- Pepe and FLOKI exhibited similar bullish patterns on their weekly charts.
- Both to perform in the upcoming memecoin supercycle.
As a seasoned researcher with years of observing and analyzing the cryptocurrency market, I’ve seen my fair share of bull runs and bear markets. The upcoming memecoin supercycle of 2025 has me on the edge of my seat, with two intriguing contenders: Pepe [PEPE] and Floki [FLOKI].
2025 is fast approaching, and traders are getting ready for what might turn into another meme-driven market period, as tokens like Pepe [PEPE] and Floki [FLOKI] exhibit signs of possible profits.
It seems that both digital currencies are shaping up like bullish pennants, suggesting they might have imminent breakthroughs. However, the intriguing query remains: which one will outshine its counterpart? The crypto market has witnessed an increasing importance of memecoins as a thriving segment.
A bullish 2025, dubbed the ‘memecoin supercycle,’ is highly anticipated.
As an analyst, I find myself observing a bullish trend currently being spearheaded by Dogecoin [DOGE]. Coins such as Pepe and FLOKI are also making their presence felt, not too far from DOGE’s lead. The trading community is now on the hunt for coins that could potentially deliver returns before the cycle concludes.
Bullish pennant on Pepe and FLOKI
The resemblance between Pepe’s and FLOKI’s bullish pennant formations on their weekly graphs suggests a possible surge ahead once they have completed their consolidation phase by trading within increasingly narrow price bands.
As Pepe’s chart neared the peak of the pennant, it demonstrated a consistent pattern of forming higher bottoms, indicating an increasing buying interest that might trigger a burst through the resistance.
In a similar fashion, Floki’s prices displayed notable lower highs, but the fluctuations inside the pennant were less dramatic, suggesting a slower build-up period for accumulation.
Based on Pepe’s size and price fluctuations, it appeared to have a more robust setup, starting with a more pronounced initial surge prior to forming a flag or consolidation pattern.
Comparing balances and new adoption rates
At first, Pepe’s price surge stood out significantly compared to FLOKI’s, suggesting a more vigorous reaction from the market. This disparity might imply a greater possibility for a powerful breakout in Pepe’s case.
Despite FLOKI’s notable balance increase among holders with over $10 million,
Over the past month, Floki’s balance experienced a significant boost of 27.58%, suggesting either an increase in holdings or appreciation in value, according to IntoTheBlock’s analysis. (or)
Additionally, other FLOKI holders saw an increase as well, with a notable jump in the category holding between $1 million and $10 million, expanding by 4.89%.
In smaller investment categories, there were moderate rises observed. Specifically, the range of $10,000 to $100,000 grew by 2.4%, and the segment between $100,000 and $100,000 saw a rise of 2.33%.
Over the last month, Pepe’s adoption rate has been relatively consistent, hovering near 30.79%. It reached its highest point at 33.59%, but also dropped to a minimum of 26.73%, according to IntoTheBlock.
Instead of FLOKI, the adoption rate has leveled off, yet failed to keep pace with Pepe’s success. The consistent growth in Pepe’s adoption rate, even amidst price fluctuations, hints at possible future price consistency or expansion.
Realistic or not, here’s FLOKI’s market cap in PEPE’s terms
And the winner is…
As an analyst, I find myself intrigued by the growth prospects of both Pepe and FLOKI in the upcoming memecoin surge. However, given the steeper initial surge and swifter adoption rates that Pepe has demonstrated, it seems reasonable to speculate that Pepe could surpass FLOKI in terms of performance within this cycle.
If these tendencies persist, those who think Ethereum (ETH) is no longer viable might discover their assumptions were wrong, given that Pepe could be the one driving exceptional performance among cryptocurrencies.
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2024-11-10 14:15