Max, founder of BecauseBitcoin, predicts more bullish price action for Pepe (CRYPTO: PEPE) and Dogecoin (CRYPTO: DOGE).
What Happened: MaxBecauseBTC shared insights on the recent performance of Pepe and Doge in a tweet on Thursday, noting that Pepe, which has been on his radar since the fourth quarter of 2023, is performing as expected.
He detailed his rationale for holding Pepe, stating that it trades well against Doge. He emphasized, "If your meme coin isn't outperforming the Original (OG) meme coin, there is no point in holding it. Doge is safer."
He also expressed optimism about Dogecoin, predicting it is poised for a "hold and rally" after its first high timeframe (HTF) pullback from a 500+ day bear market re-accumulation range. He sees Dogecoin “primed for higher,” suggesting that means Pepe is “on a moon mission.”
Why It Matters: While Dogecoin is down 28.3% month-over-month Pepe is up 5%. IntoTheBlock data shows a 23.7% surge in Pepe's large transaction volume in the past 24 hours, while daily active addresses increased by 9.9%. Dogecoin's large transaction volume decreased by 17.9%, while daily active addresses increased by 2.5%.
MaxBecauseBTC’s bullish stance on Pepe and Doge comes as these meme coins continue to gain traction in the crypto market.
His tweet also underscores the importance of studying market trends and patterns. He urged his followers to study his Pepe chart, emphasizing the need for informed investment decisions in the volatile crypto market.
Price Action: At the time of writing, DOGE is trading at $0.1325, up 0.7% over the past 24 hours. PEPE is trading at $0.0000057623, up 2.5%.
What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image: Shutterstock
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