DOGE, SHIB or PEPE: Which memecoin should you buy now?

Market sentiment around SHIB turned positive, while that of DOGE and PEPE remained negative.

Some metrics suggested trend changes for DOGE, SHIB, and PEPE.

Bitcoins [BTC] The price correction turned the entire market bearish and major meme coins like Dogecoin [DOGE], Shiba Inu [SHIB], and PEPE also fell victim to it. Meme coins suffered quite a bit as their value fell in recent days, with PEPE bleeding the most.

Dogecoin, Shiba Inu and PEPE are bleeding

LunarCrush's latest tweet revealed that DOGE, SHIB, and PEPE were the top three meme coins in terms of social interactions. Therefore, AMBCrypto checked its price actions during the bear market.

According to CoinMarketCap, DOGE is down more than 3% in the last 24 hours. At the time of publication, it was trading at $0.1605 with a market capitalization of over $23 billion.

SHIB price also fell as it was down more than 4% over the past day. At the time of writing, SHIB was trading at $0.00002905 with a market capitalization of $17 billion.

The PEPE value fell the most, registering a double-digit drop. The meme coin's value plummeted 11% in the last 24 hours and, at press time, was valued at $0.000008171 with a market capitalization of $3.4 billion.

As these price actions were bearish, AMBCrypto analyzed the market sentiment around these meme coins. Our analysis of Santiment data revealed that the weighted sentiment charts of DOGE and PEPE remained in the negative zone.

This meant that bearish sentiment was dominant. However, the SHIB chart moved in the positive zone, suggesting that the bullish sentiment around the meme coin improved.

What to expect from these meme coins?