Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
No Result
View All Result

Riding Wave of Millionaires, Caution is Needed

Altszn.com by Altszn.com
May 19, 2023
in Solana
0
Riding Wave of Millionaires, Caution is Needed
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter


  • PEPE is seeing a reducing trading volume which according to Santiment can imply shifting interest.
  • Memecoins have higher volatilities that make them risky to trade, hence the need for caution.

Although Pepe coin (PEPE) has made investors millionaires in only a few days, a report from on-chain analytics firm Santiment has highlighted issues that the memecoin may face in the midst of a generally grim crypto climate.

The report highlighted that PEPE may be experiencing potential challenges associated with lower retail participation and liquidity. The report emphasized that market liquidity and retail participation for PEPE are much lower than that of Dogecoin (DOGE) and Shiba Inu (SHIB) in the previous year.

Comparing peak trading volumes, PEPE reached $2 billion, while SHIB and DOGE reached $40 billion and $70 billion respectively. Limited retail participation means that there may be fewer retail investors actively trading and supporting the market for PEPE. This can affect the entire trading ecosystem, making it vulnerable to price manipulation and sudden price fluctuations by a few large players. 

Santiment went on to say that it appears the retail scene has shifted tremendously, with retail engagement becoming almost non-existent. If retail participation appears to be nearly nonexistent, it may indicate a shift in market dynamics or investor sentiment.

The cryptocurrency landscape can change rapidly, and investor preferences and behaviors can also evolve. Retail investors might be shifting their focus to other projects or platforms that they find more appealing or promising.

Furthermore, the collapse of the bankrupt FTX exchange and LUNA also had a major impact on the market, disappointing many “dinosaurs,” the report claims. 

Follow us for the latest crypto news!

On the Positive Side of PEPE

On the positive side, lower trading volume can indicate that there is untapped potential for growth. As the market develops and more investors become aware of the project, there may be an opportunity for increased liquidity and trading activity. This can potentially lead to price appreciation if demand for PEPE increases over time.

Interestingly, PEPE has comparable social volume within the crypto media to DOGE and SHIB during their peak periods. Social volume refers to the number of mentions, discussions, or interactions related to a particular cryptocurrency on social media platforms, forums, or crypto-specific channels.

If PEPE continues to generate significant interest within the crypto community and demonstrates meaningful progress in terms of adoption, partnerships, or technological advancements, it could potentially attract mainstream attention over time.

[thrive_leads id=”228374″]

Notably, crypto exchange Coinbase has been reported to be contemplating listing the PEPE on its platform. Recently, Elon Musk joined the discussion by making a subtle allusion to PEPE in a meme.

While PEPE may have a comparable social presence within the crypto community, its coverage and recognition in mainstream media are currently limited when compared to DOGE. This may be due to various factors such as the relative novelty or niche nature of the project, its community focus, or the absence of significant events or endorsements that attract mainstream attention.

Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.





Read More: www.crypto-news-flash.com

Tags: CautionMillionairesNeededRidingSolanawave
ADVERTISEMENT

Recent

Metaplanet issues $50M in zero-interest bonds to boost Bitcoin holdings

Metaplanet issues $50M in zero-interest bonds to boost Bitcoin holdings

May 28, 2025
Sui Steps in to Compensate Cetus Losses in Full After $223M Exploit

Sui Steps in to Compensate Cetus Losses in Full After $223M Exploit

May 28, 2025
Real-world assets could revitalize dying NFT lending market: DappRadar

Real-world assets could revitalize dying NFT lending market: DappRadar

May 28, 2025

Categories

  • Bitcoin (4,602)
  • Blockchain (10,944)
  • Crypto (8,887)
  • Dark Web (469)
  • DeFi (8,180)
  • Ethereum (4,635)
  • Metaverse (6,977)
  • Monero (258)
  • NFT (1,185)
  • Solana (4,952)
  • Web3 (20,047)
  • Zcash (473)

Category

Select Category

    Advertise

    Advertise your site, company or product to millions of web3, NFT and cryptocurrency enthusiasts. Learn more

    Useful Links

    Advertise
    DMCA
    Contact Us
    Privacy Policy
    Shipping & Returns
    Terms of Use

    Resources

    Exchanges
    Changelly
    Web3 Jobs

    Recent News

    Metaplanet issues $50M in zero-interest bonds to boost Bitcoin holdings

    Metaplanet issues $50M in zero-interest bonds to boost Bitcoin holdings

    May 28, 2025
    Sui Steps in to Compensate Cetus Losses in Full After $223M Exploit

    Sui Steps in to Compensate Cetus Losses in Full After $223M Exploit

    May 28, 2025

    © 2022 Altszn.com. All Rights Reserved.

    No Result
    View All Result
    • Home
      • Home – Layout 1
      • Home – Layout 2
      • Home – Layout 3

    © Altszn.com. All Rights Reserved.

    • bitcoinBitcoin (BTC) $ 108,963.00
    • ethereumEthereum (ETH) $ 2,639.01
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.30
    • bnbBNB (BNB) $ 682.43
    • solanaSolana (SOL) $ 174.30
    • usd-coinUSDC (USDC) $ 0.999778
    • dogecoinDogecoin (DOGE) $ 0.222998
    • cardanoCardano (ADA) $ 0.751683
    • tronTRON (TRX) $ 0.276438
    • staked-etherLido Staked Ether (STETH) $ 2,637.31
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 108,857.00
    • suiSui (SUI) $ 3.72
    • hyperliquidHyperliquid (HYPE) $ 35.55
    • wrapped-stethWrapped stETH (WSTETH) $ 3,177.00
    • chainlinkChainlink (LINK) $ 15.89
    • avalanche-2Avalanche (AVAX) $ 23.32
    • stellarStellar (XLM) $ 0.286550
    • shiba-inuShiba Inu (SHIB) $ 0.000014
    • leo-tokenLEO Token (LEO) $ 9.07
    • bitcoin-cashBitcoin Cash (BCH) $ 417.94
    • hedera-hashgraphHedera (HBAR) $ 0.185907
    • the-open-networkToncoin (TON) $ 2.99
    • wethWETH (WETH) $ 2,637.70
    • litecoinLitecoin (LTC) $ 95.64
    • usdsUSDS (USDS) $ 0.999802
    • polkadotPolkadot (DOT) $ 4.54
    • wrapped-eethWrapped eETH (WEETH) $ 2,817.21
    • bitget-tokenBitget Token (BGB) $ 5.34
    • moneroMonero (XMR) $ 334.29
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
    • pepePepe (PEPE) $ 0.000014
    • pi-networkPi Network (PI) $ 0.741808
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 108,941.00
    • whitebitWhiteBIT Coin (WBT) $ 31.82
    • aaveAave (AAVE) $ 269.39
    • uniswapUniswap (UNI) $ 6.74
    • bittensorBittensor (TAO) $ 446.68
    • daiDai (DAI) $ 0.999872
    • nearNEAR Protocol (NEAR) $ 2.83
    • aptosAptos (APT) $ 5.36
    • jito-staked-solJito Staked SOL (JITOSOL) $ 209.79
    • okbOKB (OKB) $ 51.99
    • tokenize-xchangeTokenize Xchange (TKX) $ 37.60
    • ondo-financeOndo (ONDO) $ 0.944786
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • crypto-com-chainCronos (CRO) $ 0.097388
    • internet-computerInternet Computer (ICP) $ 5.32
    • ethereum-classicEthereum Classic (ETC) $ 18.59
    • bitcoinBitcoin (BTC) $ 108,963.00
    • ethereumEthereum (ETH) $ 2,639.01
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.30
    • bnbBNB (BNB) $ 682.43
    • solanaSolana (SOL) $ 174.30
    • usd-coinUSDC (USDC) $ 0.999778
    • dogecoinDogecoin (DOGE) $ 0.222998
    • cardanoCardano (ADA) $ 0.751683
    • tronTRON (TRX) $ 0.276438
    • staked-etherLido Staked Ether (STETH) $ 2,637.31
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 108,857.00
    • suiSui (SUI) $ 3.72
    • hyperliquidHyperliquid (HYPE) $ 35.55
    • wrapped-stethWrapped stETH (WSTETH) $ 3,177.00
    • chainlinkChainlink (LINK) $ 15.89
    • avalanche-2Avalanche (AVAX) $ 23.32
    • stellarStellar (XLM) $ 0.286550
    • shiba-inuShiba Inu (SHIB) $ 0.000014
    • leo-tokenLEO Token (LEO) $ 9.07
    • bitcoin-cashBitcoin Cash (BCH) $ 417.94
    • hedera-hashgraphHedera (HBAR) $ 0.185907
    • the-open-networkToncoin (TON) $ 2.99
    • wethWETH (WETH) $ 2,637.70
    • litecoinLitecoin (LTC) $ 95.64
    • usdsUSDS (USDS) $ 0.999802
    • polkadotPolkadot (DOT) $ 4.54
    • wrapped-eethWrapped eETH (WEETH) $ 2,817.21
    • bitget-tokenBitget Token (BGB) $ 5.34
    • moneroMonero (XMR) $ 334.29
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
    • pepePepe (PEPE) $ 0.000014
    • pi-networkPi Network (PI) $ 0.741808
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 108,941.00
    • whitebitWhiteBIT Coin (WBT) $ 31.82
    • aaveAave (AAVE) $ 269.39
    • uniswapUniswap (UNI) $ 6.74
    • bittensorBittensor (TAO) $ 446.68
    • daiDai (DAI) $ 0.999872
    • nearNEAR Protocol (NEAR) $ 2.83
    • aptosAptos (APT) $ 5.36
    • jito-staked-solJito Staked SOL (JITOSOL) $ 209.79
    • okbOKB (OKB) $ 51.99
    • tokenize-xchangeTokenize Xchange (TKX) $ 37.60
    • ondo-financeOndo (ONDO) $ 0.944786
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • crypto-com-chainCronos (CRO) $ 0.097388
    • internet-computerInternet Computer (ICP) $ 5.32
    • ethereum-classicEthereum Classic (ETC) $ 18.59