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The Sun (New) price soared 21% in the last 24 hours to trade at $0.03575 as of 10:05 p.m. EST on trading volumes that skyrocketed 78% to $342 million.
This comes despite the meme coin market being down 1% to a $41 billion market capitalization.
Sun Price To Continue Soaring
According to GeckoTerminal data, the Sun (New) price has been on a sustained rally since its launch, hitting an all-time high (ATH) of $0.0440.
Despite a slight downtrend on Aug. 25, the bulls have recovered to keep the price trading within the rising channel pattern, aiming to propel the price of Sun even higher.
SUN trades above the 50 Simple Moving Average (SMA) on the 4-hour chart, which supports the bullish trend and could encourage the bulls to sustain the bullish rally.
Moreover, the Relative Strength Index (RSI) is soaring past the 50-midline level, currently at 56, which shows that the asset is under intense buying pressure.
If the buying pressure continues, the price of Sun (New) could rally as the bulls target $0.050.
However, if the bears take control of the price at this level, the price of Sun (New) could plunge to the immediate support level at $0.025.
As the Sun (New) price soars, investors are flocking to the new meme coin Pepe Unchained (PEPU), which has raised over $11.2 million in its ongoing presale.
Pepe Unchained Raises Over $11.2 Million – Best Meme Coin To Buy Now?
Since its launch in 2023, Pepe has delivered mind-blowing returns to early investors and continues to rule the charts, being one of the top three meme coins by market capitalization.
However, Pepe is not without its shortcomings. The token was originally built on the Ethereum blockchain and has long been confined by its layer-1 technology, which is handicapped by network delays and rising gas fees.
Pepe Unchained is set to be the superior alternative to PEPE, promising lower transaction costs and faster speeds for Pepe ownership. Its new proprietary blockchain will also serve as the launch pad for future meme coins and other tokens, leveraging the same cost-efficient transactions as PEPU.
Who needs some Brain Powder?
Pepe is gearing up for the official launch of his very own blockchain! 🚀 pic.twitter.com/kZC72UmxFy
— Pepe Unchained (@pepe_unchained) June 20, 2024
As a means to ensure that investors easily seize market opportunities, the project plans to tackle the scalability, speed, and efficiency issues that often plague meme coins built on layer-1 blockchains like Ethereum.
PEPU holders can also earn passively through the platform’s staking system, which offers an annual percentage yield (APY) of 178%.
According to 99Bitcoins, a prominent crypto channel on YouTube, PEPU is one of the best cryptos to buy now. It adds that the token could soar 100X after its launch.
You can buy PEPU tokens for $0.0093851 each. With a price hike coming in about 4 hours, buy soon to lock in the best deal.
Buy PEPU from the official website here using ETH, USDT, or a bank card.
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