However, XRP climbed the charts after being sued for a $125M civil penalty by a federal judge. What happened?
Ripple’s legal victory
Although Ripple Labs was liable for a $125M penalty in a lawsuit filed by the United States Securities and Exchange Commission, investors see it as a victory. The court reduced the SEC’s proposed penalty by 94%.
This brings Ripple’s case with the SEC to its final stage. It started in 2020. Ripple is allegedly using XRP as an unregistered security to raise funds. Programmatic sales of XRP to retail clients through exchanges, however, do not necessarily violate federal securities laws.
Demand for XRP is sure to grow over the next few days due to strong social momentum. XRP currently has a market capitalization of $34 billion and the seventh position in the global crypto chart. XRP has fallen sharply despite the post-halving rally and broader market recovery.
XRP price action one year, source: CoinMarketCap
XRP will take the second half of 2024
The ruling helped XRP create an optimistic narrative about price performance and predictions. XRP has lost more than 80 percent of its value since reaching an all-time high (ATH) of $3.84 in 2018. Even the crypto rally of 2021 did not help to recover the ATH, although most cryptocurrencies advanced in the bull market.
At XRP price is far to go to touch $3.84 again. That leaves plenty of room for returns for dip-buying investors. The token has long been considered saturated. That, coupled with SEC lawsuitcatered to a series of losses over the last seven years.
While Solana was in the spotlight in the first half of 2024, investors moved to XRP in the second half. That is in the high cover category. For more fertile pastures, they keep tokens like Pepe Unchained that have a lower initial market cap.
Pepe Unchained – A layer 2 chain for meme coins
Pepe Unchained ($PEPU) sounds like another hollow meme coin. However, it is a layer-2 blockchain dedicated to meme coins. It addresses the long-standing challenges of network delays and skyrocketing fees that investors often incur during meme coin transactions.
It takes loads from Ethereum, the main blockchain used by meme coins, and offers a hassle-free trading experience.
Pepe Unchained is the first layer of 2 dedicated to meme coins. Being volatile, meme coins require special care. Decisions must be made quickly to maintain a profitable meme coin portfolio.
This is the core feature of the new layer 2. It radically changes how meme coins are traded and managed.
Due to its speculative nature and extreme volatility, meme coins often make investors neurotic. Cryptocurrencies, in general, are known for their volatility. Slow transaction times and high fees on Layer-1 blockchains like Ethereum are the punishment.
It stops buying and selling assets in time. Pepe Unchained improves transaction efficiency through batching and data compression. Due to its high market relevance, Pepe Unchained is widely predicted as the next crypto unicorn. It has the potential to join the ranks of Polygon and Optimism by the end of the year.
$9.5 million raised and counting
Pepe Unchained is hosting one of the hottest crypto presales of 2024. It just passed the $9.5 million milestone.
The presale price is not affected by the crash. Prices increase with each new presale stage, encouraging early investment. Because the rates are so discounted, investors get cheap entry. That maximizes the potential return. Once $PEPU hits the popular crypto exchange, it is predicted to rise several times up the charts.
The presale offers more strategic benefits to early backers. For example, the powerful staking system that accompanies the presale has an impressive APY of over 300 percent. It provides incentives to hold long-term tokens and nurtures a healthy price trajectory.
Furthermore, a significant part of the token is allocated for public presale. A large allocation minimizes the risk of insider selling, paving the way for a fair launch.
The Pepe Unchained presale window is closing soon
Pepe Unchained’s active presence on social media platforms like X (more than 11,000 followers) and Telegram (5,000 members) reflects the growing strength of the community.
Positive reviews and nods from top crypto publications, channels, and influencers have also drawn attention to Pepe Unchained. In a recent video, popular YouTuber ClayBro (130k subscribers) calls $PEPU the next big meme coin.
Pepe Unchained Could Be The Top Meme Coin To Launch And Here’s Why!
The strength of $PEPU lies in its core utility and clear roadmap. The goal is to get a token that lasts beyond the initial hype. Pepe Unchained has completed an extensive security audit by Coinsult and SolidProof.
The upcoming layer-2 blockchain, which will be launched after the presale, is expected to position $PEPU as the new crypto to watch.
Buy $PEPU tokens in the presale
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