- Pepe and FLOKI exhibited similar bullish patterns on their weekly charts.
- Both to perform in the upcoming memecoin supercycle.
As 2025 approaches, traders are gearing up for what could become another meme season, with Pepe [PEPE] and Floki [FLOKI] showing promise for potential gains.
Both coins are forming bullish pennant patterns, signaling potential breakouts. The question is: which will outperform? The crypto market has embraced memecoins as a vital sector.
A bullish 2025, dubbed the ‘memecoin supercycle,’ is highly anticipated.
Dogecoin [DOGE] is leading this optimistic phase, with other coins like Pepe and FLOKI not far behind. Traders are now scouting for coins that could yield profits by the cycle’s end.
Bullish pennant on Pepe and FLOKI
Pepe’s and FLOKI’s similar bullish pennant patterns on their respective weekly charts, hinted at potential upward movements after consolidating within tightening price ranges.
Pepe’s chart showed a steady formation of higher lows as it approached the apex of the pennant, suggesting accumulating buying pressure that could propel a breakout.
Similarly, Floki exhibited higher lows, though its price swings within the pennant were less pronounced, indicating a more gradual accumulation phase.
Source: TradingView
Given Pepe’s volume and price action, it seemed to have a stronger setup with a sharper initial spike before entering the pennant
Comparing balances and new adoption rates
Pepe’s initial price spike was more pronounced than FLOKI’s, hinting at a more dynamic market response. This difference could indicate a stronger breakout potential for the former.
Despite FLOKI’s notable balance increase among holders with over $10 million,
Pepe appeared more favored. FLOKI’s balance grew by 27.58% over the last 30 days, reflecting either accumulation or valuation gains as per IntoTheBlock.
Other FLOKI holder categories also experienced growth, particularly the $1 million to $10 million bracket, which rose by 4.89%.
Source: IntoTheBlock
Smaller holdings saw modest increases, with the $10,000 to $100,000 bracket up by 2.40% and the $100 to $10,000 bracket by 2.33%.
Meanwhile, Pepe’s new adoption rate remained stable over the past 30 days, averaging around 30.79%. This rate peaked at 33.59% and dipped to a low of 26.73% as per IntoTheBlock.
In contrast, FLOKI’s adoption rate stabilized but did not match Pepe’s performance. This stability in Pepe’s adoption rate, despite price volatility, could signal potential for future price stability or growth.
Source: IntoTheBlock
Realistic or not, here’s FLOKI’s market cap in PEPE’s terms
And the winner is…
While both show potential, Pepe’s market dynamics, including a more pronounced initial spike and higher adoption rates, suggest it could outperform FLOKI in the upcoming memecoin supercycle.
If these trends hold, those who believe “ETH is dead” may find themselves mistaken as Pepe potentially leads the charge in performance.
