• Advertise
  • Submit a Press Release
  • About Us
NewsBTC

Bitcoin & cryptocurrency news

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
      • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • CasinosTry
  • Play GamesTry
  • Play Casino GamesTry
  • Best Crypto CasinoTry
No Result
View All Result
Breaking News: Ethereum Price Cracks Above $2,000 As BlackRock Eyes ETH ETF
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
      • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • CasinosTry
  • Play GamesTry
  • Play Casino GamesTry
  • Best Crypto CasinoTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Ethereum Price Cracks Above $2,000 As BlackRock Eyes ETH ETF
Shiba Inu SHIB SHIBUSDT PEPE Price PEPEUSDT

SHIB Will Lose Place To PEPE In New Bull Cycle, Analyst Makes The Case

Reynaldo Marquez by Reynaldo Marquez
1 month ago
in Shiba Inu
Reading Time: 2 mins read

The crypto market is constantly in motion; there is a potential shift in SHIB and its position in the nascent sector. An analyst presented a bullish case for PEPE, which could directly impact SHIB’s position in the meme coin market.

Related Reading: Top 3 XRP Developments You Should Be Aware Of That Could Boost Price

As of this writing, PEPE has considerably outperformed SHIB and other memecoins. PEPE records a 14% increase in the last 24 hours alone and a 90% increase over the past two weeks, while SHIB records an 18% profit over the same period.

Shiba Inu SHIB SHIBUSDT
SHIB’s price trends to the upside on the 4-hour chart. Source: SHIBUSDT on Tradingview

SHIB Investors Should Fear PEPE’s Impact?

An analyst believes that PEPE’s current price action will extend beyond the early stages of the current Bull Cycle, following a successful break out beyond the 7730 and 8127; as seen in the chart below, the cryptocurrency hit a critical resistance level. The analyst stated:

$PEPE That was a quick move upon retaking the range. First target at 10800 reached but ultimately I am holding a spot bag of this for the cycle to come. Still stand by the idea that $PEPE will be this cycle’s $SHIB.

SHIB PEPE SHIBUSDT PEPEUSDT SHIB Price PEPE Price
PEPE’s levels to watch as the cryptocurrency trends to the upside. Source: DaanCrypto on X

However, the analyst believes that PEPE’s rally is barely starting. The cryptocurrency reclaimed an important area and could continue to climb beyond its all-time high and into uncharted territory during the bull cycle.

Altcoins To Watch In Upcoming Cycle

PEPE is one of the altcoins the analyst is keeping an eye on. In addition to the meme coin, the trader expects the NFT and staking sectors to bloom in the coming months.

Apecoin’s APE and LidoDAO’s LDO have been rallying due to the current bullish momentum in the market. LDO alone could hit the $2 target in the short term and continue its run higher into the $3 territory.

Other cryptocurrencies to watch if these sectors trend to the upside are ETH, DOGE, BLUR, and ORDI. On APE, the analyst stated:

APE So far so good. Pretty strong and about to test an important high timeframe resistance area. Clear this and I think we can look for ~$1.8 next. If NFTs bounce as well that would help this.

Related Reading: Still Not Bullish On Solana? 4 New Reasons Why You Should Be

As of this writing, APE is trading at $1.3 with a 25% profit in the past two weeks.

SHIB price SHIBUSDT PEPE APE LDO
APE’s trajectory hints at further profits. Source: DaanCrypto on X

Cover image from Unsplash, chart from Tradingview

Tags: PEPEPEPE pricePEPE price analysisPEPEUSDTSHIBSHIB priceSHIB price analysisShiba InuSHIBUSDT
Tweet123Share196ShareSend
Reynaldo Marquez

Reynaldo Marquez

Reynaldo is a journalist at NewsBTC with a passion for crypto. He has worked in the space since 2018, and interviewed industry leaders, and written about the ways crypto can impact society and the global economy. In his free time, Reynaldo enjoys weightlifting and reading. He sees crypto as the future of finance and seeks opportunities to learn and grow as a trader.

Related Posts

Shiba Inu Shibarium SHIB BONE

Shibarium Transactions Sees 4,400% Explosion, Time For SHIB And BONE ATH?

59 mins ago
Shiba Inu

Shiba Inu Ripple: Massive $300 Billion Transfer Sends Crypto Community Into Speculation

7 hours ago
Shiba Inu Shibarium burn

Shiba Inu L2 Shibarium Crosses 4 Million Transactions As Burn Rate Explodes

24 hours ago
Shiba Inu

Shiba Inu Burn Rate Skyrockets Close To 500,000% in 24 Hours

3 days ago
Shiba Inu SHIB founder

Shiba Inu Community Project Calls Out Founders For Refusing To Burn 103 Trillion SHIB

1 week ago
Shiba Inu Shibarium

Shibarium Transactions Spike 288%, But Why Is Shiba Inu Price Down Today?

1 week ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit
Inmerion

Inmerion

Review · Visit

Press Releases

  • GoMining Unveils The West NFT Collection

    1 hour ago
  • Where to Invest in Crypto? Experts Highlight Top Picks...

    3 hours ago
  • Investors’ New Favorite: BorroeFinance Surges Past...

    4 hours ago
  • Maximizing Profits in Forex: Raw Spread Forex Brokers’...

    5 hours ago
  • Rebel Satoshi’s Next Stage Excites Market: A Fresh...

    5 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
      • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Casinos
  • Play Games
  • Play Casino Games
  • Best Crypto Casino

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.