Investors Monitor Shiba Inu and PEPE Coin Trends
Release: 2024/06/06 09:19 Reading: 447
Investors Monitor Shiba Inu and PEPE Coin Trends
The emergence of Dogecoin sparked global interest in the concept of meme coins. This trend has since captured the attention of investors and introduced new players to the crypto market. Shiba Inu (SHIB) emerged as a prominent follower of Dogecoin. Despite market fluctuations, SHIB retains its second position, instilling high hopes among investors. Additionally, PEPE Coin has gained significant traction in the market.
Shiba Inu (SHIB)
Investors speculate on SHIB potentially reaching $1, a possibility made challenging by its massive supply. Despite significant burns, SHIB's 589 trillion supply and $15 billion market cap hinder its progress towards this target.
However, investors remain optimistic due to the team's ongoing burn mechanism and the anticipated launch of Shibarium. SHIB has witnessed a 4.31% increase in the past 24 hours, trading at $0.00002572. Its 24-hour trading volume has also surged by over 50%, indicating growing investor interest.
PEPE Coin
PEPE has garnered attention by achieving consecutive all-time highs. After a brief dip, it has recovered and is currently trading at $0.00001448, representing a 1.24% increase over the past 24 hours. Its market cap exceeds $6 billion, placing it among the top 20 cryptocurrencies. The 7% increase in its trading volume suggests elevated investor interest.
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