In a dramatic turn of events, Slerf (SLERF) has plummeted by 15% in the last 24 hours, trading at $0.1983 as of 8:45 a.m. EST. This decline comes amid a surge in trading volume by 30% to $43 million, reflecting a broader bearish trend sweeping across the crypto market. Bitcoin's dip below $60k has triggered a wave of negative sentiment, impacting even resilient cryptocurrencies. As SLERF struggles to maintain its footing, experts are pointing to a promising alternative: Pepe Unchained (PEPU). This new meme coin, built on a scalable Layer 2 blockchain, is capturing investor interest with its potential for exponential growth.

Slerf Price Prediction

The SLERF price has been on a downward trajectory for an extended period, and technical indicators suggest that this trend is unlikely to reverse soon. The project’s Bollinger bands recently experienced a significant widening when the price initially crashed, but they have since narrowed more than at any point this week. The price continues to breach the lower band, pushing it further down—a strong bearish signal that suggests a recovery is unlikely, especially when paired with the project’s Relative Strength Index (RSI).

Pepe Unchained’s RSI value has ventured into the oversold zone multiple times in the past two days, only to briefly recover to the neutral zone as some traders used the opportunity to buy the dip. However, even the slightest recovery prompts them to take profit and sell again, as clearly displayed by the RSI value drops. Currently, the RSI score is once again dropping from the neutral zone to the oversold area, further suggesting that another price drop might be expected in the hours to come.

Promising Alternative To Slerf

While the current price of SLERF seems to be in free fall, there are still safe alternatives for investors looking to enter the meme coin sector, which has been the most rewarding part of the crypto industry so far in 2024. The answer is to turn to promising presales that are shielded from market volatility until their launch.

One such promising presale right now is Pepe Unchained (PEPU), a new Pepe-themed coin that calls itself the superior version of the original Pepe token. It is also the first Pepe crypto to run on its own blockchain. The blockchain in question is a Layer 2 chain built on top of Ethereum’s Layer 1 network. With Ethereum being one of the most secure blockchains in the industry, Pepe’s L2 chain inherited this feature. Unlike Ethereum-based meme coins, which are limited by the network’s slow speeds and major fees, Pepe Unchained’s L2 blockchain is scalable, fast, and cheap.

Apart from the lowest transaction fees, it offers higher volume capacity, which it claims to be 100x faster than ETH, and instant bridging between ETH and Pepe chain. Lastly, it also comes with its own block explorer for added transparency.

Why Pepe Unchained is Gaining Traction

The project quickly attracted the attention of investors, raising over $2.2 million in just 19 days. For now, it is worth noting that the interest in Pepe Unchained is on the rise, and it is catching the attention of popular crypto YouTubers like Jacob Crypto Bury. He recently told his 41k subscribers that PEPU could be the next 10x Pepe alternative.

Right now, PEPU tokens sell for $0.0082596 each. For those interested in clambering aboard, buying PEPU now is the best move because a price increase is due in less than two days. You can buy PEPU on the official website with ETH, BNB, USDT, or credit/debit cards.

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• How to Buy Pepe Unchained – $PEPU Presale Review
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• Pepe Unchained Rockets Past $2.2 Million—Is $PEPU The Next 10x Meme Coin?

Conclusion

The cryptocurrency market is notoriously volatile, and while SLERF's recent performance has been disappointing, there are always new opportunities on the horizon. Pepe Unchained (PEPU) represents one such opportunity, offering a scalable, fast, and cheap alternative to traditional Ethereum-based meme coins. With its promising presale and growing investor interest, PEPU could very well be the next big thing in the meme coin sector. As always, potential investors should conduct their own research and consider their risk tolerance before diving into any new investment.