The top Ethereum meme coin Pepe has seen remarkable growth over the past week, rallying by as much as 65% since hitting its local bottom.
Despite a 3% pullback today, the frog-themed meme coin is still up nearly 25% in the past 7 days.
Experts remain largely bullish on its long-term price potential, with many PEPE price predictions projecting a new all-time high in August.
Pepe’s strength bodes well for other frog-themed tokens as well, several of which have even outperformed it in the short term.
A new presale token – Pepe Unchained – is also in high demand, hitting the $4 million milestone in its ICO yesterday. Analysts believe it to be one of the PEPE alternatives that could potentially deliver 100x returns.
Pepe Price Prediction For August
The PEPE price is down nearly 8% from its weekly high, largely due to the weakness in the broader stock market.
However, the correction has not changed experts’ optimism surrounding the meme coin, and for good reason. The Pepe coin remains the best beta play on Ethereum and shows a high degree of correlation with the second-largest cryptocurrency.
With the spot Ethereum ETFs expected to go live on July 23rd, Pepe is one of the cryptocurrencies expected to benefit the most from the potential ETH inflows. It is also projected to be one of the top-performing meme coins during the upcoming “altseason”, especially once the ETH/BTC trading pair breaks out of the 0.06 level.
According to our Pepe price prediction, we expect the meme coin to flip its 10-week Simple Moving Average before the weekly close, paving the way for a strong bullish continuation.
More importantly, the Pepe price would likely hit a new all-time high in August and potentially reach the $8 billion market capitalization before the monthly close.
Other Frog-Themed Meme Coins Set To Explode?
The meme coin market is all about correlations. Pepe’s bull rally would very likely provide a massive boost to other frog-themed tokens.
For instance, top Bybit trader Bluntz (@Bluntz_Capital) believes that PONKE could potentially see 100x growth in the coming weeks, highlighting its bullish price chart.
Similarly, another popular trader FUD (@WhaleFUD) – who has over 417k followers on X – believes that MAPE is the best beta play on PEPE. Indeed, MAPE is up by nearly 80% in the past 24 hours and over a staggering 368,000% in the past week, data from DEXTools reveals.
In fact, some of the top gainers and trending tokens on DEXTools are all frog meme coins, including MOPE, PeiPei and MOGGER.
However, some experts believe that Pepe Unchained could potentially be the best PEPE alternative.
Is Pepe Unchained The Next 100x Meme Coin?
Pepe Unchained (PEPU) has quickly captured the attention of meme coin enthusiasts, raising over $4 million in its ongoing presale.
Unlike some of the aforementioned frog meme coins, PEPU isn’t a PEPE copycat. Instead, it has come up with an innovative approach that is expected to offer high staking rewards, low trading costs and fast transactions.
Indeed, Pepe Unchained is launching its own Layer-2 chain, offering it an edge over most Ethereum meme coins. The low trading costs and high staking rewards are major attraction points for retailers and could prove to be a game-changer for its upside potential.
Presale buyers can already start to earn the yields, currently at a high rate of over 400%.
Unsurprisingly, smart money investors are bullish on its price potential, with some even expecting up to 100x returns.
