Pepe vs Floki: Is a battle brewing between the two memecoins?
Release: 2024/02/29 11:34 Reading: 319
- Original author：AMBCrypto
- Original source：https://ambcrypto.com/?p=372962
- Pepe and Floki dominate trending coin rankings.
- Both memecoins see consecutive price increases.
Pepe [PEPE] and Floki Inu experienced a notable increase in their social dominance over the past 48 hours. This surge can be linked to the recent upswing in the price and various metrics associated with these meme coins.
The memecoins trend atop social metrics
An examination of the trending tokens on Santiment revealed that Pepe and Floki Inu secured positions in the top four coins over the past 48 hours.
According to the chart, on 27th February, PEPE claimed the first spot with a positive sentiment of 43.7%, while FLOKI secured the fourth position with a positive sentiment of over 63%.
As of the current writing, PEPE maintained its first-place position with a 46% positive sentiment. FLOKI held the third position with a positive sentiment of over 64%.
Pepe and Floki surge in social dominance
A deeper analysis of the social dominance of these two memecoins showed a continuous upward trend since 25 February. On that date, FLOKI’s social dominance stood at 0.059%, but it has surged to 0.42% at the time of this writing.
Similarly, PEPE’s social dominance was 0.48% on 25th February, which has now risen to over 1.5%. This indicates that these memecoins have garnered increased attention and discussion in the crypto space over the past three days.
Pepe and Floki volume surge to highest in months
The trading volume is another notable metric that experienced a substantial surge in the past few days. Based on Santiment’s volume metric, Pepe recorded over 1.4 billion at the close of trading on 27th February.
At the time of this writing, the volume was approaching $1.4 billion. According to the volume metric analysis, this marked the highest volume range Pepe had witnessed in over six months.
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Source: Santiment
Similarly, the volume of Floki Inu also witnessed a surge, reaching over 360 million at the end of trading on 27th February. At the time of this writing, the volume was over $343 million, representing the highest volume observed in over three months.
Floki surged by over 70% in four days
An analysis of Floki Inu on a daily timeframe showed a seven-day uptrend in its price. Notably, the last three days have seen a more substantial increase, with the price range tool indicating a surge of over 70% in the last four days.
src="/uploads/20240229/170917958365e002bf21db1.png" data-lazy-src="/uploads/20240229/170917958365e002bf21db1.png">
Source: Trading View
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At the time of this writing, Floki Inu was trading at about $0.000057, reflecting an increase of over 14%. This surge represents the highest consecutive price increase for the memecoin in nearly a year.
Unsurprisingly, its social dominance has risen alongside Pepe, which is also experiencing a notable price increase of over 19% at the time of this writing.
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