Messari, a leading crypto market intelligence platform, recently shared an insightful growth analysis of Pepe (PEPE) and Shiba Inu (SHIB) on Twitter. According to their findings, PEPE’s market value per holder is exhibiting a comparable, yet expedited, growth trajectory compared to SHIB. This data sheds light on the evolving dynamics of the crypto market and highlights the potential of emerging digital assets.
As of the latest update, SHIB’s market capitalization stands at an impressive $5,127,578,039, securing its position as the second-largest meme coin in the market. On the other hand, PEPE trails behind in third place with a collective market cap of $614,841,091. It’s worth noting that SHIB also holds the 15th spot in the overall crypto project rankings, while PEPE sits at number 67. These figures highlight meme coins’ significant impact and influence in the ever-evolving world of cryptocurrency.
Despite PEPE’s impressive growth in market value per holder, it still has some catching up to do before it can surpass SHIB as the second-largest meme coin. Unfortunately, recent price fluctuations have made this goal even more challenging for PEPE.
In the last 24 hours, SHIB’s value has dropped slightly by 1.39%. However, it has managed to outshine PEPE, which suffered a significant loss of 7.07% during the same period. As a result, SHIB is currently trading at $0.000008694, while PEPE is exchanging hands at $0.000001571. This development follows a 0.59% decline in the total meme coin market cap, which now stands at $17,215,390,025.
In the past 24 hours, the market leaders Bitcoin (BTC) and Ethereum (ETH) have outperformed both meme coins. SHIB has experienced a slight dip of 0.16% against BTC and 0.72% against ETH. Meanwhile, PEPE has seen a more significant decline of 5.25% against BTC and 5.79% against ETH.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
