Retail investors are piling back into meme coins â sending prices soaring.
From DOGE to BRETT, the sector is seeing an explosive rally to end October on a high.
Meanwhile, the new meme coin Pepe Unchained (PEPU) is making its own headlines, passing $23 million in ICO funding as traders rush to get involved early.
Meme coins are back, with the market turning green as their combined market cap jumped 9% to $62.4 billion.
Trading activity only adds to the story, as spot volumes are up 67% to $9.6 billion in the past day.
Clearly, retail traders are flocking to gain exposure.
DOGE is leading the way with a 13% rally, while POPCAT isnât far behind, up 12%.
Nearly every major meme coin is in the green, with only GOAT and BABYDOGE seeing slight dips in an otherwise upbeat market.
This surge isnât out of the blue.
Earlier this month, CryptoQuant CEO Ki Young Ju forecasted a spike in Google searches for meme coins in October â and he was right.
With retail interest building and prices rising, the meme coin season that traders have been waiting for might finally be underway.
The meme coin sector seems to be benefiting from Bitcoinâs bullishness.
With Bitcoin now above $71,000 and analysts tossing around six-figure price predictions, the appetite for risk in crypto is heating up.
This follows a familiar pattern: when Bitcoin rallies, retail investors often get more adventurous with their portfolios.
Fresh money flows into the market, with investors hunting for the next breakout star.
Meme coins, with their potential for huge gains, naturally catch the eye of these investors.
With veteran traders like Peter Brandt setting BTC targets as high as $235,000 and others aiming for $150,000 by late 2025, the buzz around the crypto market might just be getting started.
This could lead to what traders call a âmeme coin supercycle.â
A supercycle is an extended period during which prices consistently trend upwards, often fueled by FOMO, new capital, and bullish market sentiment.
Such an environment usually sees certain coins explode in a short period.
So, with DOGE and POPCAT already rallying, the sector could soon attract even more interest.
The bullish conditions have given Pepe Unchainedâs ICO a major lift.
It has now raised over $23 million in early funding as traders rush to snag PEPU tokens at a fixed price.
Much of the hype around Pepe Unchained is due to its unique setup: it offers a Layer-2 network just for meme coins.
If youâve ever swapped tokens on Ethereum, youâll know that gas fees can often eat into trading profits.
Pepe Unchainedâs team aims to fix that by creating a âfast laneâ for meme coins.
They promise a network that can process transactions 100 times faster than Ethereumâs mainnet while slashing fees to a fraction of their usual cost.
But speed isnât Pepe Unchainedâs only draw.
The team is building an entire ecosystem, including a âdouble stakingâ app and a developer grants program to attract new projects.
Pepe Unchainedâs staking app is particularly appealing since it offers 100% APYs.
This mix of meme appeal and utility is helping the project go viral.
YouTuber ClayBro, who has over 130,000 subscribers, released a video over the weekend where he claimed PEPU could âlead the $1 trillion meme coin supercycle.â
Of course, thatâs just one personâs opinion.
But given that Pepe Unchainedâs Twitter page now has over 41,000 followers, this project might have just the right mix of hype and substance to explode once launched.
Visit Pepe Unchained Presale
Disclaimer: The above article is sponsored content; itâs written by a third party. CryptoPotato doesnât endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.
Readers are also advised to read CryptoPotatoâs full disclaimer.
The post Meme Coin Prices Explode as Pepe Unchained ICO Passes $23M Milestone appeared first on CryptoPotato.
From DOGE to BRETT, the sector is seeing an explosive rally to end October on a high.
Meanwhile, the new meme coin Pepe Unchained (PEPU) is making its own headlines, passing $23 million in ICO funding as traders rush to get involved early.
Meme Coins Surge as Market Cap Hits $62.4B
Meme coins are back, with the market turning green as their combined market cap jumped 9% to $62.4 billion.
Trading activity only adds to the story, as spot volumes are up 67% to $9.6 billion in the past day.
Clearly, retail traders are flocking to gain exposure.
DOGE is leading the way with a 13% rally, while POPCAT isnât far behind, up 12%.
Nearly every major meme coin is in the green, with only GOAT and BABYDOGE seeing slight dips in an otherwise upbeat market.
This surge isnât out of the blue.
Earlier this month, CryptoQuant CEO Ki Young Ju forecasted a spike in Google searches for meme coins in October â and he was right.
With retail interest building and prices rising, the meme coin season that traders have been waiting for might finally be underway.
Bitcoins Rally Sparks Meme Coin Uptrend as Traders Seek Big Gains
The meme coin sector seems to be benefiting from Bitcoinâs bullishness.
With Bitcoin now above $71,000 and analysts tossing around six-figure price predictions, the appetite for risk in crypto is heating up.
This follows a familiar pattern: when Bitcoin rallies, retail investors often get more adventurous with their portfolios.
Fresh money flows into the market, with investors hunting for the next breakout star.
Meme coins, with their potential for huge gains, naturally catch the eye of these investors.
A swing target can also be determined by projecting the Nov 2022 low to Mar 2024 high upwards from Aug 2024 low as shown also on log scale
For now I think this is a stretch
My rule is one target at a time
2/3
pic.twitter.com/MrMbYzU91t
â Peter Brandt (@PeterLBrandt) October 29, 2024
With veteran traders like Peter Brandt setting BTC targets as high as $235,000 and others aiming for $150,000 by late 2025, the buzz around the crypto market might just be getting started.
This could lead to what traders call a âmeme coin supercycle.â
A supercycle is an extended period during which prices consistently trend upwards, often fueled by FOMO, new capital, and bullish market sentiment.
Such an environment usually sees certain coins explode in a short period.
So, with DOGE and POPCAT already rallying, the sector could soon attract even more interest.
Pepe Unchained Raises $23M & Promises High-Speed Blockchain Just for Meme Coins
The bullish conditions have given Pepe Unchainedâs ICO a major lift.
It has now raised over $23 million in early funding as traders rush to snag PEPU tokens at a fixed price.
Much of the hype around Pepe Unchained is due to its unique setup: it offers a Layer-2 network just for meme coins.
If youâve ever swapped tokens on Ethereum, youâll know that gas fees can often eat into trading profits.
Pepe Unchainedâs team aims to fix that by creating a âfast laneâ for meme coins.
They promise a network that can process transactions 100 times faster than Ethereumâs mainnet while slashing fees to a fraction of their usual cost.
But speed isnât Pepe Unchainedâs only draw.
The team is building an entire ecosystem, including a âdouble stakingâ app and a developer grants program to attract new projects.
Pepe Unchainedâs staking app is particularly appealing since it offers 100% APYs.
This mix of meme appeal and utility is helping the project go viral.
YouTuber ClayBro, who has over 130,000 subscribers, released a video over the weekend where he claimed PEPU could âlead the $1 trillion meme coin supercycle.â
Of course, thatâs just one personâs opinion.
But given that Pepe Unchainedâs Twitter page now has over 41,000 followers, this project might have just the right mix of hype and substance to explode once launched.
Visit Pepe Unchained Presale
Disclaimer: The above article is sponsored content; itâs written by a third party. CryptoPotato doesnât endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.
Readers are also advised to read CryptoPotatoâs full disclaimer.
The post Meme Coin Prices Explode as Pepe Unchained ICO Passes $23M Milestone appeared first on CryptoPotato.
![[DK]](/data/avatars/s/57/57999.jpg?1720990206){kind=avatar}
