Bitcoin Halving Still Not Priced In; Pepe and a New Meme Coin Set to Dethrone Shiba Inu

Bitcoin Halving Aftermath and Meme Coin Mania

The hype surrounding Bitcoin's halving event has subsided, but crypto trader Rekt Capital believes its effects are yet to be fully realized. According to the analyst, Bitcoin typically embarks on a parabolic trajectory 150 days post-halving.

Surge in Meme Coins: Pepe and KangaMoon Take Center Stage

While Pepe has been dominating the meme coin market lately, analysts are now spotlighting a promising contender: KangaMoon (KANG). With its 400% surge, experts predict KANG's ascent from $0.025 to a potential peak of $1-$2.

KangaMoon's advantage lies in its utility-driven ecosystem. Its Kangaverse boasts P2E games and incentives for active community members through its SocialFi protocol.

Rekt Capital's Bitcoin Analysis

Rekt Capital highlights that Bitcoin's price tends to consolidate for approximately 150 days after halving events. Despite its recent all-time high, the analyst suggests that the full impact of the halving is yet to be factored into its value.

He anticipates a price breakout following this consolidation phase, which could extend over several months. While Bitcoin remains a top investment choice, Rekt Capital is hesitant about it surpassing $400K in the current bull cycle.

Pepe's Potential to Outpace Shiba Inu

Pepe (PEPE) has exhibited exceptional growth in 2024, surging by 1,000%. Analysts predict its continued ascent, with a potential market cap surpassing Shiba Inu's $6 billion. Crypto Kaleo supports this sentiment, emphasizing Pepe's upside potential in the ongoing bull market.

Conclusion

Bitcoin's historical performance suggests a potential major bull run in the near future, which could ignite similar rallies in other cryptocurrencies. With Pepe and KangaMoon emerging as promising meme coin investments, KangaMoon's unique ecosystem positions it as a compelling choice in the market.