Pepe Coin: The New Meme Coin Sensation of 2024

4 mar

Pepe coin, a meme coin that’s quickly becoming a legend in its own right, has astonishingly reached the 3B market capmark, positioning itself as the 3rd meme coin ever to achieve such a feat. This remarkable achievement comes after a staggering 400% gain in just the last week. 🔥

Currently, it stands proudly at the 40th rank by market cap and an impressive 9th rank by volume in the last 24 hours. Let’s take a closer look at Pepe coin and see why everyone’s talking about it. 👇

✅ Pepe’s Market Performance: A Quick Overview



The buzz around Pepe coin is palpable, and it’s already being hailed as one of the top meme coins of this cycle. And guess what? The real euphoria hasn’t even kicked in yet. 🔥

Pepe is coming out of the long-term accumulation range, and with the crypto market starting a new bull cycle, the momentum is going to accelerate soon. The current candles’ range and the volumes are a testament to the underlying strength.

✅ Comparative Analysis: Pepe vs. Doge

⚡️ Structural Similarities between PEPE and DOGE



If we place Pepe and Doge alongside, it’s like looking at two sides of the same coin. The market structures and fractals of Doge from 2020 to 2021 bear a striking resemblance to Pepe’s current trajectory. And what do the market gods say about history? It is often similar and repeats itself! 👀

At the moment, it looks like Pepe is right at the same stage as Doge was in 2021, when it started it’s monster rally. The momentum building up around Pepe suggests we’re just at the beginning of what could be an exhilarating euphoric phase.

⚡️ Relative Performance of PEPE and DOGE



Since there’s no symbol for PEPEDOGE, we can make a ratio chart by dividing PEPE by DOGE to make a custom symbol. Looking at the chart, Pepe has significantly outperformed Doge by over 300%. I’ve used the latest swing as a reference because it’s the most relevant point in the current scenario, as meme coins have been rallying from that point onwards.

✅ Broader Market Context

⚡️Relative Performance of DOGE and BITCOIN



We’re examining this chart to grasp how the market context is evolving. Doge has consistently been lagging behind BTC for a couple of years. Both its price and momentum are at historic lows.

However, there are early indicators suggesting a reversal and a change in trend. This implies that once the alt season kicks in, Doge will gain momentum and surpass Bitcoin. This context is crucial because it sets the stage for Pepe’s performance, suggesting that its lead over Doge could extend throughout this market cycle.

⚡️ Relative Performance of PEPE and BITCOIN



Despite Bitcoin’s dominance, Pepe has been making waves, outperforming the crypto giant and hinting at the immense potential it holds for the upcoming alt season. This strengthens the fact that once the market-wide alt rally begins, Pepe can outperform others by a huge margin.

Conclusion
Pepe coin’s journey is a fascinating tale of unexpected triumphs and the unpredictable nature of meme coins. Its rapid ascent to a 33B market cap and its standout performance in the market are clear indicators of its potential to climb even higher, possibly reaching the 50B mark or beyond.

While the crypto market is known for its volatility and surprises, Pepe coin’s current trajectory suggests that it’s on its way to becoming one of the top 10 coins in this cycle. The excitement around Pepe is undeniable, and for those of us watching, participating, or just cheering from the sidelines, it’s a reminder of the thrilling unpredictability that draws us to cryptocurrencies.

Thanks for reading. Hope you found it useful.

Let me know your thoughts in the comments. Cheers!

Disclaimer: This post should NOT be construed as investment advice and is meant for learning purposes only. Please consult your financial advisor before making any investments.