The universe of memecoins continues to shake the crypto industry, SNEK, a meme with the image of the snake, is now one of the rising stars. With its dazzling success, it is establishing itself as one of the jewels of the Cardano ecosystem. With a MarketCap exceeding $100 million and showing impressive growth, SNEK is no longer going unnoticed.
Unprecedented enthusiasm for SNEK!
Since the resounding success of the memecoin PEPE, many similar projects have emerged on various networks including Cardano. However, SNEK has managed to stand out from the competition thanks to its rapid adoption and the growing enthusiasm of the community. This Cardano Blockchain-based memecoin has grown exponentially, catching the attention of investors and crypto enthusiasts.
Over the past month, SNEK has originated over 250,000 transactions, reflecting increased activity on the network. Since its inception at the end of April, this token has seen a spectacular rise of 300%, demonstrating its remarkable performance in the market.
Most recently, SNEK saw a 140% increase in just one week, taking it to the second position among the most prized tokens in the Cardano ecosystem in terms of Marketcap.
According to data provided by MinSwap, SNEK recently hit an all-time high. On May 29, the token hit an all-time high of $0.00090, with a peak market cap of $65 million.
However, just two days later, on May 31, SNEK pushed the limits again by recording a new high at $0.00152, taking its MarketCap to $116 million. These impressive performances of 50% testify to the exceptional dynamics that drive SNEK.
In short, the season of memecoins seems far from over. Since its introduction in May, SNEK has captured the attention of traders and investors. His enthusiasm is reminiscent of that sparked by PEPE a few weeks ago. This growing popularity could potentially lead to SNEK listing on major exchanges. Such a step would be likely to trigger a new rally for this memecoin.
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