SHIB Will Lose Place To PEPE In New Bull Cycle, Analyst Makes The Case

Name	Symbol	Market	Market Cap ($)	Algorithm
SHIBA INU	SHIBUSD	Crypto	11,196,336,592	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

SHIBA INU

SHIBUSD

Crypto

11,196,336,592

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.00000100	5.26%	0.00002	0.00002	0.00002

Price Change

Price Change %

Current Price

Bid Price

Offer

0.00000100

5.26%

0.00002

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.00002	0.000018	0.00002	0.000019	0.00000662 - 0.000048

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.00002

0.000018

0.00002

0.000019

0.00000662 - 0.000048

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	17:55:12	129,553.00	0.00002	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

17:55:12

129,553.00

0.00002

USD

Price x Volume	Volume	Base Symbol	Related Pairs
47,317,842.33	220,975,051,378.33	SHIB	SHIBEUR	SHIBGBP	SHIBBTC

Price x Volume

Volume

Base Symbol

Related Pairs

47,317,842.33

220,975,051,378.33

SHIB Will Lose Place To PEPE In New Bull Cycle, Analyst Makes The Case

26/10/2023 3:00pm

NEWSBTC

The crypto market is constantly in motion; there is a potential shift in SHIB and its position in the nascent sector. An analyst presented a bullish case for PEPE, which could directly impact SHIB’s position in the meme coin market. Related Reading: Top 3 XRP Developments You Should Be Aware Of That Could Boost Price As of this writing, PEPE has considerably outperformed SHIB and other memecoins. PEPE records a 14% increase in the last 24 hours alone and a 90% increase over the past two weeks, while SHIB records an 18% profit over the same period. SHIB Investors Should Fear PEPE’s Impact? An analyst believes that PEPE’s current price action will extend beyond the early stages of the current Bull Cycle, following a successful break out beyond the 7730 and 8127; as seen in the chart below, the cryptocurrency hit a critical resistance level. The analyst stated: $PEPE That was a quick move upon retaking the range. First target at 10800 reached but ultimately I am holding a spot bag of this for the cycle to come. Still stand by the idea that $PEPE will be this cycle’s $SHIB. However, the analyst believes that PEPE’s rally is barely starting. The cryptocurrency reclaimed an important area and could continue to climb beyond its all-time high and into uncharted territory during the bull cycle. Altcoins To Watch In Upcoming Cycle PEPE is one of the altcoins the analyst is keeping an eye on. In addition to the meme coin, the trader expects the NFT and staking sectors to bloom in the coming months. Apecoin’s APE and LidoDAO’s LDO have been rallying due to the current bullish momentum in the market. LDO alone could hit the $2 target in the short term and continue its run higher into the $3 territory. Other cryptocurrencies to watch if these sectors trend to the upside are ETH, DOGE, BLUR, and ORDI. On APE, the analyst stated: APE So far so good. Pretty strong and about to test an important high timeframe resistance area. Clear this and I think we can look for ~$1.8 next. If NFTs bounce as well that would help this. Related Reading: Still Not Bullish On Solana? 4 New Reasons Why You Should Be As of this writing, APE is trading at $1.3 with a 25% profit in the past two weeks. Cover image from Unsplash, chart from Tradingview

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

SHIBUSD SHIBA INU