Experts say Pepe price plummeted 13% but recommend considering this Layer 2 alternative for exponential gains

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Pepe has lost 13% in the past 24 hours and is trading at $0.000008395 at 00:40 AM EST.
Trading volume surged by 12% to $757 million, a result of the continued decline across the cryptocurrency market, which has seen its market value drop by 3% in the past 24 hours to a market cap of $2.04 trillion.
Pepe prices have been on a downward trend since hitting an all-time high of $0.00001717 and reaching a market cap of $6.8 billion, according to data from GeckoTerminal.
The death cross near $0.0000129 allowed the bears to increase the pressure and push the Pepe price down along the descending channel pattern.
PEPE remains below the 50-day and 200-day simple moving averages (SMAs), which confirms the ongoing downtrend along the descending channel.
Moreover, the Relative Strength Index (RSI) is declining and approaching the 30 oversold level. This shows that sellers continue to sell in large quantities.
If the bears continue selling, the price of Pepe could decline further to $0.000007233, which will act as support against the downward pressure.
However, as the RSI declines towards the 30 oversold levels, investors may start accumulating as the coin is now severely undervalued. In the event of a bull run that could trigger a buyback, the coin could rebound on the channel as bulls target a new high at $0.0000173 above the immediate resistance levels of $0.000001009 and $0.00001167.
Amid the cryptocurrency crash, some PEPE investors are turning to a new Pepe upgrade called Pepe Unchained (PEPU), which has raised $2.7 million in funding in just two weeks.
Pepe has provided investors with huge returns since its launch last year. However, Pepe is built on the Ethereum blockchain, which is often limited by network delays and rising gas fees.
Pepe Unchained is a PEPE 2.0 meme coin that is helping PEPE break away from the old, clunky blockchain and embrace the future. This is because PEPU will run on its own proprietary Ethereum second-layer blockchain.
As a result, the project will finally solve the scalability, speed, and efficiency issues that often plague memecoins built on the Ethereum layer-one blockchain.
$PEPU holders can also obtain passive income through the platform's pledge system, with an annual yield of 694%.
According to 99Bitcoins, a well-known cryptocurrency YouTube channel, $PEPU is one of the best cryptocurrencies right now. It also said that the coin could surge 100 times after its launch.
You can buy $PEPU token for $0.0083258. There is a price increase coming in less than two days, so buy it quickly to lock in the best deal.
To participate in the presale, buy $PEPU from the official website here using ETH, USDT or bank card.
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