- An expert believes that the meme coin Pepe has the potential to outperform Shiba Inu (SHIB) and Dogecoin (DOGE) during this bull cycle.
- The analyst, Mark Schwartzman, explains the theory of alpha and beta in the cryptocurrency market, where SHIB (beta) flipped DOGE (alpha) during the previous cycle, signaling market overheating.
- Schwartzman suggests that Pepe could become the new “beta” and flip both DOGE and SHIB, indicating it’s time to exit the market for a while, but also enjoying the ride as both tokens rise together.
The meme coin market has benefited greatly from the current crypto bull run. As Bitcoin reached $99K, meme coins like Shiba Inu, Dogecoin, and Pepe have seen significant gains. However, one analyst believes a new meme coin contender called Pepe could flip giants like Shiba Inu and Dogecoin.
Pepe Poised For Big Growth, Analyst Claims
According to crypto analyst Mark Schwartzman, founder of Because Bitcoin, Pepe has the potential to become the top meme coin this cycle. Schwartzman explains the theory of “alpha” and “beta” in crypto markets. Last cycle, Shiba Inu (beta) flipped Dogecoin (alpha), signaling the cycle top as the market became overheated.
Pepe – The New Alpha Set to Flip Dogecoin and Shiba Inu
Schwartzman believes Pepe will become the new alpha, flipping both Dogecoin and Shiba Inu long-term. He advises exiting positions when the flip happens to avoid fallout from an overheated market. In the meantime, both Pepe and Dogecoin should continue rising. But Pepe’s outperformance of Dogecoin will be the key indicator to watch.
Pepe Price Forecast – Over 200% Potential Surge by December
According to CoinCodex, Pepe could surge 230% to $0.000006368 by December 26th. Technical indicators are currently bullish, with extreme greed. Pepe has seen 1,330 green days in the past 30 days, with high 37.38% volatility. The forecast suggests now is a good time to buy Pepe.
Conclusion
Pepe seems well-positioned to become the top meme coin this cycle if it can outperform Dogecoin and Shiba Inu. The coming weeks will be key to watch how the three compare as the crypto bull run continues. But analysts believe Pepe has the potential to flip the two and cement itself as the new alpha meme coin.
