PEPE has surpassed DOGE and SHIB in daily trading volume, showing high trading interest.
Despite PEPE’s high volume, DOGE’s market cap is nearly five times larger, highlighting valuation differences.
Shiba Inu’s trading metrics show decreased activity and a slight bearish sentiment in the market.
Crypto enthusiast Lark Davis recently highlighted on X that PEPE has outpaced both Dogecoin (DOGE) and Shiba Inu (SHIB) in daily trading volume. However, DOGE’s market cap remains nearly five times larger than PEPE’s. This discrepancy raises questions about PEPE’s valuation compared to its meme coin counterparts.
$PEPE has more daily volume than $DOGE and $SHIB combined.
Meanwhile, $DOGE's market cap is almost 5x bigger than $PEPE.
Should PEPE be valued as much as DOGE or SHIB? pic.twitter.com/uxLGwRqN7p
— Lark Davis (@TheCryptoLark) September 5, 2024
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 m…
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