A recent analysis by Santiment, an on-chain analytics platform, revealed the current sentiment in the Dogecoin (DOGE) and Shiba Inu (SHIB) ecosystems. The analysis suggests a potential rebound for these meme coins. Santiment highlighted the bearish sentiment among Shiba Inu investors, with social discussions around the coin at an all-time low. Retail traders have been selling off their SHIB holdings, leading to a decline in bullish outlook. On the other hand, Dogecoin retail traders have remained indecisive throughout the year. Despite benefiting from the Tron meme coin hype, Dogecoin's price hasn't reflected the excitement. The analysis indicates a possible turnaround if impatience and fear of missing out (FOMO) emerge. Overall, the sentiment for both meme coins is closely tied to Bitcoin's performance, with Shiba Inu being more influenced by whale investors. Read more AI-generated news on: https://app.chaingpt.org/news

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