Pepe (PEPE), the third-largest meme coin by market cap, recently saw a 9% price drop in the new wave of corrections that struck the crypto sector. While the entire market has seen a drop in prices, Pepe is still 4% higher than it was a week ago. However, if the bearish wave continues, the drop will soon negate the token’s weekly progress.
PEPE price dips after the weekend surge
The crypto sector has been seeing major fluctuations for months now, as the prices went up and down throughout the summer. More recently, the crypto sector saw one of its stronger bull runs on August 23, when most coins and tokens saw a sharp surge.
Pepe was among them as well, heading up from $0.0000079 to $0.0000097, coming extremely close to hitting $0.00001. Unfortunately, the token did not manage to reach this resistance. Instead, its price saw a drop to a support at $0.0000090, which held over the weekend and early Monday, August 26.
Later during the day, however, the support broke, and now, the token is in free fall with its price currently at $0.0000083. Pepe still has a few more supports that could hold it up, such as the one at $0.0000080, which previously acted as a resistance. But, if this level breaks too, the meme coin will be right back to where it started before the Friday surge.
Meanwhile, investors who are hesitant to take on the risk that comes with buying Pepe could consider the meme coin’s newest alternative, Pepe Unchained (PEPU).
JOIN THE PEPU PRESALE AS THE BEST ALTERNATIVE TO PEPE
What is PEPU about?
The original Pepe is the third-largest meme coin and one of the most popular meme coins across the crypto industry. However, it still experiences issues on the technical side, as it is bound to Ethereum’s network.
As such, it suffers from all the same limitations as ETH, such as low scalability, slow transactions, and high fees. Pepe Unchained emerged as a way to provide an upgraded version of Pepe by becoming the first Pepe-based meme coin with its own blockchain.
Its chain is a Layer-2 blockchain that was developed on Ethereum, but it runs independently, and as such, it was able to provide an “unchained” version of Pepe, one that can offer near-instant transfers, low fees, and high scalability. The project’s benefits immediately attracted the market participants to its presale, which has been blowing up for weeks now.
BUY PEPU WHILE ITS PRICE IS STILL LOW
So far, the PEPU ICO raised over $10.82 million and is rapidly approaching the $11m mark. Its token is available for $0.0093477, and you can buy $PEPU with ETH, USDT, BNB, or credit/debit cards. Given the massive demand for the token, many believe that PEPU will blow up once it finally launches, and possibly even challenge the original for the position of one of the largest meme coins in the world.
