Pepe (PEPE) made waves in 2023 as a top meme coin, but with a multi-billion-dollar market cap, many believe its prime days are behind. While still a favorite among traders with high volume, PEPE’s recent price trends suggest trouble ahead.

PEPE Price Analysis: Heading Downhill? Currently priced at $0.000007, PEPE has seen a 1.55% dip in 24 hours and a -45% drop in the last three months. Despite a $2.9 billion market cap, PEPE’s price remains vulnerable, trading below resistance levels for 11 straight days. RSI indicates oversold conditions, but broader market conditions need improvement for a potential bounce.

However, PEPE’s upside potential may be limited due to its high market cap. Even surpassing DOGE would only offer a 4.6x return for investors—a decent gain, but far from mind-blowing.

Pepe Unchained: The New Contender Enter Pepe Unchained (PEPU), which promises to outperform PEPE. Built on a faster, cheaper layer-2 solution rather than Ethereum’s slow, expensive chain, PEPU offers meme coin developers a fresh platform. With a presale nearing $12M, PEPU is seen as PEPE 2.0—a better, faster version of the original.

Could Pepe Unchained be the true frog king?

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