CandleFocus Meme Coins DOGE, PEPE, PNUT Fuel Speculative Crypto Cycle: Santiment
2024-11-15
Author: Content Editor
Meme coins have been growing rapidly in popularity and value, even as the broader cryptocurrency market reaches new highs. Santiment, a data provider, reveals that meme coins, which are often based on themes like dogs or cats, are driving the current rally in the crypto market. Leading meme coins like Dogecoin, Peanut the Squirrel (PNUT), Pepe (PEPE), and Memecoin (MEME) are among the most popular. The meme coin sector's market cap has reached $119 billion, with a trading volume of $58.9 billion. While meme coins are trending, Bitcoin ranks seventh in terms of social media chatter. Dogecoin currently leads the meme coin pack but has experienced a significant drop from its all-time high. Despite market volatility, meme coins like PNUT, PEPE, and NUX have seen substantial growth in recent weeks. As with any investment, readers are advised to exercise caution and conduct their own research.
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