Toncoin Price Pumps 6%, But Analysts Say This Layer-2 PEPE Might Be The Best Crypto To Buy Now

The
Toncoin
price


pumped

more
than
6%
in
the
last
24
hours
to
trade
at
$5.25
as
of
11:38
p.m.
EST
as
investors
rush
to
buy
the
altcoin.

With
this
recent
gain,
the
TON
price
was
able
to
push
its
weekly
performance
back
into
the
green.
However,
the
crypto
is
still
down
21%
on
the
monthly
time
frame.

The
Toncoin
Price
Breaks
A
Major
Resistance

4-hour
chart
for
TON/USDT
(Source:


TradingView)

The


Toncoin

price
was
able
to
break
above
the
major
resistance
level
at
$4.996
in
the
last
24
hours
and
is
now
looking
to
overcome
the
next
barrier
at
$5.417
as
well.
Should
TON
flip
the
$5.417
resistance
into
support
within
the
next
12
hours,
the
altcoin
could
have
the
technical
foundation
needed
to
rise
to
as
high
as
$6.042
in
the
short
term.

On
the
other
hand,
the
Toncoin
price
getting
rejected
by
the
$5.417
price
point
might
invalidate
the
bullish
thesis.
Traders
could
begin
to
enter
into
a
short
position
in
the
altcoin
in
this
alternative
scenario.
With
the
potential
sell
pressure,
TON
might
be
exposed
to
the
risk
of
retesting
the
aforementioned
$4.996
level. 

If
sellers
continue
to
exert
pressure
on
the


Toncoin

price
should
it
fall
to
$4.996,
then
the
crypto
might
plunge
to
the
subsequent
mark
at
$4.543.
An
extremely
bearish
case
could
see
TON
fall
to
$3.997
in
the
next
48
hours.

Bulls
Seem
To
Be
Losing
Their
Grip
On
The
Toncoin
Price

From
a
technical
perspective,
indicators
on
TON’s
4-hour
chart
suggest
the
crypto’s
bullish
momentum
is
starting
to
cool
down.
Both
the
Moving
Average
Convergence
Divergence
(MACD)
and
the
Relative
Strength
Index
(RSI)
are
showing
signs
of
diminishing
buyer
strength.

In
the
last
couple
of
hours,
the
gradient
of
the
MACD
Histogram
has
started
to
level
off.
Although
the
MACD
line
is
still
bullishly
positioned
above
the
MACD
Signal
line,
the
flattening
Histogram
values
warns
that
TON’s
positive
trend
might
be
nearing
its
end.

Meanwhile,
the
RSI
shows
that
TON
is
currently
overbought.
Traders
generally
see
this
technical
flag
as
a
sell
signal
because
it
suggests
that
a
crypto’s
downside
potential
is
greater
than
its
upside
potential.
With
the
RSI
collapsing
towards
its
Simple
Moving
Average
(SMA)
line
on
the
4-hour
chart,
it
seems
some
traders
have
started
to
decrease
their
exposure
to
TON.

While
bulls
start
to
shift
their
attention
away
from
TON,
there’s
no
sign
they’ll
stop
pouring
capital
into
the
ICO
for
layer-2
meme
coin


Pepe
Unchained
(PEPU).

Scaling
The
Meme
Coin
Ecosystem

Pepe
Unchained
(PEPU)
aims
to
empower
the
popular
PEPE
meme
coin
using
a
native
layer-2
blockchain
network.
The
project
will
transfer
all
of
PEPE’s
transactional
workload
to
this
new
network.

Not
only
will
this
free
up
computing
power
on
the
congested
Ethereum
network,
it
will
also
unlock
100
times
greater
transaction
speeds
and
much
lower
fees
for
PEPE
lovers.

Beyond
its
mission
to
empower
PEPE,
Pepe
Unchained
will
also
serve
as
a
dedicated
meme
coin
sidechain.
This
will
introduce
some
much
needed
scalability
to
the
light-hearted
sector
of
the
crypto
space,
which
has
already
brought
both
TON
and
Solana
to
a
temporary
standstill
this
year
due
to
surging
investor
interest
in
meme
coins
on
these
blockchains. 

Investors
will,
however,
still
be
able
to
seamlessly
bridge
their
assets
across
the
Ethereum
and
Pepe
Unchained
networks.
As
such,
investors
get
the
dual
benefit
of
Ethereum’s
robust
security
framework
and
the
enhanced
transactional
experience
enabled
through
Pepe
Unchained’s
layer-2
technology.

Pepe
Unchained’s
layer-2
technology
and
appeal
to
meme
coin
investors
has
excited
several
crypto
analysts
and
experts,
including
popular
YouTuber
ClayBro.
In
a
video
to
his
130,000
subscribers,
he
said
that
Pepe
Unchained
has
the
potential
to
lead
the
meme
coin
space.

Investors
Bet
Big
On
PEPU’s
Future

Pepe
Unchained
has
raised
over
$12.5
million
through
its
blockbuster
ICO
so
far,
signaling
strong
investor
confidence
in
the
project’s
future.
This
frenzy
around
the
new
meme
coin
project
is
likely
to
carry
on
given
the
162%
APY
on
offer
to
presale
buyers
who
stake
PEPU
at
this
early
stage.

We’ve
hit
$12.5M!

Pepe
Unchained
is
blazing
through
milestones
????????

pic.twitter.com/Vtq7R02w0R

—
Pepe
Unchained
(@pepe_unchained)

September
9,
2024

To
gain
access
to
the
high
staking
rewards,
investors
will
first
need
to
purchase
the
token
via
the
simple
buy
widget
embedded
on
the
project’s
website.
Selling
for
$0.0096126,
PEPU
can
be
bought
using
either
ETH,
USDT
BNB
or
a
bank
card.

Buyers
who
want
to
lock
in
the
best
deal
will
want
to
hurry
because
PEPU’s
price
is
scheduled
to
increase
in
a
little
more
than
a
day.

Purchase
PEPU
tokens
on
the
official
website
here.

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