PEPE Up 16% On The Week: It Won't 'Flip DOGE' But 'Should Go Up More Relatively,' Trader Points Out
Portfolio Pulse from Khyathi Dalal
Crypto trader Altcoin Sherpa is optimistic about Pepe (PEPE), citing its strong volume and good liquidity as key factors for potential price upside. Although he does not believe PEPE will surpass Dogecoin (DOGE), he anticipates relative gains. Another trader, Plazma, noted that PEPE is doing significantly more volume than Shiba Inu (SHIB) and Dogecoin. PEPE's total volume across exchanges is $4.5 billion, and it has seen a 100% monthly gain.
May 22, 2024 | 2:20 pm
News sentiment analysis
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NEGATIVE IMPACT
Shiba Inu (SHIB) is mentioned as having lower trading volume compared to PEPE. This could indicate a shift in trader interest towards PEPE.
SHIB's lower trading volume compared to PEPE suggests a potential decrease in trader interest, which could negatively impact its price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Dogecoin (DOGE) is mentioned as a benchmark for PEPE's performance. While PEPE is not expected to surpass DOGE, its strong volume and liquidity could lead to relative gains.
DOGE is used as a benchmark in the analysis, indicating its continued relevance in the meme coin market. However, no direct impact on DOGE's price is expected.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Pepe (PEPE) is expected to see relative gains due to its strong volume and liquidity. It has outperformed other meme coins like SHIB and DOGE in terms of trading volume.
PEPE's strong trading volume and liquidity are key factors for its expected price increase. The coin has shown significant monthly gains and outperformed other meme coins in volume.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100