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Max Schwartzman, the CEO of BecauseBitcoin, has shared an indication of the bull cycle’s peak, citing the performance of the largest meme coins Dogecoin, Shiba Inu and Pepe.
The meme coin sector has been one of the standout narratives in this bull cycle. Strong performances from Dogecoin, Shiba Inu, and Pepe have seen the meme sector trade at a market cap of $132 billion.
For context, Dogecoin, Pepe, and Shiba Inu have respectively surged 221%, 125%, and 53% in the past 30 days. Other meme coins like Bonk and Floki Inu have also performed impressively, appreciating 124% and 81.5%, respectively.
Amid the notable upticks, BecauseBitcoin founder Max Scwartzman has shared his meme coin play for the cycle, including a possible scenario where Pepe will outpace Dogecoin. He also predicted how the meme sector will determine Bitcoin’s market top.
Schwartzman Shares Alpha-Beta Cycle Play
In a Nov. 23 tweet, Schwartzman asserted which meme coin was alpha and beta in this bull cycle. He stated that while the previous cycle was Dogecoin (alpha) against Shiba Inu (beta), this period would be the former against the third-largest meme coin by market cap, Pepe.
The CEO asserts that Dogecoin is the alpha and Pepe the beta for this bull run, insisting that the relationship between the two tokens is the “secret sauce in crypto.” Per the analysis, Schwartzman speculated that Pepe will be the best-performing token in the meme category this cycle.
Cycle Top When Pepe Flips Dogecoin
Notably, the market typically shows an interesting trend between alphas and betas and how they determine the cycle top. He pointed to an occurrence in the previous cycle as his basis for using the analogy to determine the market top.
The BecauseBitcoin CEO stated that Bitcoin peaked last cycle when Shiba Inu’s market cap flipped Dogecoin’s. The expert insisted that although betas are allowed to topple alphas for a short time, sustained overperformance signals the market is a “house of cards about to collapse.”
As a result, he insisted he would leave the crypto market when Pepe’s market cap flipped Dogecoin’s later in the cycle. In the meantime, he advised his massive audience to enjoy the ride up, as both tokens would surge together for now.
Notably, Pepe has been teased to perform outstandingly this cycle, with an analyst predicting it will mirror Shiba Inu’s 2021 explosion. The analysis came following PEPE’s listing on Coinbase and Robinhood.
In the meantime, PEPE trades at $0.00002052, down 9% in the past seven days.