🚨🚨 Crypto Founder Shifts from Dogecoin to PEPE – Here’s Why 🚨🚨
Max’s Strategic Move: Max, the CEO of Because BTC, has announced he’s sold his Dogecoin (DOGE) holdings to invest in Pepe tokens. This decision follows a 9.8% decline in Dogecoin’s price from its recent high.
Announcement and Rationale: In a recent post on X (formerly Twitter) to his 52,200 followers, Max revealed he fully exited DOGE, shifting his investment to Pepe. His choice was based on technical analysis of the DOGE.D and PEPE.D charts, which represent the market dominance of DOGE and Pepe, respectively.
Dogecoin’s Recent Rally: Max initially invested in Dogecoin after identifying a bullish pattern on its chart, which led to a 2.15% increase in market dominance. The meme coin surged from around $0.1 in late October to $0.4 in November, marking an 80% increase in just one week—the largest gains since 2021.
Bullish Outlook for Pepe: Max’s analysis indicates a similar bullish pattern forming in the PEPE.D chart, resembling Dogecoin’s prior trajectory.
Believing Pepe’s upward momentum is just beginning, he closed his DOGE position to invest heavily in Pepe, which currently trades at $0.000012. Max predicts that Pepe could soon surpass Dogecoin as the leading meme coin, dubbing it “the new king of meme coins.”
Dogecoin’s 9% Decline: Despite a 233.47% surge in one month, Dogecoin has recently declined by 9.2% in a day, falling from $0.4 to $0.37. This drop may reflect profit-taking and market volatility.
Crypto analyst Ali Martinez noted that historically, when Dogecoin’s MVRV reaches 78%, it signals a market peak. After today’s correction, the MVRV is expected to reset to 45.65%, potentially creating room for further gains.
