Emily Walker
The competition among meme coins is heating up once again. Max, a cryptocurrency analyst on X (formerly Twitter), has forecasted a significant price rise for Dogecoin (DOGE) and Pepe (PEPE) during the ongoing bull cycle. He has highlighted which main meme coins are likely to lead the market and which ones are potentially profitable to hold onto.
Pepe Expected to Surpass Dogecoin in Current Bull Market
In a recent post on X, Max compares the performance of Dogecoin and Pepe, two leading meme coins. Drawing on historical data and market behaviors, Max anticipates that Pepe will exceed Dogecoin’s performance this bull cycle.
Prior to sharing his insights, Max categorized meme coins into “Alpha” and “Beta,” indicating their respective strengths in the market. He also displayed a price chart reflecting the trends of both Pepe and Dogecoin, predicting their upcoming price trajectories in the near future.
Max mentioned that during the last bull cycle, Shiba Inu (Beta) outperformed Dogecoin (Alpha), marking a peak in the bull cycle and indicating a potential market overheating.
The analyst noted that it’s not unusual for a Beta coin to temporarily surpass an Alpha coin. However, a significant and sustained outperformance could indicate a possible downturn.
Currently, Dogecoin is seen as the alpha coin, while Pepe is designated as the Beta coin. Following market history, Max predicts that Pepe will “flip Dogecoin” and take the lead as the top meme coin this cycle.
Max cautioned that if Pepe significantly outperforms Dogecoin, it might indicate that the bull market is close to ending, suggesting that investors should consider exiting to prevent losses. Nonetheless, he believes that both meme coins will likely rise together until that point, allowing investors to capitalize on potential gains from either Dogecoin or Pepe during this bull market. Max emphasized the importance of closely tracking Pepe’s performance compared to Dogecoin as the bull market progresses.
Forecast of a 940% Increase for PEPE
In another post on X, crypto analyst Jameson has predicted significant price hikes for Pepe and Shiba Inu this year. He suggested that Coinbase’s recent inclusion of Pepe and SHIB onto its platform may act as a positive driver for both meme coins.
He presented a price chart forecasting impressive growth, suggesting that Pepe could escalate by 942.7% from its current price of $0.00002 to $0.00019. Meanwhile, Shiba Inu may also experience a 942.7% rise, potentially reaching its previous peak of around $0.00008.
Despite his positivity about these anticipated surges for Pepe and SHIB, Jameson acknowledged that these upward movements will take time to fully materialize.