PEPE reproduces the glory of Dogecoin in 2021, and the reason behind it is actually like this
Max Schwartzman said that the current trend of PEPE, a meme coin, is like Dogecoin in the bull market of 2021, and he also explained in detail what happened.
Max Schwartzman, the big boss of Bitcoin, is very optimistic about PEPE. He said that PEPE is now on the bull market path of Dogecoin in 2021, and he also told us how this happened.
How did PEPE become the second Dogecoin
On the X platform, Max bluntly said that PEPE is this round of Dogecoin, because the price trends of the two of them are so similar in the bull market of 2021. He explained that when Bitcoin broke its previous historical high, those altcoins, including PEPE, were climbing higher and higher.
Dogecoin PEPE version
The boss of the cryptocurrency also said that the current PEPE is exactly the same as Dogecoin in 2021. The chart he attached shows that PEPE is replicating Dogecoin's 2021 price trend. Just like Dogecoin did at that time, PEPE also broke through, and other coins are still testing higher lows. According to his prediction, PEPE has to rise further.
This is not the first time Max has compared PEPE with Dogecoin. Last year, he said that PEPE's price trend was similar to Dogecoin's in 2020. He also predicted that if PEPE continues to follow the price of Dogecoin, it will definitely rise sharply this year.
When he made the prediction, PEPE's market value was only $600 million. Since then, this meme coin has been like a rocket, with a market value of more than $8 billion. PEPE is one of the best-performing crypto assets this year, up 1,400% so far this year. However, according to Max's latest statement, PEPE's rise may have just begun, and it will replicate Dogecoin's price trend in 2021.
PEPE is so bullish that a flag chart has appeared
On the X platform, Crypto Zeus, a cryptocurrency analyst and trader, also noticed that PEPE is now forming a "big" bull flag. This flag means that once this period of consolidation is over, PEPE may continue to rise. He also said that if the price of Bitcoin reaches a new high, PEPE will also rise.
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