They Will ‘Bleed Against Pepe’ By Benzinga

Benzinga – Max Schwartzman, CEO of BecauseBitcoin, a Bitcoin-oriented information web site, predicts Pepe (CRYPTO: PEPE) to outperform its larger memecoin rivals based mostly a on technical evaluation of their buying and selling pairs.

What Occurred: Schwartzman took to X, previously Twitter, to share his evaluation, saying he’s “thrilled” for the Dogecoin (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB), Bonk (CRYPTO: BONK) and Floki Inu (CRYPTO: FLOKI) communities.

“Benefit from the pump,” Schwartzman stated, whereas predicting additional upside. Nonetheless, he cautioned that each one 4 memecoins are like registering “useless cat bounces” when charted in opposition to Pepe.

In response to Schwartzman, they’ve misplaced help and are coming again to retest the “complacency shoulders.” Whereas he thinks “every thing will pump,” he stated sees Pepe outperforming its rivals:

Learn Additionally: If You Invested $100 In Dogecoin When Elon Musk First Tweeted About The Memecoin, Here is How A lot You’d Have As we speak

Why It Issues: Pepe has been one of many leaders within the current memecoin rally, registering a 260% weekly achieve, per CoinMarketCap knowledge. That outperformed the already spectacular 68% and 125% weekly rallies of Dogecoin and Shiba Inu, respectively.

Bonk, which Pepe surpassed throughout this rally to turn into a high 3 memecoin, noticed a 120% rally, whereas the smaller Floki Inu gained 240%.

Pepe has already damaged its earlier Might 2023 all-time excessive in greenback phrases, however merchants consider it is not completed but.

Closely-followed pseudonymous dealer Kaleo thinks Pepe may even attain an all-time excessive priced in ETH:

Count on $PEPE to at the very least attain its ATHs by way of ETH on this transfer.

This transfer is not practically completed but. pic.twitter.com/EcBDQFxEGM

— Okay A L E O (@CryptoKaleo) March 1, 2024

Altcoin Sherpa, one other pseudonymous dealer, sees Pepe as one of many leaders of the rally, saying, “leaders will maintain main.”

Whereas the market capitalizations of Dogecoin (10X) and Shiba Inu (6X) considerably exceed that of Pepe, it’s price noting that the latter has not been but listed for spot buying and selling on Coinbase, which can point out additional progress potential.

What’s Subsequent: With Bitcoin surging on ETF inflows and sovereign debt considerations, an finish of the memecoin rally will doubtless rely upon how a lot increased this Bitcoin rally can go.

Learn Subsequent: Dogecoin, Shiba Inu Left In The Mud As Robinhood Europe Itemizing Catapults Dogwifhat 28% Larger To Attain $1B Market Cap

Picture: Shutterstock

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