• The Santiment report suggests that Pepecoin (PEPE) may face challenges in the generally bleak trading environment.
• Santiment compared the liquidity and trading metrics of Pepecoin to Shiba Inu (SHIB) and Dogecoin (DOGE).
• Pepecoin achieved a comparatively lower $2 billion in daily volumes, due to retail traders being absent from its rise to $1.5 billion market cap.

Pepecoin Could Face Challenges Amid Bleak Trading Environment

A new report by on-chain analytics firm Santiment comparing the liquidity and trading metrics for pepecoin (PEPE), shiba inu (SHIB), and dogecoin (DOGE) suggests PEPE could face challenges amid a generally bleak trading environment. While SHIB and DOGE hit trading volumes of $40 billion and $70 billion respectively at peak, PEPE managed only a comparatively lesser $2 billion. This is due to retail traders being absent from its rise to $1.5 billion market cap, resulting in “dwindling volumes” for meme coins like PEPE.

Retail Traders Absent From Pepecoin’s Rise

At peak, Dogecoin was worth a cumulative $160 billion, while Shiba Inu hit record highs of $40 billion in daily volumes. However, retail traders were mostly absent from Pepecoin’s stellar rise to its current market cap of over $1.5 billion despite it having billions of dollars in daily volume as well as copycat tokens springing up all over the crypto space. This absence has led to dwindling volumes for meme coins such as PEPE, resulting in its relatively lower performance against other meme coins like DOGE and SHIB when compared side-by-side according to Santiment’s metrics.

Bear Market Conditions At Play?

Santiment noted that while there is still room for growth with regard to PEPE’s trading volume, bear market conditions have likely contributed significantly towards this lack of retail participation in the crypto economy overall – with key market makers scaling back their crypto trading plans as a result of the bearish nature of the current climate.

Future Potential For Growth?

Despite these issues posed by bear markets, Santiment believes that there is still potential for future growth with regard to PEPEs trading volume – provided that more favorable conditions return within the broader crypto landscape eventually; providing more opportunities for retail investors re-enter into this space without taking on excessive risk levels as they had done previously during bull markets where returns were higher but risks were also much greater than what they are now during these bear markets..

Conclusion

In conclusion, while PepeCoin has taken off recently amidst lower liquidity levels which has resulted from bearish market conditions discouraging retail investors from participating – there is still potential for further growth within this token given better macroeconomic conditions allowing more room for them participate without taking on undue risk levels again – so long as those conditions return eventually within time..