November seemed to start on the wrong foot for the 2024 cryptocurrency market, as Bitcoin broke away from the support level of $72,000, subsequently dropping back to $69,000. Fortunately, the decline didn’t continue, and Bitcoin began a spectacular recovery. BTC reached a new all-time high of over $75,300, over $2,000 above its previous peak from March this year.
At the time of writing, Bitcoin’s price is $74,905, reflecting a 0.52% increase over the past 24 hours. Altcoins, influenced by BTC’s price movement, are also experiencing an upward trend. For instance, Ethereum has appreciated by 8.32% in the last 24 hours, Solana by 0.43%, and Pepe has seen a rise of 7.65%.
The 2024 cryptocurrency sector is gearing up for a major rally this month, with Donald Trump’s victory as the primary catalyst for this movement. Over the past 24 hours, the total trading volume has surged to $174.84 billion, marking a 5.51% increase. Projects like Pepe Unchained benefit the most from the market’s optimism, as evidenced by its successful presale. Major 2024 cryptocurrency exchanges are also showing interest in the new coin.
Pepe Unchained reaches a record of $25 million raised in presale
The meme coin market is booming, and Pepe Unchained demonstrates tremendous potential to go beyond the humorous nature typical of these coins. So far, the project has raised over $25 million in its presale, with the $PEPU token priced at $0.01229.
Pepe Unchained has quickly gained traction in the 2024 cryptocurrency presale market. Its community grows daily on the project’s Telegram and X (formerly Twitter) platforms, contributing to the rapid accumulation of millions of dollars. Significant investments are pouring in, reflecting strong support from major investors and crypto whales. For instance, a crypto whale recently invested 19 ETH, equivalent to $51,000, and another whale invested 11 ETH (around $29,000) just four days ago.
Pepe Unchained is a low-cap meme coin inspired by the beloved frog meme cherished by the crypto community, offering real utility. This combination clearly explains why it’s capturing investor attention.
Moreover, the project’s smart contract has successfully passed audits conducted by Coinsult and SolidProof. These organizations identified no critical issues, ensuring operational transparency for investor peace of mind.
Pepe Unchained’s Layer 2 Ecosystem
Pepe Unchained is at the center of the 2024 cryptocurrency market chatter. But what’s the reason? First and foremost, Pepe Unchained stands out from other meme cryptocurrencies, especially those inspired by the Pepe meme frog, by creating its own Layer 2 blockchain.
As meme coins continue to gain popularity in the 2024 cryptocurrency market, Pepe Unchained addresses a major issue faced by these coins on Ethereum. The developers are working on creating a dedicated blockchain, the “Pepe Chain,” designed to solve scalability problems.
According to the project’s whitepaper, Pepe Unchained aims to offer transaction speeds 100 times faster than Ethereum. This will provide meme coin holders on Ethereum with a smooth experience, low fees, and no delays. Furthermore, the new ecosystem will include additional benefits and features such as its own decentralized exchange (DEX), a cross-chain bridge, a block explorer, and a staking protocol.
The team behind the project, however, is not stopping there. Recently, they announced the launch of the “Pepe Frens with Benefits” grant program. The initiative aims to attract top developers to its Layer 2 ecosystem by funding new projects and decentralized applications that will later be launched on the blockchain.
Developers can participate by filling out the form published on the official project website. The winners are selected by the Pepe Council, which regularly reviews the applications. This approach demonstrates the project’s team’s commitment to becoming the leading platform for meme coins, sparking curiosity about its future potential.
These elements have helped Pepe Unchained avoid the recent downturn in the 2024 cryptocurrency sector, which has particularly impacted meme coins. As the presale approaches a key stage, investors seem confident in the prospects of this Layer-2 project. Their confidence is further strengthened by the fact that the developers recently shared a sneak peek on X, showcasing the look and functionality of the new ecosystem.
Investors can participate in the presale by purchasing $PEPU tokens for $0.01229 each. So far, over 1.6 billion tokens have been staked, reflecting investors’ confidence in the long-term appreciation of the coin.
