Meme Coin Price Predictions – What’s Next for Dogecoin, Shiba Inu, and Pepe Based on On-Chain Metrics

Meme Coin Price Predictions: What's Next for Dogecoin, Shiba Inu, and Pepe Based on On-Chain Metrics

Meme coins have experienced a volatile ride during this bull run. Despite significant price increases in March, most have failed to sustain investor interest. Three of these coins, Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), have the largest market caps among the top 100 meme coins.

PEPE: Social Dominance and Sentiment

PEPE's price fluctuations are closely tied to its social dominance. Increased social media attention typically leads to price rises, while decreased attention results in price declines. Santiment's data suggests that PEPE is highly sensitive to speculative trading, making it important for traders to monitor social trends.

Shiba Inu: MVRV Ratios Indicate Recovery

Shiba Inu's (SHIB) price movements have a correlation with its MVRV (Market Value to Realized Value) ratio. Short-term holders are currently at a loss, signaling a potential buying opportunity for investors. Long-term holders remain resilient, as indicated by the neutral 365-day MVRV. As the MVRV ratio moves towards neutral territory, SHIB's price may recover in the near term.

Dogecoin: Price Recovery Uncertain

Dogecoin's (DOGE) price continues to exhibit high volatility. Its strong correlation with MVRV ratios suggests that sentiment-driven traders may continue to see opportunities in its price fluctuations. However, long-term holders are currently losing money, as indicated by the negative 365-day MVRV. The likelihood of continued volatility and potential price recoveries remains dependent on shifts in investor sentiment.