Some brothers are asking whether Pepecoin or Shiba Inu has greater potential. Let me share my opinion through the following points:
Pepe and Shiba Inu are two popular digital currencies that have attracted a lot of interest in the cryptocurrency market. Although they have similarities with meme coins, they show differences in price market performance and indicators.
1. From the perspective of market value: According to CoinMarketCap data, SHIB has a market value of US$13.23 billion, making it the 12th largest cryptocurrency by market value. In terms of contracts, PEPE has a market value of US$2.23 billion, ranking 47th among the top 50 cryptocurrencies. This shows that Shiba Inu has a significantly higher market share than PEPE.
2. Increase:
The price of PEPE increased by 4.21% per day and 24.87% per week, but it fell sharply by 31.33% in the past month. On the other hand, Shiba Inu has a smaller daily increase of 2.87% and a monthly decrease of 10%. SHIB also fell by 18.86% per week. This means that while PEPE faces greater short-term volatility, its long-term results are more inconsistent.
3. Trading Volume:
In terms of trading volume, both tokens are very actively traded in the market. PEPE has a 24-hour trading volume of $722.3 million, while Shiba Inu has a higher trading volume of $846.18 million. PEPE has a volume-to-market cap ratio of 32.53%, which shows a higher trading volume compared to its market cap. SHIB has a ratio of 6.43%, indicating a decrease in trading activity relative to its market cap.
4. Technicals:
When comparing the technical analysis of Pepe Coin and Shiba Inu, we observe different trends and patterns in terms of moving averages, oscillators, MACD, RSI, and Fibonacci support and resistance levels. Starting with the moving averages, the short-term signals for both Pepe Coin and Shiba Inu show a descending pattern. Pepe Coin’s 10-day exponential moving average (EMA) is 0.000005928279, while the simple moving average (SMA) is 0.000006150416. Shiba Inu’s 10-day EMA is 0.00002415, and the SMA is 0.00002476.
Both sets of data indicate bearish signals, as the current price is below the short-term averages. Moreover, the 100-day and 200-day EMA and SMA indicate a possible change in trend, with Pepe Coin showing a stronger buy signal than Shiba Inu.
Regarding oscillators, both cryptocurrencies present a neutral outlook.The Relative Strength Index (RSI) for PEPE is 40.21, while the RSI for Shiba Inu is 39.99. This indicates that neither of the coins are experiencing any overbought or oversold conditions.
From the MACD analysis, both Ethereum meme coins are showing “sell”. The MACD level for SHIB is -0.00000126, while the MACD level for PEPE is -0.000000471995. This indicates that both the coins are about to see a potential downtrend. In terms of Fibonacci levels, if the price of Pepe Coin drops, it will find a strong support at 0.000007435425, and if the price drops, Shiba Inu will find support at 0.00002964. Both cryptocurrencies have different levels of support and resistance, but Pepe Coin is closer to its support level, indicating potential price volatility. On the other hand, Shiba Inu appears to have a further support level, which may mean that its price trend is more stable
Both Pepecoin and Shiba Inu offer unique investment opportunities, but they attract different levels of risk tolerance. Despite the increased risk, Pepecoin's potential for future expansion makes it an attractive option for individuals seeking greater returns. Shiba Inu's market presence and stability can attract investors seeking safer and more consistent options. Ultimately, when the halving event approaches, choosing Pepecoin or Shiba Inu depends on your actual investment willingness and the current holdings and positions. I personally think that both coins have unique potential
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