The Pepe price has suffered a strong decline in the last seven days, going down by around 16%, while on a monthly chart, it is 19% lower than in late September.
Pepe Suffers A Sharp Weekly Decline
The token’s monthly chart shows that its price is currently sticking close to its strongest support at $0.0000090, as the one at $$0.000010 broke about a week ago.
Pepe’s price also decoupled from Bitcoin in the last week or so, typically losing value while the older and larger crypto saw regular price fluctuations. Many among the traders assume that Pepe’s price weakness reflects more cautious sentiment from the traders, especially since PEPE was typically one of the top performers among the largest meme coins by market cap.
Now, however, it has suffered the greatest weekly loss among the top 10 largest meme coins, rivaled only by Notcoin, which is down 15%, and Floki, which is down 14% at the time of writing.
However, some investors believe that Pepe’s weakness is a sign that another crypto might take its place, and as it happens, a new Pepe alternative has been trending throughout the last few months, attracting unexpectedly large amounts of money.
BUY PEPU WHILE ITS PRICE IS LOW
Is Pepe About To Lose Its Position To A Newcomer?
The new meme coin perceived as Pepe’s challenger is actually a Pepe alternative, known as Pepe Unchained (PEPU).
This is a new meme coin currently still in presale, which attracted a lot of attention thanks to the fact that it is the first, and currently the only Pepe-based meme coin to have its own blockchain. Pepe Unchained developed a Layer-2 chain to improve its technical capabilities, which is something that many PEPE users complained about for years.
Running on Ethereum’s network, the original Pepe is bound by its limitations, suffering from high transaction fees and slow transfers. Pepe Unchained sought to correct this by launching its own L2 chain that allowed it to become fast, with near-instant payments that come with minuscule transfer fees.
JOIN THE PEPU ICO BEFORE THE PRESALE ENDS
In fact, PEPU is developing an entire ecosystem of its own, featuring a native block explorer, its own DEX, as well as the PEPU Foundation, which will be distributing developer grants and encouraging users to come to its network. Already, the project is showing its popularity by being the biggest ICO of the year, raising over $22.94 million over the last few months. The project is just about to hit $23 million raised, and it will be interesting to see how far it can get before its ICO ends.
For now, however, the presale is ongoing, while PEPU sells for only $0.01179, and anyone interested can buy it with ETH, USDT, BNB, or credit/debit cards.
