We will look at the analysts’ evaluations for PEPE and 5 altcoins. Analysts are expecting an uptrend. Let’s look at the details.
Bullish prospect for PEPE and altcoins
Miles Deutscher made important statements in a recent analysis. Accordingly, altcoin DOGE announced that it is bullish on SHIB, PEPE, and FLOKI. According to Deutscher, PEPE could be the best performing meme coin in the next few months. The analyst predicted that SHIB’s effort to become an ecosystem could give investors a lot to look forward to.
Analyst Miles Deutscher shared the tips in a YouTube video uploaded in the last 24 hours. Accordingly, he shared which meme coins are on the rise. In the analysis, altcoin Shiba Inu (SHIB) revealed that it is bullish on FLOKI, Pepe (PEPE) and Dogecoin (DOGE). It has also ranked meme coins based on their potential gains in the next few months.
Altcoin PEPE needs to be followed
In his analysis, Deutscher ranks altcoin PEPE as the meme coin to watch. In addition, DOGE took the number 2 position in the list. Finally, FLOKI and SHIB took 3rd place. Deutscher’s rise in PEPE is because the project team believes its timing to market is perfect. In addition, the analyst noted that the meme coin has a strong community.
According to Deutscher, altcoin PEPE suddenly appeared and saw its price rise significantly. However, there is an important sign of the project’s potential. It is how owners react when the price of the cryptocurrency drops. The analyst points out that there were large sales after PEPE’s first major rally. However, he stressed that he still has 100,000 owners.
Altcoin DOGE and FLOKI
Meanwhile, Deutscher noted that DOGE, the largest meme coin by market cap, needs to overcome a lot of selling pressure. This is because most of its current holders have purchased the meme coin while its price was trading significantly higher. As a result, any increase by altcoin DOGE can be seen as an opportunity by these investors to minimize the losses incurred.
As for FLOKI, the meme coin performed well in the previous bull run due to its strong marketing campaign and community. Deutscher expects a rise in the cryptocurrency. However, he does not believe he will repeat the impressive performance he showed in the previous bull cycle. However, Elon Musk’s dog got its name from the meme coin. Therefore, the analyst predicted that the price of FLOKI would rise every time Musk shared a photo of himself and his dog on social media.
Expectation for altcoin SHIB
Altcoin SHIB investors, on the other hand, have a lot to look forward to given the fact that the project aims to become more than just a meme coin by building its own ecosystem. The SHIB team is building a metaverse and Layer-2 blockchain, bringing more benefits to the project. However, Deutscher does not anticipate that this will be the best performing meme coin. The analyst added that the only motivation behind this is that SHIB is ranked very high in terms of market capitalization.
Expectations for APTOS price
The number of active altcoin APT addresses reached 182,000 yesterday. Chain data shows that 94,000 new accounts have been created in the last 48 hours alone. A technical pattern on APT’s daily chart showed that a price breakout could be on the horizon. This increase in new APT owners may be linked to the integration of Chingari, a popular social media app in India.
Meanwhile, CoinMarketCap shows that the altcoin’s price has increased by 0.74% over the past 24 hours. As a result, APT was changing hands at $7.68 at the time of writing. The cryptocurrency also gained against market leaders Bitcoin (BTC) and Ethereum (ETH). Accordingly, it strengthened by 0.48% and 1.67%, respectively. This means that 1 APT is worth 0.0002567 BTC and 0.004097 ETH.
Bullish prospects for ADA
Altcoin ADA price is down 0.67% in the last 24 hours to trade at $0.313. Bullish patterns have formed on ADA’s 4-hour and daily charts. If the chart patterns are confirmed, the price of ADA could rally to $0.3663 in the next few weeks.
Tesla’s CEO, Elon Musk, recently made an unexpected statement about HEX. It all started when a Twitter user responded to a suggestion that artificial intelligence depicts humans with eight fingers on each hand. Because it envisioned humans doing hexadecimal calculations, similar to the way artificial intelligence processes information.
The answer was noted
“I have a fondness for Hex,” Musk replied in his typically cheerful and meme-loving demeanor. This tweet instantly caught the attention of the cryptocurrency community. Some speculated that Musk was indirectly referring to HEX, an ERC20 token issued on the Ethereum network and created by Richard Heart.
The tweet spawned witty reactions and memes, with people wondering why Musk expressed his fondness for HEX. Additionally, some praised Musk for implicitly accepting the token.
Hoskinson on stage
Cardano founder Charles Hoskinson also joined in with an amusing response on Twitter. He shared a GIF image of a man shouting “You were the chosen one”. Accordingly, it implied a playful sense of disappointment. Like the rest of the crypto community, Hoskinson is assessing the situation. He considers the ongoing feuds between him and Richard Heart, the creator of HEX. Accordingly, he found Musk’s mention of “Hex” interesting.
As we stated on cryptokoin.com in December of the previous year, Hoskinson stated that it would be pointless to meet with the inventor of HEX, citing that the creator of HEX repeatedly made insulting remarks about himself and Cardano.