A Crypto Trader Prefers DOGE Rival Pepe
A well-known crypto trader, Altcoin Sherpa, is expressing bearish sentiment on Dogecoin (DOGE) and believes that the memecoin Pepe (PEPE) is a better buy. Altcoin Sherpa explains that Dogecoin is currently high up in terms of market cap and exhibits bearish price action. Meanwhile, Pepe has shown significant growth, with a market cap of just under $473 million and a price increase of around 1,845% since April 19th. Altcoin Sherpa predicts that Dogecoin could potentially drop by around 21% from its current level. However, he believes that Dogecoin still has the potential to pump eventually, although its high market cap makes it different from before.
Key points:
– Altcoin Sherpa prefers Pepe over Dogecoin due to its promising growth.
– Pepe has a market cap of just under $473 million and a significant price increase since April 19th.
– Dogecoin is exhibiting bearish price action and could potentially drop by around 21%.
– Altcoin Sherpa believes that Dogecoin still has the potential to pump eventually, but its high market cap makes it different from before.
Hot Take
Altcoin Sherpa’s bearish sentiment on Dogecoin and preference for Pepe highlights the volatility and potential opportunities in the crypto market. While Dogecoin has been popular and experienced significant growth, it is important for crypto readers to consider other cryptocurrencies that may offer better prospects. The market cap and price action are crucial factors to examine when making investment decisions. As the crypto market continues to evolve, it is essential to stay informed and explore different options for potential gains.
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