Is PeiPei Set to Break Market Cap Records After This Rally? Pepe Unchained Presale Approaches $19.5 Million Milestone

PeiPei (PEIPEI) is making a strong comeback after a recent market cap slump. The token has surged 21% today, with its price reaching $0.0000001736 and a market cap of $71 million.

Notably, trading volume has increased by 27.97% in the last 24 hours, signaling growing interest from traders.

This renewed attention comes as another meme coin, currently in presale, rapidly gains momentum, having raised $19 million in funding.

PeiPei (PEIPEI) price analysis

Looking at the one-week chart, PeiPei had a rough patch with some downtrends and a particularly red day yesterday and earlier today. Despite the temporary dip, PeiPei has bounced back and is now showing promising signs of growth.

Earlier this week, its market cap dropped from $75 million to $50 million, but in just a day and a half, it has rebounded to $60 million and is now at $71.3. Such a rapid recovery is phenomenal and suggests the token still has bullish momentum.

From a technical perspective, PeiPei did break below its previous support level of $70 million, but the next significant support sits at around $38 million. However, given the current trends, it’s unlikely we’ll see that level anytime soon.

Instead, all signs point to continued bullish momentum, with a rally potentially pushing PeiPei’s market cap even higher. For investors looking at long-term gains, PeiPei’s current market cap of $68 million provides an interesting perspective.

Some analysts suggest that PeiPei could achieve a 10x gain, pushing its market cap to $600 million. While this would offer significant returns, for those holding out for larger gains, a 20x increase would bring PeiPei to a market cap of $1.2 billion.

Although it’s essential to remain realistic, even a conservative 10x could bring considerable profits, especially for early investors.

PeiPei’s community loyalty and Chinese market potential could drive explosive gains

There’s no denying that PeiPei is trending across various platforms, attracting a growing community of supporters. According to social media sentiment, many users are bullish on PeiPei’s future. One notable tweet highlighted the significance of China in the cryptocurrency market.

As China remains a behemoth in Bitcoin mining, many believe that if the Chinese market fully embraces PeiPei, the token could see unprecedented growth. This connection between PeiPei and the Eastern markets could play a pivotal role in its future success.

Another key element driving PeiPei’s rise is its community. Often referred to as the “Cornerstone of PeiPei,” the community has remained dedicated to the token’s growth and stability.

A cryptocurrency analyst pointed out that to identify a cult meme coin, you need to see consistent price pumps, retracements, and redistributions. PeiPei has checked all these boxes, proving it has a loyal group of holders who believe in the project’s long-term potential.

In addition to community support, PeiPei has been making strides in terms of accessibility. It was recently listed on NOW Wallet, a multi-asset wallet that allows users to store, swap, and access over 1,500 assets.

This listing provides more exposure and ease of use for PeiPei holders, further cementing the token’s growing presence in the crypto space. In a recent tweet, prominent crypto consultant “CRYPT 38” mentioned having a conversation with one of PeiPei’s developers.

According to him, the dev is meticulously planning the next phase of PeiPei’s journey. This level of planning and dedication indicates that PeiPei is not just a short-term project but has the potential for long-term growth.

With so many factors in play—the community, increasing trading volume, developer commitment, and market momentum—PeiPei’s future looks promising. However, as with all cryptocurrencies, patience is key.

Investors and supporters alike will need to watch closely to see where PeiPei goes next, but one thing is certain: PeiPei is not a project to be overlooked.

While PeiPei continues to make waves, another token is gaining buzz as its presale rapidly surpasses $19 million, driven by whale investments fueling the surge.

If you’re looking for investment opportunities that could offer big returns and increase in value during the next bull run, check out our guide here for the best crypto presales of 2024.

Pepe Unchained: A highly profitable meme coin with attractive staking incentives

Pepe Unchained (PEPU) is a cutting-edge meme coin that seamlessly blends the fun of popular memes with next-generation blockchain technology.

At its foundation is Pepe Unchain, a Layer 2 solution designed for ultra-fast, low-cost transactions, positioning $PEPU as a quick, eco-friendly option in the ever-evolving crypto landscape.

Skipping into the week, working on that Sunday sweat.

Pepe is makin' gainz!