According to a research by crypto intelligence portal Santiment, Pepe coin, the newest craze on the cryptocurrency market, has fallen short of matching the incredible success attained by its forerunners, Dogecoin and Shiba Inu. Despite all the fanfare and excitement surrounding PEPE, its peak performance is nothing compared to the incredible heights DOGE and SHIB have attained.
According to Santiment’s investigation, Shiba Inu and Dogecoin both reached astounding heights with trading volumes of $40 billion and $70 billion, respectively, whereas Pepe coin’s trading volume at its peak was just $2 billion.
The huge trading volume difference reveals a stark difference in Pepe coin liquidity and customer engagement. When compared to the roaring bull surge that Dogecoin and Shiba Inu enjoyed in heyday, PEPE’s delayed appearance in April looks to be a contributing factor to this significant lag. On the other hand, Pepe coin first appeared towards the end of the so-called “echo bubble,” a technical market recovery that came after a year of unrelenting loss.
The absence of considerable mainstream media coverage is another key drawback for Pepe currency. PEPE has had trouble getting the interest of traditional media sources while having comparable social media activity during crypto community peak times.
PEPE is limited to Crypto Twitter, unlike DOGE, which, owing to Elon Musk as well, garnered wide publicity across other news channels. This restricted exposure makes it difficult for the coin to gain acceptance outside of the crypto community.
