The competition between meme coins is becoming the focus once again. Max, a crypto analyst on X (formerly Twitter), has predicted that the prices of Dogecoin (DOGE) and Pepe (PEPE) will rise significantly in the current bull cycle. The analyst has identified which popular meme coins will dominate the market and which coins are worth holding for potential profits.
Pepe will outperform Dogecoin in this bull market.
In his X post, Max compared the performance of Dogecoin and Pepe, two of the most popular meme coins in the market. Based on market trends and past price volatility, Max predicts that Pepe is likely to outperform Dogecoin in this bull market.
Before delving into his analysis, the crypto analyst revealed that he categorized meme coins based on their status, labeling them as "Alpha" and "Beta", which could be based on strong market performance and their level of popularity. He also shared price charts for Pepe and Dogecoin, highlighting their market fluctuations and forecasting their future price actions.
Max revealed that in the previous bull cycle, Shiba Inu (Beta) outperformed Dogecoin (Alpha) in terms of performance and gains. He disclosed that this development marked the peak of the bull cycle, indicating that the market had become too hot.
The analyst also revealed that it is normal for a beta coin to surpass an alpha coin in a short time. However, if the outperformance is too significant, it may signal an impending collapse.
In the current bull market cycle, Dogecoin is considered the alpha coin, while Pepe is identified as the beta coin. According to previous market trends, the analyst predicts that Pepe will "overthrow Dogecoin" and become the best-performing meme coin in this bull cycle.
Max also suggested that if Pepe outperforms Dogecoin, this could signal that the bull market may be nearing its end, indicating it may be time to exit the market to avoid potential losses. However, until that point is reached, both meme coins are expected to rise together, meaning investors can hold Dogecoin or Pepe for potential gains in this bull cycle. Max also emphasized the need to carefully monitor the relative performance of Pepe (Beta) against Dogecoin (Alpha) as the bull market continues.
The analyst predicts PEPE will rise by 940%
In another post on X, crypto analyst Jameson predicted significant price increases for Pepe and Shiba Inu this year. The analyst suggested that Coinbase listing Pepe and SHIB on its platform recently could act as a bullish catalyst for both meme coins.
He presented a price chart showing how much Pepe and Shiba Inu are expected to rise in this cycle. Jameson forecasted that Pepe could see a 942.7% increase from the current price of $0.00002 to $0.00019. On the other hand, Shiba Inu could also rise by 942.7% to reach its previous all-time high of around $0.00008.
While remaining optimistic and confident about this price surge of Pepe and SHIB, Jameson acknowledged that these bullish moves will take time to fully materialize.