Max Schwartzman, the CEO of crypto analysis platform Because Bitcoin, has drawn similarities between meme coins Dogecoin (DOGE) and PEPE. If history is to repeat itself, then a price breakout could be on the horizon for PEPE. 

加密货币分析平台Because Bitcoin的首席执行官马克斯·施瓦茨曼(Max Schwartzman)指出了模因币狗狗币(DOGE)和PEPE之间的相似之处。如果历史重演，那么 PEPE 的价格突破可能即将到来。

PEPE Sharing A Similar Pattern As DOGE In 2020

2020 年 PEPE 与 DOGE 有着相似的模式

In a post on his X (formerly Twitter) platform, Schwartzman drew the crypto community’s attention to “some striking similarities” between PEPE in 2023 and DOGE in 2020. From the accompanying chart that he shared, one could see that PEPE’s price movement in 2023 is identical to DOGE’s in 2020.

Schwartzman 在他的 X（以前的 Twitter）平台上发表的一篇文章中，提请加密社区注意 2023 年的 PEPE 和 2020 年的 DOGE 之间“一些惊人的相似之处”。从他分享的附图中，人们可以看到 2023 年 PEPE 的价格走势与 2020 年 DOGE 相同。

If PEPE is to continue moving in a similar pattern, then the meme coin’s price could break out in 2024. PEPE’s price has been consolidating since November, just like DOGE’s price did between May 2020 and the new year before it rose to its all-time high of $0.7 in May 2021. DOGE surged by over 26,000% to hit that price level. 

如果 PEPE 继续以类似的模式波动，那么 meme 币的价格可能会在 2024 年突破。PEPE 的价格自 11 月以来一直在盘整，就像 DOGE 的价格在 2020 年 5 月到新年期间上涨至历史最高水平一样2021 年 5 月达到 0.7 美元的高点。DOGE 飙升超过 26,000%，达到该价格水平。

Therefore, there is the possibility that 2024 could be PEPE’s breakout year, in which it goes on to enjoy a similar run as DOGE did in 2021. Interestingly, the striking similarities between both meme coins aren’t only on the charts. Schwartzman highlighted the fact that PEPE’s current market cap of about $600 million was also DOGE’s market cap as of December 2020. 

因此，2024 年有可能是 PEPE 的突破年，它将继续享受与 DOGE 在 2021 年类似的表现。有趣的是，这两种 meme 代币之间惊人的相似之处不仅体现在图表上。 Schwartzman 强调，PEPE 目前约 6 亿美元的市值也是 DOGE 截至 2020 年 12 月的市值。

PEPE spearheaded the meme coin frenzy back in May, as the crypto token was an instant hit upon its launch in April 2023. It became one of the most traded tokens during that period, with its price skyrocketing as a result. In August, the PEPE ecosystem experienced a setback as some ex-team members sold off more than half of its vested tokens.

PEPE 早在 5 月份就引领了模因币热潮，因为该加密代币在 2023 年 4 月推出后立即引起轰动。它成为该时期交易量最大的代币之一，其价格也因此飙升。 8 月份，PEPE 生态系统经历了挫折，一些前团队成员出售了一半以上的既得代币。

PEPE’s Success Hinged On Ethereum’s

PEPE 的成功取决于以太坊

Max Schwartzman also highlighted a correlation between the Pepe coin and Ethereum. He mentioned that the former has been trading “like a leveraged Ethereum ETF” since earlier this year. PEPE is said to pump whenever ETH does and dumps whenever ETH does. As such, the crypto founder believes that PEPE could be the “meme coin of choice for Ethereum this cycle.”

Max Schwartzman 还强调了佩佩币和以太坊之间的相关性。他提到，前者自今年早些时候以来一直“像杠杆以太坊 ETF 一样”进行交易。据说，每当 ETH 上涨时，PEPE 就会上涨，每当 ETH 上涨时，PEPE 就会下跌。因此，这位加密货币创始人认为 PEPE 可能是“以太坊本周期的首选模因币”。

Crypto analyst Crypto Kaleo also recently stated that he sees PEPE printing new all-time highs once ETH starts to move. He likened the relationship between both crypto tokens to something similar to the one between SOL and BONK. 

加密货币分析师 Crypto Kaleo 最近也表示，一旦 ETH 开始波动，他认为 PEPE 将创下历史新高。他将两种加密代币之间的关系比作 SOL 和 BONK 之间的关系。

BONK saw new all-time highs on the back of SOL’s resurgence. The meme coin also climbed up to become the third-largest dog coin by market cap in the process. 

SOL 复苏后，BONK 创下历史新高。在此过程中，米姆币也攀升成为市值第三大的狗币。

Following a slow start, ETH seems ready for a significant rally, which means that PEPE could also move to the upside anytime soon, based on Schwartzman and Kaleo’s analysis. 

在经历了缓慢的开局之后，ETH 似乎已经准备好迎接大幅上涨，这意味着根据 Schwartzman 和 Kaleo 的分析，PEPE 也可能很快就会上涨。