Shiba Inu: Shiba Inu, often referred to as the “Dogecoin killer,” gained rapid popularity due to its low entry price and high potential returns. However, recent performance has shown signs of struggle. Shiba Inu’s price has faced significant pressure, failing to maintain its earlier highs. The overall market sentiment has shifted, with many investors seeking more sustainable and innovative projects.
Pepe: Pepe Coin experienced a meteoric rise, hitting an all-time high on May 27, 2024. However, it has since seen a dramatic correction, with its price dropping by over 32% from its peak. The decline is attributed to profit-taking activities by major holders and a growing divergence between rising prices and falling daily relative strength index (RSI). Despite a long-term bullish outlook, short-term signals suggest bearish momentum, adding to investor uncertainty.
