6 Meme Coins Taking Over Social Media: Santiment Report
Release: 2024/11/15 22:34 Reading: 741
- Original author：The Bit Journal
- Original source：https://thebitjournal.com/?p=69369
Meme Coins Dominate Crypto Landscape, Driving Market Activity
While Bitcoin remains prominent in cryptocurrency headlines, it has slipped to seventh place in terms of social media mentions. Santiment reveals that the ongoing crypto rally is fueled by the increasing popularity of meme coins, captivating investors and traders alike.
Top Meme Coins Steal the Spotlight
PNUT, PEPE, and DOGE lead a list of six meme coins that have become the center of market discussions. These speculative assets, inspired by themes like animals and pop culture, are experiencing explosive growth.
Bitcoin Lags in Social Media Buzz
Interestingly, Bitcoin now ranks seventh in social media discussions, indicating a shift in investor focus. Its market capitalization has declined by 4.5% in the past 24 hours but remains at $119 billion, with trading volumes reaching $58.9 billion.
Meme Coins Drive Market Value
Dogecoin, the leading meme coin, has a market cap of $52.50 billion, priced at $0.3574. Despite a 7.9% decline in the last 24 hours, it remains the sixth-largest cryptocurrency overall, though down 50.87% from its all-time high.
PNUT and PEPE Shine
PNUT has surged by an astounding 1,626.4% in the past week, reaching a market cap of $1.68 billion and trading at $1.69. PEPE has also seen a significant increase of 95.77% in the last 30 days.
Meme Coins: Speculative but Prominent
As meme coins continue to dominate the crypto landscape, they highlight the speculative nature of the current rally. While Bitcoin and other major cryptocurrencies remain important, these playful yet profitable assets are driving much of the market's energy.
Investors are advised to approach meme coins with caution, as they offer short-term gains but require careful analysis for sustainable investments.
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