Meme coins like Dogecoin, Shiba Inu, Floki and PEPE have undoubtedly been one of the best and at the same time riskiest ways to make a lot of money in the crypto market in the last few years and months. But how will the landscape of meme coins change in the coming bull cycle? Two well-known crypto analysts have put forward their theses for the battle of the meme coin giants.
Dogecoin Vs PEPE: The Best Bet For The Next Cycle?
Crypto analyst Miles Deutscher is in PEPE’s ring corner. He believes PEPE will outperform the veteran meme coin DOGE in the next cycle. For this claim, Deutscher has several reasons.
First, the analyst points to the underwater thesis, which refers to the percentage of all cryptocurrency holders and their profit/loss ratio. The theory states that if a larger amount of holders is “underwater”, meaning at a loss, the selling pressure on the way up will be higher because more investors will dump their coins (at breakeven).
As Deutscher notes, fewer PEPE holders a
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