Based on recent market performance and analysts' predictions, **PEPE** and **SHIB** have their own merits in terms of upside potential, making it difficult to simply assert which cryptocurrency has greater growth potential. Here is a detailed analysis of both:
PEPE
**Recent Performance**: PEPE's trading price has dropped in the past 24 hours, but the overall trend still shows some growth potential. According to the latest data, PEPE's trading price is $0.00001745, indicating stable performance near a key support level.
- **Market Sentiment**: PEPE's Market Value to Realized Value (MVRV) ratio has dropped to 41.92%, indicating that the token may be severely undervalued, providing a buying opportunity for new investors. Additionally, retail-driven trading activity has increased, particularly with a 66.67% rise in transactions in the $10-$100 range, showing growing interest from small investors.
- **Technical Analysis**: PEPE's Relative Strength Index (RSI) is 41.59, indicating an oversold condition, which may suggest potential short-term volatility and recovery. However, breaking through the key resistance level of $0.00002200 is crucial to confirm bullish momentum.
SHIB
**Recent Performance**: SHIB's price has increased by 6.29% in the past 24 hours, reaching $0.000024. This rise is mainly driven by market optimism, especially in anticipation of a pro-crypto government led by former President Trump being inaugurated in the U.S.
- **Market Sentiment**: SHIB's whale activity is significant, with a recent entity withdrawing 22 billion SHIB tokens worth $4.63 million from Binance, which is typically closely related to increased interest from institutional investors or high-net-worth individuals.
- **Technical Analysis**: SHIB has successfully broken through the strong resistance level of $0.000029, providing a solid foundation for its rise to $0.00008. If this positive sentiment continues, SHIB is likely to achieve this goal in the coming months.
Comprehensive Analysis
**Short-term Potential**: PEPE may gain greater upside potential in the short term due to improved market sentiment and increased retail activity. Its oversold condition and breakout from key support levels may indicate an impending recovery.
- **Long-term Potential**: With its large community support and ecosystem (such as the ShibaSwap exchange and Shiba Inu metaverse), SHIB may have greater upside potential in the long term. Additionally, SHIB's technical indicators (such as hidden bullish divergence) also support expectations of price increases in the coming months.
It is important to note that the cryptocurrency market has a high degree of uncertainty and volatility. The above analysis is for reference only and does not constitute investment advice. Investors should consider their own risk tolerance and carefully assess market trends and project fundamentals when making decisions.