💹PEPE Trading Volume Surpasses DOGE, SHIB: Market Analysis👑
PEPE: Trading Volume Surge and Market Sentiment
PEPE’s price stands at $0.000007, with a 24-hour trading volume of $363,510,204. The coin has dropped roughly 3.5% over the past day, bringing its market cap to just shy of $3 billion. PEPE’s circulating supply is approximately 420.7 trillion coins, with a maximum supply of 420.7 trillion coins.
Recent data reveals a 37.27% drop in PEPE’s trading volume, suggesting reduced activity. Despite this, open interest has climbed by 4.67% to $86.02 million. This suggests that traders are opening more positions, anticipating future price movements. The 24-hour long/short ratio of 0.9459 indicates a slight market bias towards short positions.
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Dogecoin: Mixed Signals in the Market
Dogecoin is currently priced at $0.097752, with a 24-hour trading volume of $449,548,302. The coin has decreased by 0.24% in the last 24 hours, resulting in a market cap of $14,255,621,261. Dogecoin has a circulating supply of 145,834,436,384 coins.
The Dogecoin derivatives market shows that trading volume has fallen by 30.42% to $706.09 million, while open interest has risen by 3.88% to $457.27 million. There has been an increase in options activity, with volume up 112.54% and open interest rising 16.64%.
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Shiba Inu: Reduced Market Activity
Shiba Inu is priced at $0.000013, with a 24-hour trading volume of $152,235,281. It has declined by 1.58% in the past 24 hours, leading to a market cap of $7,758,172,390. Shiba Inu’s circulating supply is 589,269,830,334,280 coins.
Shiba Inu’s derivatives market showed decreased trading volume by 23.10% and reduced open interest by 10.42%. This reduction indicates lower market activity. The overall long/short ratio of 0.895 suggests a slightly bearish sentiment. Liquidation data shows more long positions being liquidated in shorter time frames.
