The meme coin sector is once again seeing the effects of high volatility, as all the gains it saw since the start of the week were lost, and the market is suffering yet another bearish wave.
Are Meme Coins Losing Their Value?
While the bullish and bearish sentiment continues to shift, the bears still appear to be stronger, causing the overall market trend to be bearish. Dogecoin, for example, has seen a significant drop in the past month, going from $0.1671 to $0.1224, which is where it sits at the time of writing.
Shiba Inu, the second-largest meme coin by market cap, has seen an even more severe correction throughout June. It went from $0.00002874 on May 29 to $0.00001711. Even Pepe, the token that often outperforms other meme coins in the short term, has seen its price drop 26% between the end of May and today.
There are some meme coins that trade in the green on a daily and weekly basis, but Mog Coin is one of the top performers. Book Of Meme (BOME) is another example of a meme coin trading in the green, with its price being up 2% daily and 6% weekly. But, on a monthly basis, even this token is down by 36%. Mog Coin, on the other hand, is down by only 6% according to its 30-day chart, as it saw a strong recovery in the last five days, which helped it become one of the best performers.
In other words, while meme coins were the best cryptos to hold for the majority of H1 2024, the bearish sentiment seems to be finally caught up to them.
This is why the safest cryptos to invest in right now are those still in presale, whose prices are immune to the market conditions. One such token, Pepe Unchained (PEPU), intends to revolutionize the sector and bring the golden age of meme coins.
JOIN THE PEPU PRESALE WHILE ITS PRICE IS LOW
All You Need To Know About Pepe Unchained And Its ICO
Pepe Unchained is a new meme coin project which recently launched its ICO. Its token, PEPU, was launched on its own L2 blockchain, becoming the first Pepe-based cryptocurrency to do so.
The project describes itself as a better version of Pepe — one that broke the chains that were binding it, and is on its way to achieve limitless potential.
The chains in question represent the limitations of an L1 blockchain, such as Ethereum’s network, on which Pepe Unchained’s Layer 2 chain is based. Ethereum, with its PoS consensus mechanism and a massive community, offers nearly unmatched security, which is why so many projects continue to launch on its network.
However, it remains slow and still has overly expensive fees. By launching L2, Pepe Unchained has introduced greater scalability and lower fees while still enjoying the L1 chain’s security. This is where its potential lies and that is why its presale has exploded in the past few days.
The ICO is only $240 away from hitting $1 million raised, all while selling PEPU for only $0.0080964. The token will see its next price increase in two and a half days, so anyone seeking to invest in it should do it before this happens.
BUY PEPU BEFORE ITS NEXT PRICE INCREASE
Other than that, PEPU also offers staking, a great potential for payments due to its low fees and fast speeds, and the same humor that the original Pepe became known for. If you wish to invest in its token, you can do it with ETH, USDT, BNB, or credit/debit card. Just remember to do your research first and decide for yourself whether this is the project you wish to support.
