Which Meme Coin Will Perform Better Next Cycle: Dogecoin or PEPE?

As the crypto market enters the next bull cycle, the landscape of meme coins is poised for a significant transformation. According to two prominent crypto analysts, the battle of meme coin giants will intensify as new contenders emerge, challenging the dominance of coins like Dogecoin and Shiba Inu.

While the potential for substantial gains remains, investors must navigate the increasing volatility and evolving dynamics of this uniquely entertaining corner of the cryptocurrency world.

Is Dogecoin or PEPE the Cheapest Cryptocurrency to Invest in the Coming Cycle?

Crypto analyst Miles Deutscher stands firmly in PEPE’s corner, convinced it will outshine the veteran meme coin DOGE in the upcoming cycle. With many compelling reasons supporting his claim, Deutscher’s optimism about PEPE’s success remains unwavering.

The analyst highlights the significance of the “underwater” thesis, which examines the profit/loss ratio among cryptocurrency holders.

According to this theory, more holders experiencing losses will increase selling pressure as they strive to break even, potentially impacting the market on its way up. Understanding this dynamic provides valuable insights into market behavior and investor sentiment.

According to Deutscher, PEPE holders face fewer losses than Dogecoin holders, reducing selling pressure during upward trends. Additionally, PEPE requires lower multiples to reach its previous peak, merely 2.8 times the current value, whereas Dogecoin necessitates a 12-fold increase. These factors suggest a potentially smoother and faster recovery for PEPE holders in the market.

The Refreshing Appeal and Liquidity Advantage: A Compelling Argument for PEPE, According to Deutscher:

People are more fatigued with the DOGE meme, Pepe feels fresher and generally more organic/liked as a meme.

Furthermore, the significant difference in market capitalization allows for a smaller investment to exert a more substantial impact on the value of the frog coin, making it highly susceptible to price manipulation compared to DOGE.

Diverging Theories: Dogecoin or Pepecoin? Analyst @Tree_of_Alpha Predicts Dogecoin Investors to Secure Bigger Profits in the Next Cycle:

I’m bearish on all already-trading memecoins vs Doge.
Imo there’s two:
-the OG one (DOGE)
-everything else

Investing in copycats isn’t worth it when they’re no longer of the moment, according to the analyst:

Shib, Pepe, Floki, etc., all bound to trend to 0 on Doge ratio.

DOGE’s Proof of Work (PoW) Mechanism and Regulatory Shield

Deutscher finds the thought experiment to be exceptionally intriguing, showcasing its intellectual appeal. When discussing the Tree of Alpha, he emphasized that DOGE presents an array of additional justifications.

Notably, being the pioneer meme coin, DOGE’s adoption of Proof of Work (PoW) as its underlying mechanism shields it from potential regulatory actions by the US Securities and Exchange Commission (SEC)

Additionally, Dogecoin was introduced in 2013

It’s even older than Tether. PEPE is still an unknown

PEPE has soared by an impressive 71.4% in the past week, outperforming DOGE’s modest 7.3% gain. However, DOGE faces the critical challenge of surpassing the $0.069 resistance level to prevent potential downward price exploration.

The recent surge in PEPE’s price can be attributed to the growing popularity of the coin. On the other hand, DOGE is facing strong resistance at the $0.069 level, which could cause the coin to dip if it cannot overcome it.