The rivalry between meme coins is taking center stage once again. Max, a crypto analyst on X (formerly Twitter), has predicted a substantial price increase for Dogecoin (DOGE) and Pepe (PEPE) in the current bull cycle. The analyst has identified which popular meme coins are set to dominate the market and those worth holding for potential profits.  

Pepe To Outperform Dogecoin This Bull Market

In his X post, Max drew parallels between the performance of Dogecoin and Pepe, two of the most popular meme coins in the market. Based on past market trends and price movements, Max projected that Pepe will likely outperform Dogecoin in this bull market.

Before delving deep into his analysis, the crypto analyst revealed that he categorized meme coins by their status, referring to them as “Alpha” and “Beta,” likely based on their strong market performance and popularity. He also shared a price chart of Pepe and Dogecoin, highlighting their market movements and forecasting their future price action.  

Max disclosed that in the previous bull cycle, Shiba Inu (Beta) surpassed Dogecoin (Alpha) in performance and gains. He revealed that this development had marked the peak of the bull cycle, suggesting that the market had become overheated. 

The analyst also disclosed that it was normal for a Beta coin to surpass an Alpha coin for short periods. However, if the outperformance is too significant, it could signal an impending collapse. 

In the current bull cycle, Dogecoin is considered the alpha coin, while Pepe is identified as the Beta coin. Following previous market trends, the analyst predicts Pepe will “flip Dogecoin” and become the best-performing meme coin in this bull cycle. 

Max also proposed that if Pepe outperforms Dogecoin, it could signal that the bull market may be nearing its end, suggesting it might be time to exit the market to avoid potential losses. However, until this point is reached, both meme coins are expected to rise together, meaning investors could hold Dogecoin or Pepe for potential gains during this bull cycle. Max has also stressed the need to carefully monitor the relative performance of Pepe (Beta) to Dogecoin (Alpha) as the bull market continues.  

Analyst Predicts 940% Surge For PEPE

In another post on X, crypto analyst Jameson has projected substantial price increases for Pepe and Shiba Inu this year. The analyst suggested that Coinbase’s recent listing of Pepe and SHIB on its platform could serve as a bullish catalyst for both meme coins.

He presented a price chart that shows how much Pepe and Shiba Inu are expected to surge this cycle. Jameson has forecasted that Pepe could witness a 942.7% increase from its current price of $0.00002 to $0.00019. On the other hand, Shiba Inu could also increase by 942.7% to reach its previous all-time high of around $0.00008.

While he remains optimistic and confident about these price surges for Pepe and SHIB, Jameson has acknowledged that these bullish moves will take time to unfold fully.

Featured image created with Dall.E, chart from Tradingview.com

Crypto tokens WHY and CHEEMS garnered significant investor interest on Monday as digital asset exchange behemoth Binance issued a vital update on them. Notably, the crypto exchange revealed that it is launching USD-margined perpetual contracts for these assets, generating market optimism surrounding the coins’ future price action. However, with the coins trading in the red at the time of reporting, current investor sentiments remain uncertain despite the optimistic announcement.

Binance Unveils New Offerings For WHY & CHEEMS Sparking Discussions

Binance revealed in an official announcement on November 25 that it is launching perpetual contracts for WHY and CHEEMS on the same day. As per the announcement, the crypto exchange is launching 1000WHYUSDT perpetual contract today at 11:30 UTC. The platform’s colossal user base remains primed to enjoy up to a maximum of 75x leverage trading the asset.

Simultaneously, the announcement revealed that the exchange is launching 1000CHEEMSUSDT perpetual contract on the same date at 11:45 UTC. Users on the platform can enjoy a maximum of 75x leverage trading the asset. Further, the leading crypto exchange revealed that it would support ‘Multi-Assets Mode’ for the abovementioned assets, offering risk-reduction opportunities with better liquidation management for users. Overall, the announcement appears to have set off optimistic waves for the tokens’ future price actions, paving the way for increased money inflow with investor interaction.

How Are The Coins Performing?

Despite the optimistic futures listing announcement, the cryptos defied usual market sentiments and plunged into the red territory. WHY price tanked nearly 11% intraday and is sitting at $0.0000002554. The coin’s 24-hour low and high were $0.0000002337 and $0.0000003843, respectively.

Similarly, CHEEMS price crashed 30% intraday despite the listing to trade at $0.0000007016. Its 24-hour low and peak were $0.0000006198 and $0.000001534, respectively. Notably, these slumping actions have raised uncertain investor sentiments about the future price of the coins despite the perpetual contract launch.

Besides, it’s noteworthy that similar past chronicles were reported to have a bullish impact on tokens, adding a layer of intrigue to the matter. Solana meme coin SLERF noted a 55% uptick in its value with Binance’s futures listing.

Simultaneously, even HIPPO price soared remarkably with its futures listing on the same exchange. In light of these uncertain movements, crypto market watchers continue to monitor the tokens, being shrouded in an enigma over future movements.

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