Memecoins
PEPE VS SHIB: Which meme coin will recover first in 2024?
After a recent crash, the global crypto market is attempting to recover, with memecoins such as Shiba Inu (SHIB) and Pepe (PEPE) on investors’ watchlist for a potential rebound. These meme coins have seen price fluctuations over their past few months, raising the question of which crypto has the potential to recover faster than the other, between PEPE and SHIB.
PEPE vs SHIB: current market performance
After showing a bearish trend with drops in value over the past week and month of 4.98% and 4% respectively, PEPE price saw an increase of 3.08% to reach $0.00001172 today ‘today. This recent performance propelled the Ethereum meme coin to a market capitalization of $4.93 billion, ranking 23rd, according to CoinMarketCap.
However, the Pepe token saw a decrease in trading activity, with trading volume decreasing by 17% to $740.74 million in the last 24 hours. The coin is also trading 31.36% below the all-time high of $0.00001718 reached on May 27, 2024.
Similarly, the last week and month have been tough for SHIB, which recorded 13.91% and 23.06% losses in the last week and month, respectively. With a market capitalization With $10.86 billion, Shiba Inu is the 12th largest crypto currency. T
Trading at $0.00001843 today, memecoin saw its trading volume decrease by 26% to $289.16 million over the past 24 hours.
Although SHIB price reached its all-time high of $0.00008845 on October 28, 2021, it has since retraced by 79.14%.
PEPE vs SHIB: technical analysis
The short-term exponential moving averages of PEPE show a downward trend, with values below the current price. However, the extension EMA indicate a possibility of recovery with values above the current price, indicating buying opportunities.
The MACD level indicates a bearish signal for PEPE, with the MACD line positioned below the signal line, showing bearish momentum.
The RSI is currently at 46.53, indicating neutrality. This indicates that PEPE is not being bought or sold excessively, showing a balance that is subject to change depending on market sentiment.
The current PEPE price is approaching the Fibonacci pivot point at $0.00001285. Critical support levels lie at $0.00000849 and $0.00000588, with resistance levels at $0.00001717 and $0.00001983. Breaking through these resistance levels could indicate a robust rebound.
Now let’s take a look at the technical analysis of SHIB.
SHIB’s immediate and future trends show bearish signals with values remaining consistently below the current price. This indicates a constant downward force.
The MACD indicator for SHIB also indicates a bearish signal as the MACD line is below the signal line, suggesting continued negative momentum.
SHIB is currently at a ROI of 30.99, close to the oversold level. This could suggest a possible buying opportunity if market sentiment changes, indicating that SHIB could be ready for a recovery.
Shiba Inu price is near the pivot level at $0.00002512. Support levels are at $0.00002083 and $0.00001627, with resistance levels at $0.00002850 and $0.00003397. Breaking through these resistance levels could signal the start of a recovery trend.
Conclusion: PEPE or SHIB?
Both PEPE and SHIB face significant obstacles in their journey to recovery. PEPE is showing mixed signals with a short-term downtrend but long-term upside potential, as indicated by its EMA and RSI. SHIB, although heavily oversold, suggests stronger potential for an immediate rebound if market conditions improve, as indicated by its RSI and support levels.
Investors should keep an eye on these technical indicators and broader market trends. Although SHIB may have a slight advantage due to its oversold situation and lower resistance levels, PEPE’s long-term indicators suggest solid recovery potential. Ultimately, the recovery of these meme coins will depend on market sentiment, investor confidence, and broader economic factors influencing the cryptocurrency market in 2024.
Memecoins
Memecoins dominate major derivatives in terms of open interest | Flash News Detail
Disclaimer
Disclaimer: Blockchain.news provides content for informational purposes only. Under no circumstances shall blockchain.news be liable for any direct, indirect, incidental or consequential damages arising out of the use of, or inability to use, the information provided. This includes, but is not limited to, any loss or damage resulting from decisions made based on the content. Readers should conduct their own research and consult professionals before making any financial decisions.
Memecoins
Have a profitable August with Shiba Inu and Mpeppe (MPEPE) Don’t miss the winnings
August offers investors a unique opportunity to capitalize on the potential gains offered by Shiba Inu (SHIB) and Mpeppe (MPEPE)These two memecoins take advantage of the viral nature of internet memes and popular culture, attracting a diverse and enthusiastic audience. In this article, we’ll look at why Shiba Inu (SHIB) and Mpeppe (MPEPE) are poised for gains this month and why you shouldn’t miss out on the potential profits.
The viral power of memecoins
Memecoins have the inherent ability to leverage the viral nature of internet memes and popular culture references. This can lead to rapid spread of the cryptocurrency’s brand and message across various online platforms, potentially appealing to a broader and more diverse audience. Shiba Inu (SHIB) and Mpeppe (MPEPE) are great examples of how this viral potential can translate into substantial community growth and market presence.
Shiba Inu: riding the wave of popularity
Shiba Inu (SHIB) has established itself as a major player in the memecoin space. With its cute canine mascot and strong community support, Shiba Inu (SHIB) has gained a significant following. The coin’s ecosystem continues to grow, with projects like ShibaSwap adding to its utility and appeal. Investors are optimistic about Shiba Inu’s future, expecting it to ride the wave of popularity that has kept it in the spotlight.
Ecosystem expansion
THE Shiba Inu (SHIB) The Shiba Inu (SHIB) ecosystem is constantly expanding, offering new features and utilities that enhance its value proposition. Projects like ShibaSwap provide users with opportunities to stake and earn rewards, making Shiba Inu (SHIB) more than just a meme currency. This expansion helps solidify its market position and attract a wider audience.
Balancing humor and professionalism
Mpeppe (MPEPE) offers a unique and light-hearted approach to the serious world of digital assets, balancing humor and professionalism. Inspired by internet memes and the dynamic energy of football fans, Mpeppe (MPEPE) is quickly gaining traction in the crypto community.
Mpeppe (MPEPE) offers an opportunity to reach a younger demographic and tap into the viral nature of internet culture. By balancing humor and professionalism, Mpeppe (MPEPE) appeals to a wide audience, from casual meme enthusiasts to serious investors. This strategy is similar to the one that made Shiba Inu (SHIB) so successful, but with a modern twist.
Expanding Reach and Adoption
Mpeppe’s (MPEPE) ability to leverage internet culture means it has the potential to rapidly expand its reach and adoption. The memecoin’s branding and community-driven approach make it accessible and appealing, much like Shiba Inu (SHIB) in its early days.
Why August is the month to invest
As the cryptocurrency market experiences a surge in interest, August presents a great opportunity to invest in promising assets like Shiba Inu (SHIB) and Mpeppe (MPEPE) Both coins are well positioned to capitalize on the growing interest in memecoins, driven by their unique appeal and active communities.
Conclusion: Don’t miss the benefits
Shiba Inu (SHIB) and Mpeppe (MPEPE) are poised for a profitable August, leveraging their viral potential and strong community support to attract a diverse audience. With the cryptocurrency market in full swing, now is the perfect time to consider investing in these promising memecoins. Just as Shiba Inu (SHIB) captivated the crypto world with its unique appeal, Mpeppe (MPEPE) is poised to make its mark. Don’t miss out on the potential gains these innovative digital assets have to offer.
For more information on the Mpeppe presale (MPEPE):
Visit Mpeppe (MPEPE)
Join us and become a member of the community:
Memecoins
Solana down 8% as its coins Dogwifhat, Billy and Neiro fall further
Solana, the fifth-largest crypto asset by market cap, has fallen 8% in the past 24 hours, according to CoinGeckolike his Meme Coin Market Prices of some coins, which can be notoriously volatile, have fallen by as much as 43% in the past day.
As the cryptocurrency market bleeds with Bitcoin (Bitcoin) down 2.7% and Ethereum (ETH) 4.2%, Solana (GROUND) was the hardest hit among the top 10 cryptocurrencies, falling 8.2% to $168 on the day, according to data from CoinGecko. Along with this, meme coin Solana suffered huge losses.
The biggest loser in the last 24 hours is the bigger of the two Black (NEIRO) on Solana which fell nearly 44% to $0.01821. These tokens were launched after the owner of Kabosuthe Shiba Inu that inspired the Doge meme, announced that she had adopted a new dog named Neiro. Interestingly, her rival on the network launched an hour beforealso called Black (NEIRO), is up 75.2%. It appears that the Solana Neiro Civil War is far from being decided.
Other big losers include: Pump.fun’s Favorites Billy (BOWL), down 26.4%, and Michi (MICHI), which fell 24.5%. Over the past 24 hours, both tokens have flipped their market caps multiple times, but dog token Billy is currently in the lead with $94 million, about $3 million ahead of Michi.
Dog with hat (Wireless), the largest meme coin on Solana, was also hit, dropping 12.4%. Bonk (BONK), the second-largest Solana meme coin, fell 9.1%. In fact, among the top 50 Solana meme coins by market cap, only four tokens are in the green, with Zoomer (ZOOM IN) leading the pack with 41.1%.
Meme coins are notoriously high-risk assets and tend to post disproportionate losses when the broader market experiences a downturn.
Brain (BRAIN), Michi (MICHI), Mini (MINI), Shark cat (SC), and many others, for example, have suffered greater losses in the last 24 hours than any of the top 100 cryptocurrencies by market capitalization.
In the world of meme coins, when it rains, it rains.
Edited by Stacy Elliott.
Memecoins
Trader Says Bitcoin’s Path to $100,000 Is ‘Currently Programmed’, Updates Outlook on Memecoin That’s Up Over 18,000% YTD
A widely followed analyst and trader expresses bullish sentiment on Bitcoin (Bitcoin) while offering his take on the memecoin built on Solana (GROUND) blockchain ecosystem.
Starting with Bitcoin, the analyst known by the pseudonym Altcoin Sherpa tell His 219,000 followers on social media platform X say Bitcoin is on the verge of hitting a six-figure price.
“There will be bumps along the way, but Bitcoin’s path to $100,000 is on schedule. Don’t get rattled or lost along the way.”
Source: Altcoin Sherpa/X
At the time of writing, Bitcoin is trading at $66,236.
According to For the widely followed trader, Bitcoin enjoys strong support between $63,800 and $65,000, where the 25, 55, 89 and 200 exponential moving averages (EMAs) on the daily chart have clustered.
Source: Altcoin Sherpa/X
Next up is the Solana-based memecoin Popcat (POPCAT). The pseudonymous trader and analyst said that among the cat memecoin family, POPCAT is one of the “best” in the long run.
Altcoin Sherpa, however, says POPCAT looks bearish on the short-term four-hour time frame and needs to climb above a range low between $0.694 and $0.724 to avoid falling further.
Source: Altcoin Sherpa/X
POPCAT was trading at $0.00379 on January 5th and is now at $0.704, a gain of approximately 18,475%.
Altcoin Sherpa also offers his take on dogwifhat (Wireless), Solana-based Memecoin. According to For the pseudonymous analyst, WIF “still looks pretty good for now” on the four-hour chart with the “best” support area sitting around $2.10.
“The average would probably be $2.30 to $2.10 if I were you and I was swing trading this one.”
Source: Altcoin Sherpa/X
WIF is trading at $2.27 at the time of writing.
Don’t miss a thing – Subscribe to receive email alerts directly to your inbox
Check Price action
follow us on X, Facebook And Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated image: DALLE3
-
Videos6 months ago
Money is broke!! The truth about our financial system!
-
News6 months ago
More Crypto AI Alliances Emerge Following $7.5 Billion Token Merger — TradingView News
-
Altcoins6 months ago
Render vs. Theta; Which DePIN Altcoin to buy in May
-
News6 months ago
Over 1 million new tokens launched since April
-
Videos6 months ago
Fantom: Potential FTM Price and BIG Updates – The Latest!!
-
NFTs6 months ago
Surprisingly, Bored Apes is now laying off employees as the NFT market disintegrates
-
Videos6 months ago
Recession soon?? What this means for you and your wallet!!
-
Memecoins6 months ago
ChatGPT Analytics That Will Work Better in 2024
-
NFTs6 months ago
Trump endorses Bible line – after selling shoes, NFTs and more
-
Videos6 months ago
Crypto News: ETH ETFs, Pro-Crypto Politics, UNI, DOGE & MORE!
-
Memecoins6 months ago
When memecoins reign supreme in the ecosystem!
-
NFTs6 months ago
Solana NFTs jump 30% in 24 hours: what’s behind the increase?