🔥 PEPE vs SHIBA: Comparing Two Meme Tokens' First Days

9 мая 2023 г.

PEPE and SHIBA are arguably very much alike. Both are so called meme tokens which made incredible returns in a span of a couple of weeks. Millionaires were made here.

As with all highly traded tokens, both arrived at Binance at some point in their lifetime.

As with a lot of tokens, the fact that it's arrived on Binance is not necessarily bullish in the short-term. The announcement is bullish, but once trading opens there's a high probability for a dump. Buy the rumor sell the news.

SHIB dropped nearly 90% in the first month after it arrived on Binance. PEPE has dropped around 65% within the first 4 days. Although there's definitely a decent probability for a nice reversal, we should also consider the fact that PEPE can drop much lower.

On the other hand, once PEPE has stabilized it would likely be a decent time to start buying in anticipation for a potential pump (10x!) like SHIB.

Remember that PEPE will most likely follow a different path than SHIB did back in 2021. Trading based on fractals is ill-advised, but can still offer some guidance on what we can potentially expect.