Analytics Firm Reveals Why Shiba Inu (SHIB) and Dogecoin (DOGE) Remain Dominant in the Memecoin Realm
Crypto analytics firm Santiment reports that the current Pepe frenzy is not as significant as the Shiba Inu and Dogecoin manias from the past. Santiment notes that Pepe’s peak daily trading volume in recent weeks was $2bn, whereas Shiba and Dogecoin hit $40bn and $70bn, respectively. The report adds that retail participation in the Pepe rally has been “nearly nonexistent” when compared to the other two cryptocurrencies. At the time of writing, Pepe is trading at $0.000002, DOGE at nearly $0.0726 and Shiba Inu at $0.000009. Pepe is currently the 63rd-ranked cryptocurrency by market cap, while Dogecoin is ranked ninth, and Shiba Inu 16th. Pepe is up 0.63% in the past day but down more than 53% from its all-time high of $0.00000431. DOGE is up 0.08% in the past 24 hours but down over 0.7% in the past seven days, while Shiba Inu is down more than 1.3% in the past day and more than 0.22% in the past week.
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