The Potential Impact of PEPE on SHIB Investors
Currently, PEPE is outperforming SHIB and other meme coins. In the past 24 hours, PEPE has seen a 14% increase, while SHIB has only recorded an 18% profit over the same period. This performance has led an analyst to present a bullish case for PEPE, suggesting that it could directly impact SHIB’s position in the meme coin market.
The analyst believes that PEPE’s current price action will extend beyond the early stages of the Bull Cycle. They point to a successful breakout beyond key resistance levels, indicating that PEPE’s rally may just be getting started. They even compare PEPE to SHIB, suggesting that it could be this cycle’s equivalent.
Altcoins to Keep an Eye On
In addition to PEPE, the analyst is also keeping an eye on other altcoins in different sectors. They expect NFTs and staking to thrive in the coming months. Apecoin’s APE and LidoDAO’s LDO have already been rallying due to the current bullish momentum. The analyst believes that LDO could hit $2 in the short term and continue climbing higher into the $3 territory.
If these sectors continue their upward trend, other cryptocurrencies like ETH, DOGE, BLUR, and ORDI are worth watching as well. The analyst specifically mentions APE as a strong performer, currently trading at $1.3 with a 25% profit in the past two weeks.
Hot Take: The Growing Influence of PEPE
With its impressive performance and potential for further growth, PEPE is emerging as a strong contender in the meme coin market. Its recent breakout and bullish price action have caught the attention of analysts who believe that it could surpass SHIB in the current Bull Cycle. As the crypto market continues to evolve, investors should keep a close eye on PEPE and its impact on the overall landscape.
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