Traders don’t know if they’re coming or going amid volatile market conditions, but the Pepe Unchained ($PEPU) is continuing to show bullish momentum.
The short-term outlook for financial markets is convoluted. Uncertainty about the upcoming U.S. elections, anticipation for interest rate cuts, and concerns about a potential economic slowdown are all colliding.
Yet, Pepe Unchained continues to push ahead in its presale, unbothered by the outside noise. It was just celebrating raising $12.5 million yesterday and has made no work in hitting $12.7 million 24 hours later.
At this point, it seems that the revered $15 million total raised mark is a matter of when not if.
Why is Pepe Unchained soaring? It’s because of its use case. Unlike other meme coins, $PEPU is backed by robust fundamentals built on utility.
Pepe Unchained: The Meme Coin With A Layer 2 Blockchain
While harnessing the magnetic allure of Pepe coin, Pepe Unchained is creating a scalable Ethereum layer 2 blockchain.
It will be 100x faster than Ethereum and much cheaper. However, it will also be connected to the main chain via a dedicated bridge, making moving funds on and off “Pepe Chain” effortless.
Other centrepiece features include a staking mechanism and a block explorer.
The project’s code has already been audited by Solid Proof, who found it to be safe and secure.
All of this distinguishes Pepe Unchained from anything else on the market. Most meme coins place “vibes” in the highest order – but Pepe Unchained values tech and innovation – which is the bedrock of the crypto philosophy.
Pepe Unchained will be a launchpad that other meme coin projects can build on. Developers could create their own meme coin or related application, such as a meme coin trading app or NFT collection. The utility of the $PEPU token will underpin this.
This is why traders are bullish and rushing to buy the presale.
Analyst ClayBro speculates it is “set to soar up to 100x.”
He also highlights that the blockchain will be “dedicated to retail investors who want to make serious gains during the bull market.”
Markets on thin ice after U.S. elections debate, but $PEPU makes gains
Donald Trump and Kamala Harris are neck-and-neck after Tuesday night’s debate, according to Polymarket data.
Harris swayed viewers in her favor, with Polymarket showing a 4% increase in her chances of winning following the heated battle of words.
The U.S. elections are currently a key focus point in financial markets, with both front-running candidates holding polarizing views on things like tax policy and international trade tariffs.
Crypto prices have taken a minor hit since the debate, with the total market cap down 1.13% today.
However, analysts are looking ahead to CPI figures – which will be on Wednesday morning – hoping that inflation comes in lower than expected.
This could influence the outcome of the upcoming FOMC meeting, which will decide whether and how much interest rates will be cut. Currently, the market expects a 25 basis point cut.
However, concerns of an economic slowdown stemming from last week’s worse-than-expected labor market data has instilled fear that the rate cuts may be too little, too late.
In the near term, the market is full of uncertainties. This manifests in light-handed moves, with traders awaiting more data before making rash decisions.
But amidst this uncertainty, Pepe Unchained continues to gain ground in its presale, where it has raised over $200K in the past day.
Pepe Unchained Will See The First Bullish Wave In “Uptober”
Pepe Unchained’s $12.7 million total raise makes it one of the hottest crypto presales on the market.
It’s a staggering sum of money to raise for a project without a polished product, and this has happened while the crypto market has been trending downward.
Bitcoin is down 23% from its high, while many altcoins are down 60% or more.
So what happens to Pepe Unchained in a bull market? Traders would be dialling up their risk appetite and more eager to invest – capital inflows could balloon.
We might soon see this manifest with the widely-anticipated Q4 kicking off in October, which is coined “Uptober” due to its historically profitable nature.
Despite the outside noise, traders continue to pour into the Pepe Unchained presale. The knowledge that it will launch on exchanges in Q4 could be fueling this unshakable interest.
Follow Pepe Unchained on X or join its Telegram for updates. Alternatively, visit its website to buy and stake tokens.
Visit Pepe Unchained Presale
Source: https://coinpedia.org/press-release/pepe-unchained-presale-continues-to-show-bullish-momentum/