๐ฅ PEPE vs SHIBA: Comparing Two Meme Tokens' First Days
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.
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.
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