INTRODUCTION

One of the major drivers of activity in the crypto space recently has been meme-coins, with a new wave of meme tokens, such as $Pepe, Bonk, Chad, and WOJAK, capturing attention and driving significant hype and speculation. In this analysis, we aim to compare the performance of two meme coins, $Pepe and $Shib, from different market cycles to gain insights into their current market performance. We will analyze key metrics such as price movements, Total Value Locked (TVL), and token holders to understand how these tokens have performed under various market conditions.

$Pepe

$Pepe, which launched a few weeks ago amidst uncertainty in the broader crypto space, has provided relief to prepared traders, with holding wallets reporting significant returns. We will delve into the price movements and other relevant metrics to gain a comprehensive understanding of $Pepe's performance.

$SHIB – SHIBA INU

During the 2021 crypto cycle, one particular coin, $SHIB - Shiba Inu, stood out and garnered attention not only in the meme-coin space but in the broader crypto market. The Shiba Inu ecosystem since moved from the initial hype in an attempt to evolve and form a cohesive blockchain ecosystem that creates shared value for token holders. We will explore the dynamics of $SHIB and assess its performance during the analyzed timeframe.

METHODOLOGY

For this dashboard, we will focus on the price movements of $Pepe and $Shib during the current market cycle, utilizing data starting from March 1st, 2023 for shib and data starting 14th March for Pepe(date of PEPE-WETH pool creation). To gauge stability, particularly in volatile markets like meme-coins, we will examine wallet balances to understand the level of centralization and associated risks these tokens face. Another key metric we will consider is the Liquidity Pool balances of these tokens. As a proxy, we will use their equivalent WETH pools on Uniswap V2, considering it as the most active pool for both tokens on-chain. By assessing liquidity levels, we can gain insights into the liquidity dynamics and potential market impact. Furthermore, we will analyze the price movements of the tokens themselves over the given time period and evaluate the influence of unique holders on the price. This analysis will enable us to explore the correlation between price trends and user behavior. By employing these methodologies, we aim to provide a comprehensive overview of the performance and market dynamics of $Pepe and $Shib, shedding light on their respective journeys in the crypto space.

Meme-coin Trends