Analyst Predicts Potential Breakout For Pepe Coin With $1B+ Market Cap In Sight: 'Breakout Has Barely Started'
Portfolio Pulse from Mehab Qureshi
A pseudonymous analyst, Kaleo, predicts a potential breakout for Pepe Coin (CRYPTO: PEPE), with its market cap potentially surpassing $1 billion. The current market cap of PEPE is $525 million. The analyst compares this to previous cycles of Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), which reached market caps of $80 billion and $40 billion respectively. Kaleo also anticipates a quick dip before an explosive price rise.
August 14, 2023 | 11:06 am
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NEUTRAL IMPACT
Dogecoin is mentioned as a comparison for the potential growth of Pepe Coin.
Dogecoin is mentioned as a comparison for the potential growth of Pepe Coin, but there is no direct impact on the price of DOGE based on this news.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 50
NEUTRAL IMPACT
Shiba Inu is mentioned as a comparison for the potential growth of Pepe Coin.
Shiba Inu is mentioned as a comparison for the potential growth of Pepe Coin, but there is no direct impact on the price of SHIB based on this news.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 50
POSITIVE IMPACT
Pepe Coin is predicted to have a potential breakout, with its market cap potentially surpassing $1 billion. A quick dip is expected before a price rise.
The analyst's prediction of a potential breakout for Pepe Coin, along with a comparison to previous cycles of other cryptocurrencies, suggests a positive short-term impact on the price of PEPE.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100