- Bitcoin ranks seventh within the listing of cash with the best mentions on social networks.
- Meme cash PNUT, PEPE and DOGE occupied the highest 3 positions.
- NUX and COIN are up 57.80% and 42.71% respectively within the final week.
Meme cash have seen explosive progress over the previous month, even because the broader crypto market hits new highs. Information from Santiment reveals the rise in reputation of those speculative tokens, typically based mostly on themes corresponding to canines or cats.
Santiment highlighted on X (previously Twitter) that speculative property are driving the present rally, with meme cash trending prominently. Primarily based on social media dialogue charges, main meme cash corresponding to Peanut the Squirrel (PNUT), Pepe (PEPE), Dogecoin (DOGE), Memecoin (MEME), Peanuts (NUX) and 8-Bit Cash (COIN) are among the many hottest in meme token class.
Apparently, Bitcoin (BTC) ranks seventh with regards to social media chatter, indicating a major circulation of capital into the meme coin sector. The sector's market capitalization has soared to $119 billion, although it has seen a 4.5% drop prior to now 24 hours, based on CoinGecko. Buying and selling quantity within the meme coin sector reached $58.9 billion.
Dogecoin presently leads the pack of meme cash, in any other case it’s sixth within the crypto market. Its market cap is $52.50 billion with a value of $0.3574. DOGE is down 7.9% and a considerable 50.87% from its all-time excessive of $0.7376 within the final 24 hours.
Benefits of meme cash
PNUT has proven unbelievable progress, rising 1626.4% within the final week. It presently trades at $1.69 with a market cap of $1.68 billion. Nevertheless, PNUT has additionally seen a 17.3% drop within the final 24 hours, though it's nonetheless up an incredible 2925.65% within the final month.
Additionally learn: Meme cash on Coinbase and Robinhood: Which initiatives might be listed subsequent?
PEPE has additionally carried out nicely, rising 95.77% within the final 30 days. MEME is up 16.56% over the previous week. PEPE is presently buying and selling at $0.00001962 whereas MEME is at $0.01267.
As well as, NUX is up 118.27% within the final 30 days and 10.30% within the final 24 hours. COIN jumped 42.71% within the final week.
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