Bitcoin

Dogecoin

Shiba Inu

<p><strong>Pepe (PEPE) and Shiba Inu (SHIB) have both been trading near their highs for the past ten days. Recently, the Shiba Inu team announced plans for a marketplace that could transform Web3 commerce, though no specific timeline was provided.</strong></p><h2 id="header-0"><strong><a href="https://playaigames.online/" rel="noopener noreferrer nofollow">Artificial Intelligence Games launches its native token, AIG. The pre-sale is live. Expected 10X Profit, Join Pre Sale At PlayAiGames.online</a></strong></h2><h2 id="header-1"></h2><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/267b708d0cb143369a681082619283e3.png" /><p></p><p>On the other hand, Pepe faced a rejection at a key resistance level, leaving its bulls with fewer reasons to be optimistic. With these developments, the question now is which of the two memecoins has a more promising outlook for July.</p><h3 id="pepe-vs-shiba-inu-technical-analysis-for-july">PEPE vs Shiba Inu: Technical Analysis for July</h3><p>Pepe (PEPE) has been trading within a range from $0.0000099 to $0.0000076. Currently, the price is supported at the mid-range level of $0.0000088, while the previous support zone of $0.000009-$0.0000096 has now become resistance. On the 6-hour chart, the Relative Strength Index (RSI) is below 50, and the On-Balance Volume (OBV) is in a downtrend, indicating a lack of buying pressure and suggesting potential further losses.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/e7445f07663e4444a773182016bd175f.png" /></p><p>Source: SHIB/USDT on TradingView</p><h2 id="header-2"><strong><a href="https://playaigames.online/" rel="noopener noreferrer nofollow">Artificial Intelligence Games launches its native token, AIG. The pre-sale is live. Expected 10X Profit, Join Pre Sale At PlayAiGames.online</a></strong></h2><p>In contrast, Shiba Inu (SHIB) has formed a trading range over the past two weeks, spanning from $0.0000174 to $0.0000127. SHIB appears to have a more bullish short-term outlook. Unlike PEPE, Shiba Inu’s OBV is moving sideways, not declining, and its RSI is above 50, indicating upward momentum. Technical analysis shows Shiba Inu’s price is near the high end of its range, with indicators suggesting a more positive short-term trend compared to PEPE.</p><h3 id="pepe-vs-shiba-inu-on-chain-metrics-and-valuation">PEPE vs Shiba Inu: On-Chain Metrics and Valuation</h3><p>The Network Value to Transactions Ratio (NVT) for PEPE recently spiked, suggesting that the token was relatively overvalued compared to its circulating value. Despite this, the 30-day Market Value to Realized Value (MVRV) was negative, indicating that PEPE might be undervalued in the short term. This implies that while PEPE appears overvalued relative to its circulation, it is undervalued based on recent price action.</p><p>However, the on-chain metrics for PEPE reveal several weaknesses. Organic demand is weakening, as evidenced by a downtrend in daily active addresses and a strong decline in mean coin age, which signals distribution. Though the NVT ratio is not as high as it was in late April, the 30-day MVRV is edging into positive territory, and the mean coin age has been increasing slightly, suggesting some accumulation.</p><h2 id="header-3"><strong><a href="https://playaigames.online/" rel="noopener noreferrer nofollow">Artificial Intelligence Games launches its native token, AIG. The pre-sale is live. Expected 10X Profit, Join Pre Sale At PlayAiGames.online</a></strong></h2><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/21ce2c4483164d358ad3ceb530ea4f13.png" /><img src="https://academy-public.coinmarketcap.com/optimized-uploads/99375426c7cd4e3cab19b425d1e93ded.png" /></p><p>Source: Santiment</p><p>In contrast, Shiba Inu (SHIB) shows more robust metrics. On July 13th, SHIB had more daily active addresses compared to PEPE (3,738 vs. 2,325). SHIB’s technical and on-chain data indicate a firmer foundation for bullish expectations, reflecting stronger overall demand and a more positive outlook.</p><p><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</p><p><strong>#SHIB </strong> <strong>#ShibaInu </strong> <strong>#Dogecoin </strong> <strong>#Pepe </strong> <strong>#Memecoins </strong> $PEPE  $SHIB  $DOGE</p>

PEPE vs. Shiba Inu: July Memecoin Showdown

Innehållsförteckning

CryptosHeadlines.com

Andra artiklar publicerade 15 juli 2024

Tether Faces Decline Amidst Rising Stablecoin Competition and Regulatory Changes

Whale Accumulation Pattern Sets LINK for Major Reversal Amid Surging Momentum

Politician Pepe (POLPEPE) Solana Memecoin Investor Generates Over 400% Return And Waits For 18,00...

Top Presales for July 2024 July 2024

Trump Assassination Attempt Sparks Memecoin Market Surge

Bernstein Reiterates $200,000 Bitcoin Target and Initiates Coverage on Core Scientific and IREN

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!