Since the cryptocurrency market is always changing, SHIB’s standing in the emerging industry may also change. SHIB’s standing in the meme coin market may be directly impacted by an analyst’s positive thesis for PEPE.
PEPE has done significantly better than SHIB and other memecoins as of this writing. SHIB reports an 18% profit over the same period, while PEPE reports a 14% rise in only the last 24 hours and a 90% increase over the previous two weeks.
SHIB vs. PEPE: Will PEPE Coin Steal the Spotlight in the Bull Run?,SHIB vs. PEPE: Will PEPE Coin Steal the Spotlight in the Bull Run?
Should SHIB Investors Be Afraid of PEPE’s Effect?
After a successful break out above the 7730 and 8127 levels, as can be seen in the chart below, an expert thinks PEPE’s recent price action will continue past the early phases of the current Bull Cycle. The expert said:
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The analyst thinks PEPE’s rise is only getting started, though. During the bull cycle, the cryptocurrency recovered a significant region and may perhaps rise over its all-time high and into unknown territory.
Coins To Keep An Eye On In The Next Cycle
Among the cryptocurrencies the analyst is monitoring is PEPE. The trader anticipates that in the upcoming months, the NFT and staking sectors will flourish in addition to the meme coin.
APE on Apecoin and LDO on LidoDAO have been rising as a result of the market’s current positive trend. LDO alone has the potential to reach the $2 objective in the near future and keep rising, perhaps reaching $3.
Shiba Inu Faces Titanic 240 Trillion SHIB Resistance
If these markets continue to rise, other cryptocurrencies to keep an eye on are ORDI, BLUR, DOGE, ETH, and ORDI. Regarding APE, the expert said:
APA All is well thus far. Fairly robust and poised to test a significant high-timeframe resistance region. Once this is cleared, we can probably look for around $1.8. It would be beneficial if NFTs bounced as well.
SHIB vs. PEPE: Will PEPE Coin Steal the Spotlight in the Bull Run?,SHIB vs. PEPE: Will PEPE Coin Steal the Spotlight in the Bull Run?,SHIB vs. PEPE: Will PEPE Coin Steal the Spotlight in the Bull Run?, SHIB coin Crypto news, SHIB coin News