Max Schwartzman, the CEO of crypto analysis platform Because Bitcoin, has drawn similarities between meme coins Dogecoin (DOGE) and PEPE. If history is to repeat itself, then a price breakout could be on the horizon for PEPE.
PEPE Sharing A Similar Pattern As DOGE In 2020
In a post on his X (formerly Twitter) platform, Schwartzman drew the crypto community’s attention to “some striking similarities” between PEPE in 2023 and DOGE in 2020. From the accompanying chart that he shared, one could see that PEPE’s price movement in 2023 is identical to DOGE’s in 2020.
If PEPE is to continue moving in a similar pattern, then the meme coin’s price could break out in 2024. PEPE’s price has been consolidating since November, just like DOGE’s price did between May 2020 and the new year before it rose to its all-time high of $0.7 in May 2021. DOGE surged by over 26,000% to hit that price level.
Therefore, there is the possibility that 2024 could be PEPE’s breakout year, in whic
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