• Santiment has released a report comparing the liquidity and trading metrics of pepecoin (PEPE), shiba inu (SHIB) and dogecoin (DOGE).
• The report suggests that pepecoin may face challenges amid a generally bleak trading environment, as retail traders remain largely absent from its rise to $1.5 billion market cap.
• While dogecoin and shiba inu hit trading volumes of $70 billion and $40 billion respectively at peak, pepecoin managed only $2 billion – leaving room for growth in better market conditions.

Analysis of Pepecoin’s Rise

A new report by on-chain analytics firm Santiment compares the liquidity and trading metrics for pepecoin (PEPE) against shiba inu (SHIB) and dogecoin (DOGE). It suggests that PEPE could face challenges amid a generally bleak trading environment, as retail traders remain largely absent from its rise to $1.5 billion market cap.

Volume Comparisons

At peak, dogecoin and shiba inu hit trading volumes of $70 billion and $40 billion respectively, while pepecoin managed only $2 billion – suggesting an absence of retail participation. Despite this lower volume however, Santiment believes there is still potential for further growth once market conditions improve.

Retail Participation

Santiment’s report notes that “retail participation appears nearly nonexistent” when looking at pepecoins meteoric rise, resulting in “dwindling volumes” for meme coins overall. This lack of retail involvement could stand in the way of PEPEs continued success going forward.

The Future Of PepeCoin?

It remains to be seen how the meme coin economy will develop going forward given the current low levels of retail engagement with crypto assets such as pepecoin. With improved market conditions however, it is possible that volumes may increase leading to increased liquidity – paving the way for future growth potential within PEPEs ecosystem.

Conclusion

In conclusion, Santiment’s analysis indicates that despite its impressive performance so far, pepecoins long term success will depend on whether or not it can attract sufficient retail investor interest going forward.