A recent market research has revealed a remarkable comparison about Pepe (PEPE), Dogecoin (DOGE) and Shiba Inu (SHIB).
In the updated report shared by the on-chain analytics platform Santiment PEPE, DOGE And of SHIB market effect was compared. According to the details of the research bull in season DOGE and SHIB by storm, average compared to PEPE 25 times more process to the volume had hosted. On the other hand, in recent weeks Volume shortage of PEPE it showed that retail investors they do not reveal a net presence in the cryptocurrency market.
Backed by a billionaire like Elon Musk DOGEin terms of trading volume at the peak 70 billion dollars had reached. SHIB still at its peak $40 billion managed to capture a transaction volume. Compared to this PEPE despite all the rise and interest $2 billion could not exceed the transaction volume.
Analysts pointed out that this data did not attract as much attention as PEPE as other meme coins. weakness in volume drew attention. On the other hand, it was emphasized that PEPE is mostly traded by large whales, while others reach a large mass individually.
Yet the success of PEPE in such an environment undeniably with the sudden rise community to memory has been engraved.
Santiment analysts made the following statements, emphasizing the absence of retail investors:
While PEPE’s trading volume is significantly lower, it leaves room for growth and untapped potential. However, this also means that the liquidity and retail participation in the PEPE market is much less than what DOGE and SHIB have experienced in previous years. In fact, it turns out that the retail landscape has changed dramatically and retail involvement seems to be almost non-existent.
However, Santiment noted that despite the differences in trading volume and liquidity, PEPE’s social volume with DOGE and SHIB during their peak periods same level stated that. social volume, shipments And interaction like on social media is based on project-specific participation.