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.