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Shiba Inu vs PEPE: Which Memecoin ERC 20 to Buy
In the midst of a tumultuous world crypto market crisis, the community is currently involved in a prevailing argument between Shiba Inu (SHIB) and Pepê Currency (PEPE). Although both digital currencies are affected by the volatile world of cryptocurrencies, their market performance tells different stories. Shiba Inu faces recent challenges, experiencing a 3.48% drop in value in the last day, while PEPE demonstrates stability and small growth with a 1.96% increase in the same period. By examining the analytics of both coins in the crypto market, we can determine which memecoin shows more potential to buy in the volatile crypto space.
Shiba Inu vs PEPE: market performance
When looking at Shiba Inu and Pepe, both digital currencies use different tactics and achieve different results when dealing with the unpredictable crypto world.
Over the last day, Shiba Inu’s value decreased by 3.48% in value, with even larger drops of 8.97% and 19.03% for the week and month, respectively.
Despite facing challenges, SHIB shows a 155.32% growth in value compared to the previous year, indicating its ability to withstand temporary volatility.
Shiba Inu ranks 11th in the cryptocurrency market with a market capitalization of $13.29 billion and a 24-hour trading volume of $354.44 million.
The token is still a significant competitor in the cryptocurrency market, with 589.29 trillion SHIB in circulation.
On the other hand, Pepe presents a contrasting narrative of stability and modest gains. Despite a relatively modest 1.96% increase in one day, Pepe maintained positive momentum across the weekly and monthly intervals, recording gains of 0.91% and 22.62%, respectively.
Its impressive 436.65% increase last year positions Pepe as an attractive option for investors looking for long-term growth opportunities. With a market value of US$3.68 billion, Pepe ranks 28th among cryptocurrencies, accompanied by a robust 24-hour trading volume of US$825.87 million.
Pepe boasts a healthy volume/market capitalization ratio of 22.38%, indicating substantial liquidity and investor interest. Anchored by a circulating supply of 420.69 billion PEPE tokens, Pepe’s market performance underlines its resilience and potential for sustained growth.
Shiba Inu vs PEPE: Which Memecoin to Buy
Let’s delve deeper into technical analysis to determine which of the Ethereum meme based coins to buy.
The RSI for Shiba Inu is currently at 42.22, indicating neutral market sentiment. Short-term moving averages suggest selling, while long-term moving averages indicate buying. Fibonacci support and resistance levels are important indicators, providing important information for trading decisions, with resistance at $0.00002929 and support at $0.00001692.
However, PEPE offers a different perspective, taking inspiration from the famous internet frog meme. Technical analysis leans slightly towards a bullish position as the RSI stands at 61.17, suggesting neutral sentiment. Moving averages mainly show uptrends in different time frames, indicating possible buying moments.
Fibonacci levels improve analysis by providing crucial support and resistance points at $0.000008999944 and $0.000004138776 that traders should take into consideration.
Conclusion
The debate between Shiba Inu and PEPE demonstrates the ever-changing crypto market, with different viewpoints emerging amid continued market volatility. Despite facing short-term hurdles, the Shiba Inu’s resilience and future growth opportunities make it an attractive choice for investors looking for stability in uncertain times. However, PEPE’s steady performance and growth path make it an attractive option for individuals looking for profitable opportunities in the meme coin industry. Ultimately, the choice between Shiba Inu and PEPE depends on risk tolerance, investment objectives and market sentiment, with technical analysis being a useful tool for navigating this fascinating but uncertain terrain.