PEPE’s Structure Similar To Dogecoin’s 2021 Bull Cycle, Says Analyst Who Sees ‘Unlimited’ Potential For The Frog-Themed Crypto

A widely followed cryptocurrency commentator made a bold prediction about the potential of the frog-themed token Pepe (CRYPTO: PEPE) on Sunday, likening its structure to that of Dogecoin (CRYPTO: DOGE) during the 2021 bull market.

What Happened: Iyx, known for studying chart patterns of popular meme coins, said that the potential of PEPE’s next move is “unlimited,” drawing a parallel with Dogecoin’s explosive run to $90 billion market valuation in 2021.

The commentator said that Bitcoin reaching $150,000 will infuse significant liquidity in the market, enabling “massive” pumps for top-tier coins like PEPE.

“PEPE might be the first meme to hit $100 billion valuation on his first cycle,” Iyx projected.

Full story available on Benzinga.com