A number one analytics agency says the present frenzy surrounding the frog-themed memecoin Pepe (PEPE) stays dwarfed by previous Shiba Inu (SHIB) and Dogecoin (DOGE) manias.
In a brand new evaluation, crypto analytics agency Santiment notes that PEPE’s peak every day buying and selling quantity prior to now few weeks was $2 billion.
“On the planet of meme-inspired cryptocurrencies, DOGE and SHIB have had their moments of glory, with buying and selling volumes reaching astronomical heights of their heydays. PEPE, one other cryptocurrency with meme origins, shouldn’t be fairly there but. When evaluating their buying and selling volumes at their peak, PEPE reached $2 billion, whereas SHIB and DOGE hit $40 billion and $70 billion, respectively.”
Santiment additionally notes that retail participation within the Pepe rally has been “almost nonexistent” in comparison with the Dogecoin and Shiba Inu frenzies.
PEPE is buying and selling at $0.000002 at time of writing. The 63rd-ranked crypto asset by market cap is up 0.63% prior to now day however down greater than 53% from its all-time excessive of $0.00000431, which it hit on Could fifth.
DOGE is buying and selling at almost $0.0726 at time of writing. The ninth-ranked crypto asset by market cap is up 0.08% prior to now 24 hours however down greater than 0.7% prior to now seven days.
Shiba Inu is buying and selling at $0.000009 at time of writing. The Sixteenth-ranked crypto asset by market cap is down greater than 1.3% prior to now day and greater than 0.22% prior to now week.
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