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Quant Quant (QNT) $107.73 ↓ -1.99%
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DeXe DeXe (DEXE) $7.84 ↓ -2.76%
Pyth Network Pyth Network (PYTH) $0.11 ↓ -2.49%
Aerodrome Finance Aerodrome Finance (AERO) $0.74 ↓ -1.38%
Bitcoin Bitcoin (BTC) $114,192.56 ↓ -0.16%
Ethereum Ethereum (ETH) $3,604.18 ↓ -1.15%
XRP XRP (XRP) $2.95 ↓ -3.14%
Tether USDt Tether USDt (USDT) $1.00 ↓ -0.01%
BNB BNB (BNB) $761.97 ↑ 0.03%
Solana Solana (SOL) $163.90 ↓ -2.76%
USDC USDC (USDC) $1.00 ↓ -0.02%
TRON TRON (TRX) $0.34 ↑ 0.65%
Dogecoin Dogecoin (DOGE) $0.20 ↓ -2.09%
Cardano Cardano (ADA) $0.73 ↓ -2.60%
Hyperliquid Hyperliquid (HYPE) $37.48 ↓ -4.80%
Stellar Stellar (XLM) $0.39 ↓ -3.46%
Sui Sui (SUI) $3.41 ↓ -2.95%
Bitcoin Cash Bitcoin Cash (BCH) $560.86 ↓ -1.64%
Chainlink Chainlink (LINK) $16.39 ↓ -1.90%
Hedera Hedera (HBAR) $0.24 ↓ -3.13%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.02%
Avalanche Avalanche (AVAX) $21.95 ↓ -2.12%
Litecoin Litecoin (LTC) $116.23 ↓ -6.18%
UNUS SED LEO UNUS SED LEO (LEO) $8.99 ↓ -0.04%
Toncoin Toncoin (TON) $3.17 ↓ -4.63%
Shiba Inu Shiba Inu (SHIB) $0.00 ↓ -0.93%
Uniswap Uniswap (UNI) $9.50 ↓ -3.02%
Polkadot Polkadot (DOT) $3.60 ↓ -1.82%
Dai Dai (DAI) $1.00 ↓ 0.00%
Monero Monero (XMR) $290.39 ↓ -2.17%
Bitget Token Bitget Token (BGB) $4.33 ↓ -0.21%
Cronos Cronos (CRO) $0.14 ↑ 1.41%
Pepe Pepe (PEPE) $0.00 ↓ -2.64%
Aave Aave (AAVE) $255.61 ↓ -2.00%
Ethena Ethena (ENA) $0.57 ↓ -4.60%
Bittensor Bittensor (TAO) $340.62 ↓ -1.96%
NEAR Protocol NEAR Protocol (NEAR) $2.46 ↓ -2.25%
Ethereum Classic Ethereum Classic (ETC) $19.91 ↓ -3.15%
Mantle Mantle (MNT) $0.88 ↑ 0.01%
Ondo Ondo (ONDO) $0.92 ↓ -1.74%
Aptos Aptos (APT) $4.24 ↓ -1.19%
Internet Computer Internet Computer (ICP) $5.04 ↓ -3.60%
OKB OKB (OKB) $44.95 ↓ -1.98%
Pi Pi (PI) $0.34 ↓ -3.38%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.22 ↑ 0.12%
Kaspa Kaspa (KAS) $0.09 ↓ -3.44%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↓ -0.01%
Pudgy Penguins Pudgy Penguins (PENGU) $0.03 ↓ -4.48%
Algorand Algorand (ALGO) $0.24 ↓ -2.78%
GateToken GateToken (GT) $16.53 ↓ -0.83%
VeChain VeChain (VET) $0.02 ↓ -0.76%
Arbitrum Arbitrum (ARB) $0.38 ↓ -2.80%
Cosmos Cosmos (ATOM) $4.20 ↓ -1.41%
Bonk Bonk (BONK) $0.00 ↓ -6.28%
Render Render (RENDER) $3.51 ↓ -2.68%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $8.72 ↓ -1.79%
Story Story (IP) $5.85 ↓ -3.34%
Worldcoin Worldcoin (WLD) $0.93 ↓ -2.81%
Sei Sei (SEI) $0.28 ↓ -4.93%
Sky Sky (SKY) $0.08 ↓ -1.56%
Flare Flare (FLR) $0.02 ↓ -4.70%
Filecoin Filecoin (FIL) $2.33 ↓ -2.18%
SPX6900 SPX6900 (SPX) $1.65 ↓ -1.71%
XDC Network XDC Network (XDC) $0.09 ↓ -0.37%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.64 ↓ -3.20%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ -0.01%
Four Four (FORM) $3.77 ↑ 0.06%
Jupiter Jupiter (JUP) $0.46 ↓ -3.91%
KuCoin Token KuCoin Token (KCS) $10.52 ↓ -0.79%
Quant Quant (QNT) $107.73 ↓ -1.99%
Injective Injective (INJ) $12.88 ↓ -5.01%
Curve DAO Token Curve DAO Token (CRV) $0.89 ↓ -1.49%
Stacks Stacks (STX) $0.68 ↓ -3.75%
Pump.fun Pump.fun (PUMP) $0.00 ↑ 6.79%
Celestia Celestia (TIA) $1.62 ↓ -4.65%
Optimism Optimism (OP) $0.66 ↓ -3.30%
Conflux Conflux (CFX) $0.20 ↓ -3.98%
FLOKI FLOKI (FLOKI) $0.00 ↓ -3.40%
PayPal USD PayPal USD (PYUSD) $1.00 ↑ 0.00%
PAX Gold PAX Gold (PAXG) $3,367.44 ↑ 0.03%
Fartcoin Fartcoin (FARTCOIN) $0.95 ↓ -6.51%
Ethereum Name Service Ethereum Name Service (ENS) $25.78 ↓ -2.45%
Immutable Immutable (IMX) $0.50 ↓ -4.64%
The Graph The Graph (GRT) $0.09 ↓ -1.63%
PancakeSwap PancakeSwap (CAKE) $2.63 ↑ 0.55%
dogwifhat dogwifhat (WIF) $0.88 ↓ -2.92%
Kaia Kaia (KAIA) $0.14 ↓ -2.91%
Nexo Nexo (NEXO) $1.28 ↓ -1.55%
Tether Gold Tether Gold (XAUt) $3,359.94 ↑ 0.02%
Lido DAO Lido DAO (LDO) $0.92 ↓ -0.94%
MemeCore MemeCore (M) $0.51 ↓ -0.40%
Tezos Tezos (XTZ) $0.76 ↓ -5.26%
Sonic Sonic (S) $0.28 ↓ -6.16%
Vaulta Vaulta (A) $0.50 ↓ -3.16%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.19 ↓ -3.33%
Theta Network Theta Network (THETA) $0.76 ↓ -2.49%
IOTA IOTA (IOTA) $0.18 ↓ -1.18%
JasmyCoin JasmyCoin (JASMY) $0.01 ↓ -3.35%
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Gala Gala (GALA) $0.02 ↓ -1.95%
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DeXe DeXe (DEXE) $7.84 ↓ -2.76%
Pyth Network Pyth Network (PYTH) $0.11 ↓ -2.49%
Aerodrome Finance Aerodrome Finance (AERO) $0.74 ↓ -1.38%
Home Cryptocurrency

Meme Coins Take the Spotlight: What Does Their Growing Popularity Mean?

Lois Zaytsaw by Lois Zaytsaw
16 November 2024
in Cryptocurrency, News
Reading Time: 3 mins read
0
showcasing the popularity of meme coins in the crypto market. The image features prominent meme coin symbol

The meme coin market is experiencing a surge in attention as platforms like X (formerly Twitter) see increased discussions about tokens such as Peanut the Squirrel (PNUT), Dogecoin (DOGE), and Pepe (PEPE). With a total market value of $119 billion and a trading volume of $58.9 billion, meme coins continue to captivate investors.

Qubetics is 728x90 1 3

According to data shared by Santiment, meme coins, often themed around playful animals like dogs and squirrels, have gained significant traction within the crypto community. The rise in their popularity, driven largely by social media engagement, has fueled optimism about the sector’s growth and its ability to attract capital.

Table of Contents

Toggle
    • YOU MAY BE INTERESTED
    • Sell-Off Erupts: BONK Price Crashes Post-Robinhood Launch, XLM and PENGU Follow
    • CZ Fights Back: Binance Founder Seeks Dismissal of $1.76B FTX Lawsuit
  • Social Media Drives Meme Coin Momentum
  • Dogecoin Remains the Leader
  • Noteworthy Meme Coin Performances
  • The Bigger Picture

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Social Media Drives Meme Coin Momentum

Santiment’s analysis highlights how speculative assets are steering the current crypto rally. Among the most talked-about meme coins are Peanut the Squirrel (PNUT), Pepe (PEPE), Dogecoin (DOGE), Memecoin (MEME), Peanut (NUX), and 8-Bit Coin (COIN). These tokens have not only become favorites for crypto enthusiasts but have also managed to overshadow Bitcoin in terms of social media interactions.

While Bitcoin ranks seventh in social media engagement, meme coins dominate the discussions. CoinGecko reports that the meme coin market’s value has reached $119 billion, with a robust trading volume of $58.9 billion, showcasing its resilience despite short-term fluctuations.

🗣️ The top trending tokens in crypto are being dominated by meme coins as speculative assets dominate this historic bull rally. The top 6 notable assets seeing significantly higher discussion rates across social media are PNUT, PEPE, DOGE, MEME, NUX, and COIN. Bitcoin sits at #7. pic.twitter.com/j6IcBxT8c4

— Santiment (@santimentfeed) November 14, 2024

Dogecoin Remains the Leader

Dogecoin (DOGE) continues to lead the meme coin sector with a market cap of $52.5 billion, making it the sixth-largest cryptocurrency overall. Currently priced at $0.3574, DOGE has seen a 7.9% drop in the last 24 hours but retains its strong investor following. Despite being 50.87% below its all-time high of $0.7376, Dogecoin remains the face of the meme coin movement.

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Noteworthy Meme Coin Performances

The meme coin market has seen some impressive performances recently. Peanut the Squirrel (PNUT) surged by an astonishing 1626.4% in the past week, reaching a market cap of $1.68 billion. Trading at $1.69, PNUT has faced a 17.3% correction in the last 24 hours but still boasts a jaw-dropping 2925.65% gain over the past month.

Similarly, Pepe (PEPE) has risen 95.77% in the last 30 days, now priced at $0.00001962, attracting strong investor interest. Meanwhile, Memecoin (MEME) gained 16.56% in the past week and is currently trading at $0.01267.

The Bigger Picture

The growing popularity of meme coins highlights their evolving role in the crypto landscape. Their reliance on community engagement and viral trends gives them a unique appeal but also underscores their speculative nature. Investors should approach this sector with caution, balancing enthusiasm with informed risk management.

For more updates on the dynamic crypto market and meme coin trends, stay tuned to Turkish NY Radio.

Tags: dogecoinmeme coinPeanut the SquirrelPepe Coin
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Lois Zaytsaw

Lois Zaytsaw

Content Editor, News Meet Lois, a dynamic Crypto, Blockchain, and Finance Writer/Journalist based in the bustling metropolis of New York City. With a passion for technology and a keen understanding of finance, Lois has been covering the latest developments in the world of cryptocurrency and blockchain for several years. Her insightful articles have been featured in numerous leading publications, including The Wall Street Journal, Bloomberg, and CryptoBriefing. Lois' fascination with blockchain and cryptocurrency began during her time as a student at university, where she studied economics and computer science. She was drawn to the disruptive potential of blockchain technology to revolutionize the traditional financial industry, and since then, she has been following the latest trends and innovations in the space.

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