cryptonewsland.com
- $PEPE leads meme coin surge, up 62.8% in 24 hours and 367.9% in 7 days.
- Analyst compares $PEPE to $DOGE, anticipates 15-20x surge.
- $DOGE is still relevant, Elon Musk card is still a factor.
In the current meme coin frenzy, $PEPE takes the lead, surging by an impressive 62.8% in the last 24 hours and marking a staggering 367.9% increase over the past 7 days. According to CoinGecko analytics, $PEPE has maintained an upward trajectory, boasting a remarkable 600% surge in the last 30 days.
Following closely is $BONK. This asset is up by 41.9% in the last 24 hours and by 208.1% in the last 30 days. Many advocate for $BONK claiming this token will steal the show this cycle as one of the latest additions to the memecoin sector.
Meanwhile, memecoin enthusiasts are lauding $PEPE, positioning it favorably against the pioneering memecoin, Dogecoin ($DOGE). Bold predictions emerge, with some asserting that $PEPE is destined to reach $1, surpassing $DOGE’s speculated fate.
Absolutely fantastic weekly close on $Pepe! It's pertinent at this juncture to ignore the LTF volatility & stay focused on the bigger picture. Monitoring the LTF will cause you to jeet prematurely before the meat of the move. Also, stop refreshing your portfolio values & ONLY… pic.twitter.com/w6YvuwAL8M
— Max (@MaxBecauseBTC) March 4, 2024
A meticulous analyst scrutinizes $PEPE’s performance, drawing parallels with $DOGE’s historic run in 2020-21. Emphasizing the significance of the bigger picture, the analyst anticipates a potential 15-20x surge, targeting the 2.618 fib extension within the next 2-5 weeks.
The comparison acknowledges variations in meme fractals but remains optimistic about $PEPE’s trajectory. Dispelling doubts about a potential fade after a new ATH, the analyst insists that $PEPE is just at the beginning of its journey. Cautioning against detractors, the call is to stay focused, emphasizing that the trade is evolving, with ongoing updates promised.
$DOGE pumping is the gateway to bringing new market participants back into crypto
— Johnny (@CryptoGodJohn) March 3, 2024
And… Elon hasn’t even started shilling it yet
Amid the $PEPE surge, a prominent trader issues a reminder that $DOGE remains a significant player. Asserting that $DOGE’s pump serves as a catalyst for reintroducing new participants to the crypto market, the trader contends that $DOGE’s influence is instrumental in triggering pumps across various assets.
In other words, he is saying that $DOGE walked so $PEPE could run and $DOGE is still in the play. The statement concludes with a nod to Elon Musk’s potential involvement, suggesting that $DOGE’s real pump might be yet to come.