{"id":49959,"date":"2023-05-18T09:31:39","date_gmt":"2023-05-18T13:31:39","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=49959"},"modified":"2023-05-18T09:31:42","modified_gmt":"2023-05-18T13:31:42","slug":"santiment-pepe-memecoin-faces-hurdles-in-bear-market","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/santiment-pepe-memecoin-faces-hurdles-in-bear-market\/","title":{"rendered":"Santiment: Pepe Memecoin Faces Hurdles In Bear Market"},"content":{"rendered":"\n

A summary of how Pepecoin (PEPE) has risen to a $1.5 billion market cap but may face challenges due to low retail participation.<\/p>\n\n\n\n

\"Santiment:<\/figure>\n\n\n\n

Pepecoin (PEPE) has reached an impressive valuation of $1.5 billion in a few weeks. However, the cryptocurrency may encounter difficulties amid a generally bleak trading environment. <\/p>\n\n\n\n

According to a Santiment report,\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> the surge of the memecoin was not largely attributed to retail traders, unlike other popular memecoins such as dogecoin (DOGE) and Shiba inu (SHIB).<\/p>\n\n\n\n

Pepecoin vs Dogecoin and Shiba Inu<\/h3>\n\n\n\n

In a recent analysis, Santiment compared the liquidity and trading metrics for the Memecoin<\/a> against Dogecoin and Shiba inu \u2013 These tokens themed after the Shiba Inu dog breed had a cumulative value of $160 billion at their peak.<\/p>\n\n\n\n

According to Santiment, the trading volumes of Dogecoin and Shiba Inu peaked at $70 billion and $40 billion, respectively. In comparison, the memecoin only managed a comparatively lesser $2 billion.<\/p>\n\n\n\n

\"\"
Source: Coindesk<\/use><\/svg><\/span><\/a><\/em><\/strong><\/figcaption><\/figure>\n\n\n\n

A significant factor here, however, is that the Memecoin raked up such volumes during a bear market \u2013 one that's marred with generally lower liquidity as key market makers scaled back crypto trading plans. <\/p>\n\n\n\n

This opens up the potential for future growth when overall market conditions are better.<\/p>\n\n\n\n

\n

“Although the memecoin's trading volume is significantly lower, it leaves room for growth and untapped potential,” “However, it also means that the liquidity and retail participation in the market for the memecoin is far less than what DOGE and SHIB experienced in previous years. In fact, it seems the retail landscape has changed dramatically, with retail participation appearing nearly nonexistent,”<\/p>\nSantiment<\/cite><\/blockquote>\n\n\n\n

Such a scenario has resulted in “dwindling volumes” for memecoin projects among retail traders outside of Crypto Twitter, which may not represent a token's actual popularity or impact in the real world.<\/p>\n\n\n\n

“Conversations continue, but it appears that the interest and investment from retail traders have significantly diminished,”<\/em> Santiment stated.<\/p>\n\n\n\n

According to Santiment, the social volume of the memecoin is comparable to that of DOGE<\/a> and SHIB<\/a> during their peak periods, despite variations in trading volume and liquidity.<\/p>\n","protected":false},"excerpt":{"rendered":"

A summary of how Pepecoin (PEPE) has risen to a $1.5 billion market cap but may face challenges due to low retail participation. Pepecoin (PEPE) has reached an impressive valuation of $1.5 billion in a few weeks. However, the cryptocurrency may encounter difficulties amid a generally bleak trading environment. According to a Santiment report, the […]<\/p>\n","protected":false},"author":44,"featured_media":48863,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26],"tags":[9856,132,650,2275],"class_list":["post-49959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies","tag-bear-market-2","tag-crypto","tag-memecoin","tag-pepe"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/05\/pepecoin.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/49959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=49959"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/49959\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/48863"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=49959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=49959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=49959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}