Shiba Cycle Analyst Shares: Better to Buy PEPE Now
Shiba Cycle Analyst Shares: Better to Buy PEPE Now
In the 2021-2022 bull market cycle, Shiba Inu made waves with a 1,000,000% rally. Now, analyst Rexha shares why PEPE could be the next big thing, calling it the Shiba Inu of this cycle.
Why PEPE Is the Next Big Thing
Rexha draws a parallel between the SAFEMOON and active Solana traders chart, showing a similarity between the two. 36,000% rally of Dogecoin and 1,000,000% rally of Shiba Inu have led investors to search for the next big thing.
Return to Quality
Rexha expects traders to move back to the meme coin that started it all, and that is PEPE in this place, predicting a second run similar to Shiba Inu's.
Understanding the Meme Coin Market
The move to the Solana blockchain was the result of traders trying to chase new runners on a cheap and fast chain. However, with the advent of projects such as PumpFun, the Solana 'trenches' have now mostly died out.
Warning Signs
Rexha warns that with PEPE's second run, traders will be lured back in with the hopes of having another run on other blockchains, such as a PumpFun V2.
Key Takeaways
- PEPE could be the next big thing in the meme coin market.
- Rexha predicts a second run similar to Shiba Inu's.
- Traders should be careful when engaging with meme coins.
- The meme coin market is expected to return to quality on the Ethereum blockchain.
Frequently Asked Questions
What is the current state of the meme coin market?
The current state of the meme coin market is expected to return to quality on the Ethereum blockchain, with PEPE being a potential leader.
How can traders navigate the meme coin market safely?
Traders should be careful when engaging with meme coins and do their own research before investing, as the market can be volatile and prone to scams.
