Nigeria, with a 1600% increase in crypto users, is a top market for crypto adoption, driven by copy trading and meme coins like Pepe Unchained.
Nigeria continues to solidify its position as one of the top global markets for cryptocurrency adoption, according to a recent report by Seychelles-based cryptocurrency exchange Bitget. With a 1600% increase in its African user base, Bitget identified Nigeria as a major contributor to this growth. The country now ranks among the top three globally for crypto adoption, driven by the rapid rise of copy trading, which has seen a 300% increase over the past two years.
This surge in cryptocurrency usage is attributed to Nigeria’s economic landscape, where limited banking infrastructure and high inflation have led citizens to seek alternative financial solutions.
Cryptocurrencies, such as Bitcoin and Ethereum, offer a more accessible and reliable means of saving and transacting for many Nigerians. According to the Chainalysis Crypto Adoption Index, Nigeria is now second globally in terms of crypto adoption, reflecting a growing shift towards digital financial systems.
Amid this surge, one cryptocurrency is standing out: Pepe Unchained. A new Initial Coin Offering (ICO) that has captured the attention of Nigerian traders and investors alike, Pepe Unchained is leading the market in terms of inflows, even surpassing some of the more established meme coins.
Pepe Unchained: A New Player in a Growing Meme Coin Market
Pepe Unchained is making waves in the cryptocurrency space by attracting significant interest, particularly in meme coin markets. The token has already raised $14.9 million during its presale, outpacing many established meme coins like Shiba Inu and Dogecoin.
The presale price of $PEPU, currently set at $0.00984, is expected to rise soon, with investors eager to secure tokens before the price increases and the coin officially hits exchanges later this year.
What sets Pepe Unchained apart is its innovative approach to meme coins, combined with promising tokenomics. The project has allocated 40% of its total supply for presale buyers and reserved another 10% for marketing efforts, while 7.5% of the supply is set aside for liquidity on decentralised exchanges (DEXs).
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These factors have led to increased confidence among investors, with some making significant purchases—such as 23 ETH and 10 ETH in a single transaction—demonstrating growing interest from large investors, or “whales,” in the crypto community.
The rising interest in Pepe Unchained comes as the broader meme coin market experiences growth. For example, the price of the original Pepe coin saw a 10% increase recently, pushing it into the top 30 cryptocurrencies by market capitalisation.
The market cap for meme coins has also risen by 7%, reaching over $45 billion in a single day, further indicating that investor sentiment is shifting towards riskier, high-reward assets like meme coins. With this market momentum, Pepe Unchained is positioning itself to take advantage of these favourable conditions.
Innovative Features and Future Potential
Pepe Unchained is not just riding on the coattails of other meme coins; it is bringing something new to the table. The project is developing a Layer-2 network designed specifically for meme coins.
Layer-2 solutions are highly sought after in the crypto world because they offer faster transactions and lower fees compared to traditional Layer-1 networks like Ethereum. Pepe Unchained’s Layer-2 chain is expected to deliver these benefits without compromising security, making it a competitive option for developers and users alike.
To encourage innovation within its ecosystem, the Pepe Unchained team recently announced a series of developer grants called “Pepe Frens with Benefits.” These grants, set to roll out in Q4 2024, aim to attract developers to build dApps, NFT projects and DeFi tools on the Pepe Unchained network.
This move is seen as a strategic step to foster a vibrant and diverse ecosystem around the token, potentially driving more users and use cases to the platform.
Another unique feature of Pepe Unchained is its double staking protocol. Investors can stake their $PEPU tokens and earn an estimated annual return of 140%, which has proven highly attractive to early adopters.
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So far, over 1.1 billion $PEPU tokens have been staked, signalling strong interest in the staking program. This level of engagement is expected to continue as the token approaches its official listing on exchanges.
The exact exchanges where Pepe Unchained will be listed have not been disclosed, but the team has hinted that they are in talks with “Tier-1” platforms, which could include major names like Binance or OKX.
A listing on one of these major exchanges could further drive demand for $PEPU and result in a price surge, though there is no guarantee of such an outcome. However, the combination of Layer-2 technology, staking rewards and strategic exchange listings suggests that Pepe Unchained has the potential to become a significant player in the meme coin market.
Nigeria’s Growing Influence in the Crypto Space
Nigeria’s role in the growing popularity of cryptocurrencies like Pepe Unchained cannot be overlooked. The country’s crypto-friendly population, driven by economic challenges and the need for alternative financial systems, has made it a hub for blockchain technology and digital currencies. With limited access to traditional banking services, many Nigerians have turned to cryptocurrencies for their daily transactions and savings, providing a fertile ground for new digital assets to thrive.
As Nigeria solidifies its place as one of the top three markets for cryptocurrency adoption globally, the rise of Pepe Unchained represents the latest chapter in the country’s digital financial revolution.
The token’s early success, coupled with Nigeria’s growing crypto user base, highlights the potential for significant growth in the region’s cryptocurrency market.
With innovative features such as Layer-2 technology and double staking, Pepe Unchained is positioning itself to lead the next wave of meme coins, attracting both local and global investors as it prepares for its official launch.
