepe Unchained is more than a meme coin. It’s an entire ecosystem.
As such, experts are saying it has huge potential. Umar Khan from 99Bitcoins even said it could 100x.
The huge amount raised and unique utility indicate that Pepe Unchained could be a solid bet, especially if a proposed meme coin supercycle takes place, which looks more likely now given Trump’s victory.
To learn more about PEPE, visit the Pepe Unchained presale.
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