- SNEK is on a streak of consistently printing 30% gains.
- SNEK’s continuous rally has caught the attention of major crypto exchanges.
- After gaining 200% in a week, a major crypto exchange has decided to list the memecoin for spot trading.
SNEK has set the Cardano ecosystem ablaze with excitement and energy. The memecoin is rapidly gaining momentum within the community. It has emerged as one of the leading tokens in the Cardano ecosystem, breaking record after record.
Today, SNEK stands tall as a key contributor to Cardano’s DeFi. It is hyping up the community with its promise of a “rewarding experience.” After printing titanic gains, the token is now slithering its way to major crypto exchanges, which look to ride the wave of its hypnotic charm and harness its hiss-teria.
Riding the Wavesss
Cardano memecoin SNEK is on a positive trajectory, consistently registering 30% daily gains with venomous force. The token today is the primary driving force behind Cardano’s recent spike in activity and transactions. As the meme community flocks to get SNEK, the token has skyrocketed by over 1000% since its inception.
Since May 26, the token has surged by a fang-tastic 245% from $0.00044 to $0.0015. This has helped it become the third-largest token in the Cardano ecosystem by market cap, falling behind VYFI and AGIX.
Now, SNEK has ushered in a new era for Cardano native tokens by landing a listing on major crypto exchange Bittrue for spot trading. Bittrue’s interest in the memecoin could incite other exchanges to follow suit if the token maintains its momentum, leading to another potential rally.
However, given the historical performance of other tokens, listings on major exchanges can lead to brief declines as investors look to cash out on their astronomical gains.
Exchanging Handsss?
Following Bittrue’s announcement, SNEK plummeted by 115% from its all-time high of $0.015 to $0.00071 in an 18-hour decline as investors looked to capitulate on their gains. However, after hitting its lowest point for the day, the memecoin began to show signs of recovery and rallied.
SNEK regained some valor, soaring by 69% to a price level of $0.0012 at press time. Despite a 30% decline from its all-time high of $116 million, its market cap stands at $77 million, according to CoinMarketCap.
On a positive note, the token’s daily trading volume has substantially grown, reaching $13.8 million, marking a 36% increase. This surge in trading volume suggests heightened demand for SNEK, which could potentially help it get listed on other major exchanges.
On This Flipside
- PEPE reached a $1bn market cap in 19 days since launch.
- $PEPE scored 400% gains in its first week and entered the top 50 tokens by market cap.
- Dogecoin is the largest memecoin, with a $10 billion market cap.
Why This Matters
The hype surrounding SNEK has brought a lot of new users to Cardano, thanks to its consistent gains. The interest in the memecoin could propel the network to new heights.
Read more about SNEK:
Cardano Memecoin SNEK Surpasses $100M Market Cap and Records New High.
Source link: https://dailycoin.com/cardano-memecoin-snek-exchange-listing/
