NAIROBI (CoinChapter.com)— PEPE coin seems to be replicating Dogecoin’s (DOGE) historic price trajectory, sparking speculation about a potential breakout. The meme coin, which is trading at $0.00001982 after a 1% rise in the past 24 hours, has drawn comparisons to Dogecoin’s explosive rally during its previous cycle.
Pepe’s Price Movement Mirrors Dogecoin’s Legendary Rally
Crypto analyst Max has drawn attention to the similarities between Pepe’s current price pattern and Dogecoin’s famous rally during the last market cycle. The analyst noted that PEPE is consolidating around its previous highs in a manner strikingly similar to DOGE before its meteoric rise. Calling the bears “cooked,” MaxBecauseBTC revealed he had taken a long position on PEPE.
PEPE Mirrors DOGE’s Past Bullish Cycle. Credit: Max/X
Another analyst, CryptosRus, also shared a similar sentiment, stating that if Pepe continues to follow Dogecoin’s trajectory, a major rally could be on the horizon.
Whales Make Big Moves as Traders Watch Closely
A whale recently deposited 254.65 billion PEPE coin, worth $5.15 million, into Binance. The transaction generated a $4.81 million profit within 13 hours, reflecting a 13x return. This whale currently holds about 430 billion PEPE. This is currently valued at $8.13 million, with unrealized profits of $7.74 million.
Crypto Whale Scores $4.81M Profit on PEPE. Source: X
Crypto influencer Comet, who boasts 81,000 followers, revealed that he bought 1 million PEPE coin tokens for $19. While Comet joked about becoming a millionaire if PEPE reaches $1, analysts have dismissed such projections. A $1 valuation would push PEPE’s market cap to $416.6 trillion—higher than the combined market cap of all publicly traded companies and global GDP, which stands at $105.4 trillion.
Investor Bets on $PEPE Hitting $1 Million. Source: X
Despite a 30% pullback from its November high, Pepe’s market cap remains robust at $7.6 billion. This places it among the top meme coins like Dogecoin, Floki, and Popcat. While the coin has entered a technical bear market, its ability to mimic Dogecoin’s price patterns keeps traders optimistic.
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