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- The PEPE\/DOGE pair offered interesting insights compared to the same time last year.<\/em><\/li>\n
- The altcoin market was weak- but this could be a great time to buy.<\/em><\/li>\n<\/ul>\n
The crypto market cap has fallen 12.3% from $3.73 trillion to $3.42 trillion in six weeks. The bullish conviction in November and December when Bitcoin [BTC]<\/a> raced toward and broke past the $100k mark has evaporated.<\/p>\n
<\/a><\/p>\nSource: TOTAL on TradingView<\/p>\n<\/div>\n
With this loss of confidence, BTC<\/a> formed a range around the $100k level, but altcoins<\/a> have shed a large percentage in the past six weeks.<\/p>\n
Pepe [PEPE]<\/a> was down 57.8% from its all-time high in the second week of December- but there\u2019s a chance that the memecoin<\/a> has formed a bottom.<\/p>\n
Pepe vs. Dogecoin- 2024\u2019s February could be repeating itself<\/strong><\/h2>\n
![\"PEPE\/DOGE](\"image\/svg+xml,%3Csvg%20xmlns=\")
![\"PEPE\/DOGE](\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/02\/PP-4-PEPE.jpg\")
<\/a><\/p>\nSource: Max on X<\/a><\/p>\n<\/div>\n
In a post on X (formerly Twitter)<\/a>, founder of BecauseBitcoin<\/a> Max Schwartzman noted that in 2024, the PEPE\/DOGE pair retested a key support level before zooming higher.<\/p>\n
Essentially, PEPE\/DOGE rising higher implies PEPE performing better than Dogecoin [DOGE]<\/a>.<\/p>\n
In February 2024, a retest of the level that saw a strong pump in November saw PEPE outperform DOGE wildly in February and March.<\/p>\n
Schwartzman observed that such a scenario was playing out once again, and this could lead to Pepe making extraordinary gains in the coming weeks.<\/p>\n
Examining the chances of an altseason<\/strong><\/h2>\n
![\"Altseason](\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/02\/PP-4-PEPE-altseason.png\")
<\/a><\/p>\nSource: Blockchain Center<\/a><\/p>\n<\/div>\n
While PEPE\/DOGE could be bottomed out, the altcoin market might not have. The fabled altcoin season is not yet in, with the reading at 53. Yet, this was a similar situation compared to February and March 2024.<\/p>\n
Back then, BTC also noted impressive gains on the back of spot ETF approvals, climbing from $42k to $72k in six weeks.<\/p>\n
![\"Bitcoin](\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/02\/PP-4-PEPE-BTC.D.png\")
<\/a><\/p>\nSource: BTC.D on TradingView<\/p>\n<\/div>\n
Comparing the Bitcoin Dominance across Bitcoin cycles, we can see that BTC.D was at a vital long-term resistance.<\/p>\n
The rejection in November that led to a mini alt-season could ensue. In turn, this could aid the Pepe bulls\u2019 efforts.<\/p>\n
\nRead Pepe\u2019s [PEPE] Price Prediction<\/a> 2025-26<\/p>\n
\nAs the previous year showed, BTC and altcoins can pump higher. Whether that will happen once again was unclear. There was a lot more fear in the market and some unwillingness to \u201cbuy the dip\u201d on social media<\/a>, as many participants believe the cycle is over.<\/p>\n
It is precisely in fearful conditions that buying could give mouth-watering returns, but investors must be aware of the risks- it might play out differently this time.<\/p>\n
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion<\/i><\/p>\n
\n - The altcoin market was weak- but this could be a great time to buy.<\/em><\/li>\n<\/ul>\n