Bitcoin’s record-breaking surge is igniting a rally in meme coins, with Dogecoin and Pepe Unchained seeing substantial gains as investors flock to new opportunities.
Key Points:
– Bitcoin surpasses $75,000 as Trump wins the US presidential election, sparking excitement in the crypto market
– Dogecoin and other meme coins like Shiba Inu experience strong gains as Bitcoin’s rally bolsters investor sentiment
– Newer meme coins like Pepe Unchained gain attention with innovative features on Ethereum’s Layer 2, positioning them for growth in a bullish market
Bitcoin’s latest rally has shattered previous records, with the flagship cryptocurrency surging past $75,000 as market momentum builds. The excitement has spread across the crypto space, especially in meme coins, which are riding Bitcoin’s bullish wave.
Leading meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) have been major beneficiaries and new entrants like Pepe Unchained are attracting fresh attention from investors.
The Political Edge to Bitcoin’s Rise
Bitcoin’s latest surge has unfolded amid heightened political drama. As election results solidified Donald Trump’s return to the White House, Bitcoin climbed past $75,000, driven by investor optimism over Trump’s pro-crypto stance.
The coin first hit $70,500 and then reached new heights in the early hours as Trump’s electoral count widened over Kamala Harris’s.
Many investors view Trump’s presidency as a bullish sign for crypto, thanks to his promises for a crypto-friendly regulatory framework.
Trump’s pro-crypto comments during this year’s Bitcoin 2024 conference have further bolstered his standing among crypto enthusiasts. Despite mixed behaviour from institutional players—with $541 million in outflows from spot BTC ETFs but a notable $38.3 million in inflows from BlackRock’s IBIT—Bitcoin remains firmly in “Greed” territory on the Crypto Fear & Greed Index.
With Trump’s official win, both this index and Bitcoin itself could see even greater gains as investor sentiment solidifies.Meme Coins Ride the Bitcoin Bull Market: DOGE and SHIB Rally
Bitcoin’s all-time high has had a contagious effect on the meme coin market. The total market cap of meme coins has surged past $68.1 billion and daily trading volumes have jumped 184% to over $20 billion.
Dogecoin, the original meme coin, has soared 17% to reach $0.202, marking its highest point in seven months and positioning it as the eighth-largest cryptocurrency with a market cap above $29 billion.
Shiba Inu, another popular meme coin, is also enjoying the momentum. SHIB rose to $0.0000183, a 12% increase, though it faced slight resistance at $0.0000197.
Crypto Twitter has fueled the enthusiasm further, with prominent accounts and influencers speculating about even higher meme coin gains. One parody Elon Musk account with over 210,000 followers boldly predicted “meme coins 1000x,” intensifying the hype.
Pepe Unchained Gains Steam with Layer-2 Innovation and Strong Community Support
One of the hottest newcomers in the meme coin space, Pepe Unchained (PEPU), has been making significant waves. Following Trump’s victory and Bitcoin’s rally, Pepe Unchained has surpassed the $25 million mark in its presale.
Pepe Unchained recently announced the launch of “Pepe’s Pump Pad” on its Layer-2 chain, a move designed to address Ethereum’s limitations, such as high fees and network congestion.
The platform aims to replicate the success of similar meme-focused platforms like Pump.fun on Solana, which generated over $100 million in revenue and attracted 90,000+ daily active users.
Pepe Unchained’s Layer-2 solution is expected to lower transaction costs and increase transaction speed, making it an appealing choice for the meme coin community.
With Ethereum’s vast DeFi infrastructure and liquidity, Pepe’s Pump Pad on Layer-2 combines Ethereum’s reliability with the speed and affordability essential for meme coin trading.
This combination attracts both meme coin enthusiasts and high-value traders, offering deep liquidity, Ethereum-native integrations and a fast trading experience. If it can replicate the success of platforms like Pump.fun, Pepe’s Pump Pad could become a central player in the meme coin landscape.
Pepe Unchained Hits $25M in Presale – What This Means for Investors
Pepe Unchained ($PEPU) recently reached a $25 million milestone in its presale, drawing investor attention to its promising tokenomics and growth potential. Designed for ease of access, $PEPU tokens can be purchased directly from the project’s website using ETH, BNB, USDT or even bank cards.
One of the highlights for Pepe Unchained is its staking feature, available via the Pepe Unchained dashboard. Currently offering an APY of around 94%, the staking rewards are projected to decrease as more participants join.
Approximately 30% of the $PEPU supply is allocated for staking rewards, with other portions dedicated to presale, marketing, liquidity and project development.
Given the current market enthusiasm surrounding meme coins and Bitcoin’s influence, Pepe Unchained is poised to capture the attention of investors looking for high-growth potential.
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Growing Community Support and Analyst Interest
Pepe Unchained has already attracted a substantial following on social media, with over 47,000 Twitter followers and continues to gain traction among YouTube analysts. With a high APY staking option, more than 150 million $PEPU tokens have been staked by community members.
The project is also making strides on platforms like CoinSniper.net, where it recently ranked second among upcoming token launches. Analysts such as Jacob Bury have taken notice, predicting potential gains for $PEPU and reinforcing its growth potential.
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Addressing Scalability with Pepe Chain
To tackle Ethereum’s scalability challenges, Pepe Unchained is developing a dedicated Layer-2 solution known as “Pepe Chain.” This Layer-2 solution is designed to overcome Ethereum’s processing limitations, which cap transactions at around 15 per second and increase costs during peak demand.
With Pepe Chain, Pepe Unchained aims to offer faster and more cost-effective transactions, making it more suitable for high-frequency meme coin trading. By minimising network congestion, the Pepe Chain enables smoother transactions and faster response times, creating an ideal environment for both retail investors and high-frequency traders.
Additionally, Pepe Unchained has launched a grant initiative, “Pepe Frens with Benefits,” to encourage community developers to build applications on its Layer-2 network.
This program, set to open in Q4 of 2024, aims to expand Pepe Unchained’s ecosystem and drive further adoption.
The Takeaway: Meme Coin Market Booms with Bitcoin’s Highs
As Bitcoin sets new records and meme coins benefit from the bullish wave, Pepe Unchained ($PEPU) has emerged as one of the most promising projects in the space.
With innovative staking options, a dedicated Layer-2 solution and robust community support, Pepe Unchained offers unique features that could position it as a leading meme coin.
For those looking to seize the opportunity, now may be an ideal time to explore $PEPU before the project’s presale concludes and it potentially gains further traction.
