Max Schwartzman, CEO of BecauseBitcoin, shared an indication of the peak of the bull cycle, citing the performance of the largest coins Dogecoin, Shiba Inu and Pepe.
The meme coin sector has been one of the biggest stories of this bull cycle. Strong performances from Dogecoin, Shiba Inu and Pepe helped the meme sector trade at a market cap of $132 billion.
For context, Dogecoin, Pepe and Shiba Inu have jumped 221%, 125% and 53% respectively in the last 30 days. Other meme coins like Bonk and Floki Inu also performed impressively, appreciating by 124% and 81.5%, respectively.
Amid the notable bulls, BecauseBitcoin founder Max Scwartzman shared his coin play for the cycle, including a possible scenario in which Pepe overtakes Dogecoin. He also predicted how the meme sector would determine the top of the Bitcoin market.
Schwartzman shares the game of the alpha-beta cycle
In a November 23 tweetSchwartzman claimed which meme coin was alpha and beta in this bull cycle. He said that if the previous cycle was Dogecoin (alpha) against Shiba Inu (beta), this period would be the first against the third largest coin by market capitalization, Pepe.
The CEO says that Dogecoin is the alpha and Pepe the beta of this bull run, insisting that the relationship between the two tokens is the “secret sauce of crypto.” According to the analysis, Schwartzman hypothesized that Pepe will be the best performing token in the category even this cycle.
Cycle Top when Pepe returns Dogecoin
In particular, the market generally displays a interesting trend between alphas and betas and how they determine the peak of the cycle. He highlighted an event in the previous cycle as her basis for using the analogy to determine the top of the market.
THE Because Bitcoin The CEO said Bitcoin peaked during the last cycle when Shiba Inu’s market cap reversed that of Dogecoin. The expert insisted that even if betas are allowed to overthrow alphas for a short period, sustained outperformance indicates that the market is a “house of cards about to collapse.”
As a result, he insisted that he would exit the crypto market when Pepe’s market cap overthrew that of Dogecoin later in the cycle. In the meantime, he advised his huge audience to enjoy the rise, as the two chips will come together for the time being.
Pepe notably been teased carry out this cycle in an exceptional manner, with an analyst predict this will mirror the Shiba Inu explosion in 2021. The analysis follows the listing of PEPE on Coinbase and Robin Hood.
Meanwhile, PEPE is trading at $0.00002052, down 9% over the past seven days.
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