A popular crypto analyst, Altcoin Sherpa, is predicting a significant price jump for Pepe (PEPE), a meme coin similar to Dogecoin and Shiba Inu. He believes PEPE is poised for a doubling in price.
PEPE’s Price Prediction
Sherpa points to a past price pattern as the basis for his prediction. He claims PEPE followed a three-month consolidation period in late 2024, followed by a strong price increase. He sees a similar pattern forming now and expects a minimum 2x price increase from its current low. At the time of writing, PEPE is trading at $0.00000884, already up 23% in the last week.
A New Crypto Cycle?
Sherpa also shared his thoughts on the current crypto market. He dismisses the idea of traditional “altcoin seasons,” suggesting instead that the market now operates in shorter cycles of a few months of gains followed by a period of price stagnation or decline.
Bitcoin’s Role and Buying Opportunities
According to Sherpa, Bitcoin’s price staying above $90,000 is a positive sign for altcoins. He views any dips as buying opportunities, encouraging investors not to panic if altcoins drop by 20%, suggesting they should consider buying more during such dips.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
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