Pepe Down 9%: 'Headed Lower' Or Will It Outperform Dogecoin, Shiba Inu?
Portfolio Pulse from Khyathi Dalal
Pepe (CRYPTO: PEPE) has experienced a significant price decline, leading to mixed predictions from prominent crypto traders. While some foresee a further drop, others see a buying opportunity. Despite the decline, a large portion of Pepe holders are still profitable. Pepe's trading volume remains the highest among meme coins.
August 01, 2024 | 3:50 pm
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NEUTRAL IMPACT
Dogecoin (CRYPTO: DOGE) has seen a weekly fall of around 2%, which is less severe compared to Pepe's 8% loss. This indicates a relatively stable performance in the meme coin market.
Dogecoin's performance is mentioned in comparison to Pepe, showing a smaller decline. This suggests relative stability in the meme coin market.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Shiba Inu (CRYPTO: SHIB) has experienced a weekly fall of around 2%, similar to Dogecoin, and a monthly decline of 8%, which is comparable to Pepe's performance. This indicates a similar trend among meme coins.
Shiba Inu's performance is mentioned in comparison to Pepe, showing similar trends in the meme coin market.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50