Crypto Expert Shares Insights on PEPE’s Performance
In a recent tweet on Thursday, crypto expert MaxBecauseBTC shared insights into the performance of Pepe and Dogecoin.
He highlighted Pepe’s performance, which has been on his radar since the fourth quarter of 2023, noting that it is meeting his expectations.
MaxBecauseBTC explained his rationale for holding Pepe, emphasizing its favorable trading dynamics against Dogecoin. He stressed the importance of meme coins outperforming the original meme coin, Dogecoin, to justify holding them, considering Dogecoin’s perceived safety.
Pepe/Doge just made a new ATH! Overall, the $Pepe play that we've been riding & tracking since Q4, 2023 is playing out perfectly.
Why do we hold $Pepe?… because it pair trades well against $Doge. If your meme coin isn't outperforming the OG meme coin, there is no point in… pic.twitter.com/HFJbskey9c
— Max (@MaxBecauseBTC) May 2, 2024
Moreover, MaxBecauseBTC expressed optimism regarding Dogecoin’s future, foreseeing a “hold and rally” scenario after its first high timeframe pullback from a 500+ day bear market re-accumulation range. He believes Dogecoin is “primed for higher,” suggesting Pepe’s performance indicates a bullish trajectory.
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While Dogecoin experienced a 28.3% decline month-over-month, Pepe saw a 5% increase. Data from IntoTheBlock reveals a notable 23.7% surge in Pepe’s large transaction volume over the past 24 hours, alongside a 9.9% rise in daily active addresses. Conversely, Dogecoin’s large transaction volume decreased by 17.9%, with a 2.5% increase in daily active addresses.
MaxBecauseBTC’s positive outlook on Pepe and Dogecoin reflects the growing interest in these meme coins within the crypto market. He emphasized the importance of analyzing market trends and patterns, encouraging followers to study his Pepe chart for making informed investment decisions amid crypto market volatility.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
