In a recent crypto analysis report, Mutahir Showkat, the Indian crypto enthusiast and CEO of Clout Scoop, offered his perspective on two meme coins that have been garnering attention in the cryptocurrency realm: Shiba Inu (SHIB) and Pepe Coin (PEPE).
Mutahir’s analysis delved into the current market dynamics of both SHIB and PEPE, shedding light on their price movements and potential investment opportunities.
Discussing SHIB, Mutahir highlighted its recent trading performance, noting a significant increase in value over the last 24 hours. Despite experiencing fluctuations in the past, SHIB’s bullish outlook and substantial trading volume indicate a positive sentiment among investors, with particular emphasis on its popularity within the Indian market.
Transitioning to PEPE, Mutahir observed a notable surge in its value within the same timeframe, along with substantial trading activity. While PEPE may not exhibit the same explosive growth as SHIB, its steady performance and optimistic market sentiment suggest potential for long-term investment.
Mutahir emphasised the importance of considering risk factors when evaluating investment options, acknowledging SHIB’s volatility alongside its profit potential. Conversely, PEPE offers a more stable alternative, albeit with less dramatic growth potential.
