- PEPE’s Social Dominance and Sentiment
- Shiba Inu’s MVRV Ratios Indicate Recovery
- Will Dogecoin Price Recover?
Meme coins have experienced ups and downs this bull run. After significant pumps in March, many disappointed investors throughout the year. Let's consider the three largest meme coins by market cap: Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), and what lies ahead for them.
PEPE’s Social Dominance and Sentiment
PEPE's price fluctuates with its social dominance. Santiment's data shows that when PEPE gains more social media attention, its price rises, and vice versa. Experts note that PEPE is sensitive to speculative trading, and traders should heed social trends. The weighted sentiment also indicates a predictive relationship, where increased positive sentiment often precedes price rises.
Shiba Inu’s MVRV Ratios Indicate Recovery
Shiba Inu (SHIB) shows a correlation between its price movements and the MVRV ratio (Market Value to Realized Value). Data indicates that SHIB's 30-day MVRV highlights significant losses among short-term holders, often signaling a buying opportunity. Meanwhile, the 365-day MVRV remains neutral, showing resilience among long-term holders. As the MVRV ratio approaches neutral territory, SHIB's price may recover in the near term.
Will Dogecoin Price Recover?
Dogecoin's (DOGE) price continues to follow a trend of high volatility. Analysis suggests a strong correlation between DOGE's price and its MVRV ratios. The 30-day MVRV shows significant fluctuations, reflecting speculative trading. Meanwhile, the 365-day MVRV remains negative, indicating losses among long-term holders. Social indicators suggest potential price swings based on discussion frequency online.
On-chain metrics provide valuable insights for predicting meme coin prices for Dogecoin, Shiba Inu, and Pepe. Traders and investors can utilize data on social dominance and MVRV ratios to forecast potential price movements. Future price fluctuations are likely to depend on changes in sentiment and social attention towards these tokens.
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