- The Pepe / Doge pair offered interesting information compared to the same era last year.
- The Altcoin market was low – but it could be the perfect time to buy.
The market capitalization of cryptography fell 12.3% of 3.73 billions to 3.42 dollars in six weeks. The bullish conviction in November and December when Bitcoin (BTC) ran to and exceeded the $ 100,000 brand evaporated.
Source: Total on tradingView
With this loss of confidence, BTC has formed a range around the level of $ 100,000, but altcoins have lost a large percentage in the past six weeks.
Pepe (Pepe) fell 57.8% compared to its top of all time during the second week of December – but there is a chance that the same formed a background.
Pepe vs Dogecoin – February 2024 could be repeated
Source: Max on x
In an article on X (formerly Twitter), the founder of Carbitcoin Max Schwartzman noted that in 2024, the Pepe / Doge pair retests a level of key support before zooming higher.
Essentially, pepe / doge increasing the most implies that Pepe works better than Dogecoin (Doge).
In February 2024, a level of level which saw a strong pump in November saw Pepe surpassing the Doge wildly in February and March.
Schwartzman observed that such a scenario took place once again, which could lead to Pepe to make extraordinary gains in the coming weeks.
Examine the chances of an allu season
Source: Blockchain Center
Although Pepe / Doge can be down, the Altcoin market may not have done so. The legendary Altcoin season is not yet in progress, with reading at 53 years. However, it was a similar situation compared to February and March 2024.
At the time, BTC also noted impressive gains at the rear of ETF approvals, from $ 42,000 to $ 72,000 in six weeks.
Source: BTC.D on tradingView
By comparing the dominance of Bitcoin through the cycles of Bitcoin, we can see that BTC.D was at a long -term resistance.
The rejection in November which led to an alt mini-season could follow. In turn, it could help the efforts of the Bulls Pepe.
Read the PEPE price forecast (PEPE) 2025-26
As the previous year showed, BTC and Altcoins can pump higher. That it happens once again was not clear. There was much more fear on the market and a certain reluctance to “buy the decline” on social networks, because many participants believe that the cycle is finished.
It is precisely in frightening conditions that the purchase could give attractive yields, but investors must be aware of the risks – this could take place differently this time.
Notice of non-responsibility: The information presented does not constitute financial investments, exchanges or other types of advice and is only the opinion of the writer
