SHIB Woofs Its Way to Victory: 60% of U.S. Traders Choose Shiba Inu Over Pepe

"Shiba Inu (SHIB) Investors Struggle as Coin Trades at Record Low Amidst Competition from Pepe (PEPE)"

Shiba Inu (SHIB) holders are feeling the heat as the meme coin trades at $0.00001001, leaving nearly 186.38 trillion SHIB wallet addresses underwater. This struggle has been exacerbated by the rise of other meme coins like Pepe (PEPE), which recently hit a key resistance level at $0.00001011. According to data from IntoTheBlock, 143,000 wallet addresses holding 186.38 trillion SHIB are currently trading at a lower price than what they were purchased for.

However, if SHIB’s price breaks above the $0.00001011 resistance level, it could provide relief for these wallet addresses and potentially lead to a bullish thesis and recovery for SHIB. Despite the struggles, SHIB has retained its popularity among U.S. traders, generating 60.7% of U.S. interest in the meme coin category, according to a recent study by CoinGecko.

While SHIB has been struggling, other meme coins like PEPE have generated substantial profits for their holders. Over the past weekend, PEPE yielded over a 300% gain and saw a massive spike in its 24-hour trading volume, challenging competitors like Dogecoin (DOGE) and SHIB in the meme coin category. At press time, SHIB’s price had climbed 0.29% over the past 24 hours, while PEPE had climbed over 22% and was trading at $0.000001277.

It’s important to note that the views and opinions shared in this price analysis are published in good faith, and readers should do their own research and due diligence before taking any action. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

Martin Reid

Martin Reid

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