Pepe (PEPE) Breaks Out of Consolidation, Readies for a Bullish Surge

After a long period of consolidation, Pepe (PEPE) is looking set for a breakout rally and experts have predicted that PEPE could skyrocket in December.

Pepe (PEPE) and several meme coins have had an interesting 2023. After a period of consolidation, Pepe (PEPE) is looking set for a breakout rally and experts have predicted that PEPE could skyrocket in December.

Another memecoin that looks set for an explosive rally in this bull market is Shiba Galaxy (SHIBG). The new meme coin project offers an astounding staking APR. As investors jump on SHIBG, analysts have said that its price could reach $1 soon.

Pepe (PEPE) Breaks Out of Consolidation, Readies For a High Surge

Pepe (PEPE) has lost the $0.0000110 support level on October 1, following which the memecoin has remained in consolidation. According to data from CoinMarketCap, the Pepe price has remained traded between $0.000008500 and $0.0000100.

However, an 8% price pump suggests that the Pepe coin could break out of this consolidation soon. While the technical indicators are showing mixed sentiment, Chandler Bing has very bullish sentiments for Pepe.

According to the chart shared by Chandler, the Pepe crypto has broken out of a descending triangle pattern. He forecasts that the price of Pepe could rally by 5x before December 10. This sentiment is reechoed by Prork, who said that the meme coin could cross $0.0000550.

Shiba Galaxy (SHIBG) Skyrocket With Its Huge Staking Rewards

Shiba Galaxy (SHIBG) adds a very attractive opportunity to the meme coin sector with its high staking yield. Holding and staking SHIBG tokens can bring up to 7,000% of passive income, and the rewards are added automatically, which means that users can easily get a share of the ecosystem’s growth without any effort.

The staking program in Shiba Galaxy offers high yields to the users and promotes long term holding; this makes Shiba Galaxy different from other meme coins. In addition to staking, it has a fast, low fee blockchain platform for its users. It is 100x faster than typical networks, making it good for developers and token holders.

Also, thanks to the DAO concept, users can decide the future of Shiba Galaxy themselves, as all decisions go through voting. Shiba Galaxy’s token supply of $30 million is lower than those of some of the most famous coins, such as Pepe (PEPE), adding to the token’s potential to rally to $1 before the year ends. Currently, $SHIBG is trading at only $0.105 in its first presale stage.

Final Thoughts

Offering a massive staking APY, Shiba Galaxy is quickly positioning itself as a competitor to look out for in the meme coin market and a potentially good investment choice. Apart from high rewards, Shiba Galaxy is keen on revolutionizing the meme coin space by building a more diverse ecosystem that could place it above Pepe.