Elon Musk’s recent mention of “DOGE” on Joe Rogan’s podcast spiked Dogecoin’s price, while Pepe Unchained gathers momentum with a $25 million presale and predictions of strong growth.
Elon Musk has once again sent Dogecoin (DOGE) on a rally, this time during his recent appearance on The Joe Rogan Experience.
While discussing his idea for a “Department of Government Efficiency” (DOGE), Musk unintentionally invoked Dogecoin’s ticker, triggering a 9% surge in the meme coin’s price.
His influence on the crypto market is well-known and even this indirect reference to DOGE was enough to spark a buying frenzy among traders.
Musk’s “DOGE” proposal was part of a broader discussion about government spending and potential efficiency improvements, an idea he floated as part of Donald Trump’s presidential campaign.
Although the discussion wasn’t directly about cryptocurrency, Musk’s offhand mention drove traders to buy Dogecoin, proving once again that Musk’s influence over the market remains significant.
However, the broader meme coin market shows mixed trends amid current election-related uncertainty. Although DOGE and Shiba Inu (SHIB) have posted gains, other meme coins like PEPE and BRETT have struggled and PONKE experienced a notable 13% drop.
The ongoing election results have created some hesitation among investors, causing the overall meme coin market cap to drop to $58 billion.
Bitcoin’s recent slip under $69,000 has also put pressure on meme coins, but amid this uncertainty, Pepe Unchained (PEPU) is capturing significant investor interest, with many seeing it as the next big meme coin.
Pepe Unchained Gains Momentum with a $25 Million Presale and Layer-2 Expansion
While Dogecoin’s rally has dominated headlines, Pepe Unchained (PEPU) is making waves with its presale, recently surpassing the $25 million mark. Analysts are increasingly optimistic about PEPU’s potential, especially following recent developments around its ecosystem, including the announcement of “Pepe’s Pump Pad” on Ethereum’s Layer 2.
The Pump Pad is designed to reduce Ethereum’s notorious high fees and transaction congestion, offering a seamless, cost-effective trading experience ideal for high-frequency meme coin transactions.
Pepe Unchained’s Pump Pad is inspired by the success of Pump.fun on Solana, which has drawn substantial daily traffic and generated over $100 million in revenue.
Pump.fun’s biggest tokens, including Goatseus Maximus (GOAT) and Fwog (FWOG), have achieved market caps in the hundreds of millions, underscoring the demand for decentralised meme coin platforms.
With its Layer-2 integration, Pepe Unchained has the potential to leverage Ethereum’s established DeFi and liquidity infrastructure to attract a wider range of traders, from meme coin enthusiasts to high-frequency investors.
Crypto analyst Umar Khan of 99Bitcoins recently reviewed Pepe Unchained and emphasised its promising market position. Khan believes that if the pro-crypto political landscape holds, PEPU’s price could skyrocket upon listing.
He highlighted the coin’s potential to replicate—or even exceed—the success of other Layer-2 platforms, predicting a possible 100x growth for early investors.
Staking and Utility Propel Pepe Unchained’s Value Proposition
One of Pepe Unchained’s standout features is its 94% APY staking platform, which has already seen over 1.6 billion tokens locked up by investors. This staking mechanism offers lucrative yields for holders, rewarding them for engaging with the ecosystem and helping maintain liquidity within the platform.
As a Layer-2 solution on Ethereum, Pepe Unchained also benefits from Ethereum’s extensive DeFi capabilities, creating an ecosystem with strong liquidity and ease of use.
Khan pointed to PEPU’s combination of staking rewards, Layer-2 efficiency, and meme coin appeal as a unique trifecta that could propel the coin’s success. Investors can currently buy PEPU at $0.01229 during the presale and the project plans to launch additional utilities soon, such as a grant program for developers interested in building on its Layer-2 network.
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This program aims to draw innovative projects to the platform, similar to how Ethereum’s own ecosystem fostered growth through developer incentives.
This Layer-2 expansion, paired with the potential benefits of a pro-crypto administration, positions PEPU as a top prospect among new meme coins. As the presale progresses, PEPU’s future utility is attracting increasing attention from both retail and institutional investors.
Elon Musk’s Dogecoin Influence and the Future of Meme Coins
Musk’s recent influence on Dogecoin serves as a reminder of the meme coin sector’s responsiveness to high-profile endorsements. Dogecoin surged 9% following Musk’s indirect reference and if this pattern holds, other meme coins like Pepe Unchained may also benefit from positive market sentiment and influential mentions in the crypto space.
As more traders recognize Musk’s sway over crypto prices, the market is likely to see continued volatility in meme coins, especially those with strong community support.
Dogecoin remains one of the most popular meme coins, but new entrants like PEPU, with its solid ecosystem and staking rewards, are appealing to investors seeking both humour and value.
With the political landscape potentially shifting towards a more crypto-friendly stance, meme coins that offer tangible features and strategic utility may have an edge over others in this bullish environment.
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Final Takeaway: Dogecoin Rises on Musk’s Influence While Pepe Unchained’s Presale Surges
Elon Musk’s latest appearance on The Joe Rogan Experience sparked a familiar rally in Dogecoin, proving that his influence on crypto remains strong.
However, as Dogecoin benefits from the hype, Pepe Unchained is gathering attention as a serious contender in the meme coin space with its $25 million presale milestone and Layer-2 expansion.
For investors, the appeal of meme coins like PEPU lies not only in their humour but also in their potential for value creation. With Pepe Unchained offering substantial staking rewards and community-driven development, it’s set to compete in a fast-evolving market influenced by Musk’s influence and an optimistic political climate.
Those looking for an innovative meme coin with growth potential may find Pepe Unchained to be an exciting opportunity, especially as it taps into the energy of both the meme coin sector and the current crypto-friendly market sentiment.
