Sunpepe (SUNPEPE) Skyrocketed 51% in the Last 24 Hours, Here's Why

The Sunpepe price skyrocketed 51% in the last 24 hours to trade at $0.004286 as of 3.00 a.m. EST on trading volume that soared 148% to $20.6 million.

The Sunpepe price skyrocketed 51% in the last 24 hours to trade at $0.004286 as of 3.00 a.m. EST on trading volume that soared 148% to $20.6 million.

Sunpepe is one of the newest Pepe alternatives to hit the market, being around for less than a full week, during which it skyrocketed over 2,385%.

The project saw a strong start, hitting over 2,000 holders in only 3 days, and it managed to secure listings on several major CEXes very early on, including BitMart, Poloniex. It also announced that it would soon see listings on HTX, MEXC, KuCoin, and more, which soon came to pass.

coming! HTX & MEXC & KUCOIN & MORE……. https://t.co/twiV0FsPDl

— SunPepe (@SUNPEPE_TRX) August 20, 2024

The project also strongly tied its own future with that of Tron. With Sunpepe running on Tron, it is only to be expected that the token will blow up if the rest of the ecosystem is doing well.

Meanwhile, Tron recently came out with a meme coin strategy that will essentially see it double down on the sector, especially after seeing how successful it has been throughout 2024 on chains like Ethereum, Solana, and Base.

Sunpepe Price Prediction

After seeing an initial surge, the SUNPEPE price hit major resistance at $0.0060, which caused a sharp correction. The token then made another recovery,  but it never returned all the way up to the previous levels. Instead, it would encounter resistances lower and lower, eventually bringing it to the one at $0.0040.

Even so, the token’s price may yet grow according to technical indicators. Bollinger bands, for example, remain quite far apart, which is a bullish signal and it suggests that the price could go higher up.

On the other hand is the Relative Strength Index (RSI) value which shows how much a token is being purchased or sold, and for Sunpepe, the metric shows that there is a certain balance between the two. But, such balance rarely lasts, and so it is likely that the price will see a surge or a drop in the near future.

With the widened Bollinger bands, there is a greater chance of a price recovery, but its actual performance has yet to be seen.

Promising Alternatives to Sunpepe

While Sunpepe saw an excellent performance in its first week, the token started struggling in the last 24 hours, and with each new resistance that it hits, it struggles more and more with breaking it. It is likely that it will soon find its limit and after that, traders will likely take profit, causing a stronger correction to occur.

This is why opportunity seekers among investors should consider a different cryptocurrency, and for those who are fans of Pepe-inspired cryptos, there is an upcoming coin that should be right up their alley. Known as Pepe Unchained (PEPU), this is a new version of Pepe that managed to free itself from Ethereum’s limitations that hold the original Pepe back.

Despite its upgrades over the years, Ethereum is still sluggish and expensive compared to modern blockchains, and that holds back Pepe as much as it does ETH. Pepe Unchained, however, is the first Pepe meme coin to have its own blockchain —  a Layer-2 chain developed on Ethereum’s network. As such, it is free from the binds that hold back the original and other Pepe-based alternatives.

Pepe is preparing to launch his own Layer 2 blockchain solution soon:

? Instant bridging between ETH and Pepe Chain

? Lowest transaction fees

? 100x faster transaction speeds compared to ETH

? Dedicated Block Explorer

Get ready to join the future with Pepe Unchained! ⛓️? pic.twitter.com/9gxNnddMyq

— Pepe Unchained (@pepe_unchained) July 18, 2024

Best of all, PEPU is still in presale, meaning that it is fast, cheap, scalable, and available at an extremely low price if you act quickly. Its ICO attracted a lot of attention, allowing it to raise over $10.6 million and become one of the biggest presales of the year. Meanwhile, its PEPU token sells for only $0.0093105. But, the project is scheduled to see its next price increase tomorrow, so buying it before that happens can ensure that you get it at a more favorable price.

PEPU is available in exchange for ETH, BNB, USDT, or fiat currencies by way of credit and debit cards. It has also attracted numerous whales, and even major crypto experts

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