Price: $0.39397 2.2766%
Market Cap: 57.87B 1.7562%
Volume (24h): 8.59B 0.4%
Dominance: 1.7562%
Price: $0.39397 2.2766%
Market Cap: 57.87B 1.7562%
Volume (24h): 8.59B 0.4%
Dominance: 1.7562% 1.7562%
  • Price: $0.39397 2.2766%
  • Market Cap: 57.87B 1.7562%
  • Volume (24h): 8.59B 0.4%
  • Dominance: 1.7562% 1.7562%
  • Price: $0.39397 2.2766%
Home > Information news > PEPE vs. Shiba Inu: July Memecoin Showdown

PEPE vs. Shiba Inu: July Memecoin Showdown

Release: 2024/07/15 22:04 Reading: 354

Original author:CryptosHeadlines.com

Original source:https://coinmarketcap.com/community/en/articles/66952795e4341b7229405e77

PEPE vs. Shiba Inu: July Memecoin Showdown

Pepe and Shiba Inu Analysis: July Outlook

Pepe (PEPE) and Shiba Inu (SHIB) have traded near their highs recently. Shiba Inu announced plans for a marketplace in Web3 commerce, though no timeline was given.

Pepe faced resistance and has shown less bullish momentum.

Technical Analysis:

  • PEPE ranges from $0.0000099 to $0.0000076, currently supported at $0.0000088.
  • RSI is below 50, OBV downtrending, indicating potential losses.
  • SHIB trades between $0.0000174 and $0.0000127.
  • RSI above 50, OBV sideways, suggesting upward momentum.
  • SHIB is near its range high, with indicators pointing to a more positive trend than PEPE.

On-Chain Metrics and Valuation:

  • PEPE's NVT spiked, suggesting overvaluation. However, MVRV is negative, indicating potential undervaluation.
  • PEPE's daily active addresses and mean coin age are declining, showing weakened demand.
  • SHIB's daily active addresses were higher than PEPE's on July 13th.
  • SHIB's technical and on-chain data suggest a stronger foundation for bullish expectations.

Conclusion:

Shiba Inu (SHIB) has shown a more positive outlook for July than Pepe (PEPE), with stronger technical and on-chain indicators.

Important Note: This article provides informational purposes only and should not be construed as advice.

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