The rivalry between meme coins is taking center stage once again. Max, a crypto analyst on X (formerly Twitter), has predicted a substantial price increase for Dogecoin (DOGE) and Pepe (PEPE) in the current bull cycle. The analyst has identified which popular meme coins are set to dominate the market and those worth holding for potential profits.
Pepe To Outperform Dogecoin This Bull Market
In his X post, Max drew parallels between the performance of Dogecoin and Pepe, two of the most popular meme coins in the market. Based on past market trends and price movements, Max projected that Pepe will likely outperform Dogecoin in this bull market.
Before delving deep into his analysis, the crypto analyst revealed that he categorized meme coins by their status, referring to them as “Alpha” and “Beta,” likely based on their strong market performance and popularity. He also shared a price chart of Pepe and Dogecoin, highlighting their market movements and forecasting their future price action.
Max disclosed that in the previous bull cycle, Shiba Inu (Beta) surpassed Dogecoin (Alpha) in performance and gains. He revealed that this development had marked the peak of the bull cycle, suggesting that the market had become overheated.
The analyst also disclosed that it was normal for a Beta coin to surpass an Alpha coin for short periods. However, if the outperformance is too significant, it could signal an impending collapse.
In the current bull cycle, Dogecoin is considered the alpha coin, while Pepe is identified as the Beta coin. Following previous market trends, the analyst predicts Pepe will “flip Dogecoin” and become the best-performing meme coin in this bull cycle.
Max also proposed that if Pepe outperforms Dogecoin, it could signal that the bull market may be nearing its end, suggesting it might be time to exit the market to avoid potential losses. However, until this point is reached, both meme coins are expected to rise together, meaning investors could hold Dogecoin or Pepe for potential gains during this bull cycle. Max has also stressed the need to carefully monitor the relative performance of Pepe (Beta) to Dogecoin (Alpha) as the bull market continues.
Analyst Predicts 940% Surge For PEPE
In another post on X, crypto analyst Jameson has projected substantial price increases for Pepe and Shiba Inu this year. The analyst suggested that Coinbase’s recent listing of Pepe and SHIB on its platform could serve as a bullish catalyst for both meme coins.
He presented a price chart that shows how much Pepe and Shiba Inu are expected to surge this cycle. Jameson has forecasted that Pepe could witness a 942.7% increase from its current price of $0.00002 to $0.00019. On the other hand, Shiba Inu could also increase by 942.7% to reach its previous all-time high of around $0.00008.
While he remains optimistic and confident about these price surges for Pepe and SHIB, Jameson has acknowledged that these bullish moves will take time to unfold fully.
Featured image created with Dall.E, chart from Tradingview.com