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New meme coins with unique features remain immune to the broader market uncertainty.
While large-cap meme coins are testing key S/R levels, a new meme coin Pepe Unchained (PEPU) has raised $17.3 million in presale funding behind heavy whale buys.
Notably, the PEPU presale added the latest $1 million in just 4 days after a sneak peek of the Pepe Unchained L2 Testnet created quite a buzz on social media.
Smart money investors and crypto influencers are also adding to the hype, with some calling it one of the best meme coins to buy now.
Summary
New Meme Coins Soar In Demand
Despite the recent crypto crash, investors are betting that a major bull run is right around the corner.
It is therefore no surprise that there is a strong uptick in the demand for new meme coins. A few of these low-cap gems end up delivering 10x to 100x returns amid bull market euphoria.
Take, for instance, a trader who made an early investment in HIPPO, a SUI-based meme coin. He turned $368 into $7.5k in a span of just 3 days before liquidating his position. Had he continued to hold his HIPPO coins, his position would have been worth ~$30 million at the current price.
HIPPO is just one of the many meme tokens that have turned small-scale investors into millionaires in mere days. Early investors in Moo Deng, First Neiro On Ethereum and POCHITA have earned outsized returns.
Considering PEPU’s strong presale demand, it wouldn’t be a surprise if it offers similar upside potential.
Notably, low-cap meme coins show little correlation to Bitcoin and the broader market sentiment, which is one of their key selling points. In particular, Pepe Unchained continues to defy the short-term bearishness in the crypto market and is seeing robust fundraising figures in its presale.
It is not without any reason that experts are backing it as one of the best meme coins to buy now.
Pepe Unchained – The Best Alternative To PEPE?
Pepe The Frog’s domination in the meme coin sector isn’t a new phenomenon.
Pepe (PEPE) remains the third-largest meme coin, despite trading nearly 50% below its all-time high. There is a growing consensus that it could flip Shiba Inu as the second-largest meme coin before the bull market is over.
It is not without any reason that PEPE is nearing 290,000 token holders, despite the broader market uncertainty.
While other frog meme coins like PeiPei, PepeFork, PepeCoin and Apu Apustaja have also recorded strong growth, experts are backing Pepe Unchained as the best alternative to PEPE.
Unlike the aforementioned coins, PEPU isn’t a copycat project looking to ride PEPE’s coattails.
Instead, it aims to introduce the first Layer-2 ecosystem, designed specifically for meme coin trading.
The ecosystem will include an Ethereum-compatible Layer-2 chain, block explorer, custom DEX and developer grants for new meme projects. Check out the latest sneak peek of PEPU’s L2 ecosystem here.
Unlike most new Ethereum meme coins, PEPE holders will benefit from extremely low trading costs and instant transactions. Moreover, they are also earning passive income through Pepe Unchained’s staking protocol.
As per the PEPU staking dashboard, the current APY is well over 120%.
The low trading costs and high staking rewards make Pepe Unchained an ideal meme coin for retail investors, an area where most new ERC-20 projects struggle.
Read more about PEPU’s unique features in its whitepaper.
Is PEPU The Best Meme Coin To Buy Now?
The crypto market has had a poor start to October following the heightened geopolitical tensions in the Middle East.
However, crypto prices are already making a recovery, especially after the NFP data for September beat market expectations.
There is a strong likelihood that Pepe Unchained will launch in the midst of bull market euphoria, making it one of the best meme coins to buy now. It is not without any reason that prominent investors are bullish on PEPU, with some aiming for up to 100x gains.
A few smart money investors have even labelled Pepe Unchained as “the next big thing in crypto”.
Interested buyers can visit the project’s presale website and buy the meme coin with just a few clicks using the over-the-counter widget. They can also follow the project’s X and Telegram accounts for the latest updates.
*Cryptonomist did not write the article or test the platform.
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