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The memecoin market has made the most of the current bull market momentum. As Bitcoin soared to $99K, noteworthy meme coins like Shiba Inu, Dogecoin, and Pepe have made significant gains. However, one such analyst has finally developed a new game-changer meme coin that can flip giants like Shiba Inu and Dogecoin. Can Pepe change the dynamics of the meme coin domain?
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Pepe Poised To Grow Bigger, Analyst Says
Each bull cycle is different in many ways. Certain coins fall while others soar to new price highs. Mark Schwartzman, the founder of Because Bitcoin, has shared one striking analysis, introducing a new contender to the domain that can flip Dogecoin and Shiba Inu.
Schwartzman took to X to share his perspective in detail, explaining the theory of alpha and beta in the cryptocurrency domain. The analyst explained how, in the last bull cycle, SHIB, which was touted as a beta, compellingly flipped Doge, an alpha meme coin. He later shared that when the phenomenon above happens, it is generally touted as overheating markets and that it is healthy for the beta to bask in the profits for some time.
“Here is some crazy alpha for you guys… I’m intentionally posting it on the weekend so only the hardest workers who are addicted to this game see it. I talk all the time about beta and alpha. The relationship between them is the secret sauce in crypto. Last cycle, when $SHIB (beta) flipped $DOGE (alpha), it was the global cycle top for $BTC (left chart). This was a very clear sign of the market getting overheated. Beta is allowed to outperform Alpha for small windows of time. But too much outperformance is a sign of a house of cards about to collapse.”
PEPE To Flip Dogecoin?
Schwartzman later shared how a similar pattern is once again emerging, and this time, it could be the new meme coin contender flipping both SHIB and Doge. The analyst then shared how Pepe can be the new alpha of the season, flipping both DOGE and SHIB in the long haul. The expert later emphasized how it’s best to exit the market when the flip happens to protect one from the repercussions of market overheating. In addition to this, Schwartzman added that investors should enjoy the ride as both tokens touch new price highs.
“On the right chart, I have DOGE MC minus PEPE MC. In terms of the “meme category” this cycle, $DOGE is your alpha, and I think $PEPE is going to be the best performing fresh memecoin this cycle (beta). When $PEPE flips $DOGE later this cycle. It’s time to get out of the market for a while. In the meantime, both will rise together, so enjoy it. But keep a close eye on what beta is doing relative to alpha. More on this later.”
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The Token’s Price Forecast for Mid-December
According to CoinCodex, Pepe may surge by 230% to hit a new price mark of $0.00006368.
“According to our current Pepe Coin price prediction, the price of Pepe Coin is predicted to rise by 230.96% and reach $0.00006368 by December 26, 2024. Per our technical indicators, the current sentiment is bullish while the Fear & Greed Index is showing 82 (extreme greed). Pepe Coin recorded 13/30 (43%) green days with 37.38% price volatility over the last 30 days. Based on the Pepe Coin forecast, it’s now a good time to buy Pepe Coin.”
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