How to Interpret the Sentiment of the Crypto Market

Comparison Analysis of Dogecoin, Pepe Coin, and Shiba Inu Coin

Currently, we will analyze in detail the market data, technical analysis, and community trends regarding three meme coins that many investors are paying attention to: Dogecoin ( DOGE ), Pepe Coin ( PEPE ), and Shiba Inu Coin ( SHIB ).

Dogecoin: A veteran meme coin, but short-term gains may be difficult.

Dogecoin is currently trading at around $0.23, with a market capitalization ranking 10th in the world, a 24-hour trading volume of approximately 35 billion yen, and a circulating market cap of about 249.7 billion yen, boasting top-class figures in the entire cryptocurrency market.

On the technical side, the RSI indicator has entered the oversold zone, suggesting the possibility of a rebound, while the MACD shows a downward trend and market volatility is increasing. The activity within the community remains high, and statements from celebrities can still influence prices, but recently there have been no major technical updates or partnership announcements.

Dogecoin has a solid community foundation as the "original meme coin," but since its price is already at a high level, it may be difficult to expect significant short-term increases. Long-term holding is possible, but it would be wise to temper expectations for rapid price increases.

Pepe Coin: Potential for Short-Term Surge with Low Price and High Activity

The emerging PepeCoin is currently trading at about $0.000010, with a market capitalization ranking 39th in the world. Its 24-hour trading volume is approximately 8.959 billion yen, and its circulating market cap is around 36.887 billion yen. Although its scale is smaller than that of Dogecoin, this indicates a larger potential for growth.

On the technical side, it still has some instability as a new meme coin, but due to its low price, it is susceptible to market sentiment. On the community side, it has a strong cultural characteristic centered around "humor and rebellious spirit," and it implements a flexible marketing strategy that frequently generates topics on social media.

Pepecoin has a more active community than Dogecoin, and since its price is low, it can be said that the potential for short-term gains is the highest. However, since meme coins are essentially "emotional investments," it is important to remember that there is a significant risk of volatility, and investments should be kept to disposable funds.

Shiba Inu Coin: Difficult Situation for Short-Term Rise Due to Declining Trading Volume

Shiba Inu Coin is currently trading at around $0.000012, but the circulating supply of 589 trillion coins is very high, which is a burden on price increases. The number of new addresses has also decreased by 40%, slowing the pace of community expansion. However, there are innovative efforts being made to reduce the circulating supply of the token, such as burns through NFT trading and revenue sharing from in-game items.

On the technical side, the trading volume is extremely low and market attention is limited. On the community side, there has been no major news recently, resulting in a lack of activity.

Shiba Inu Coin is currently in a stagnant state, with a small market capitalization and low trading volume, and there is no new discussion or technical support in sight. A significant short-term increase is difficult to expect unless there is a sharp rise in the overall market, and it may be wise to wait and see at this point.

Summary

If you are considering short-term investment, Pepe Coin is the most promising. This is due to the community's activity and low price, which are likely to cause emotional price fluctuations. If you are thinking about holding long-term, Dogecoin is suitable as it has a stable community foundation, but it is better not to expect significant short-term increases. Shiba Inu Coin is currently in a situation where it is difficult to expect returns commensurate with the risks, so it is advisable to be modest with investments for the time being.

Finally, it's important to note that meme coins are inherently investment based on "empathy" and are prone to sharp rises and falls. When investing, it is crucial to practice thorough risk management and ensure appropriate capital allocation.