- Dan Gambardello, the founder of Crypto Capital Venture and a prominent Cardano enthusiast and crypto YouTuber, has brought the crypto community’s focus to the remarkable achievement of meme cryptocurrency Snek, which has reached a new all-time high.
- Snek, a meme coin that was launched in mid-May, has already achieved two all-time highs within its first month in the market. Today, it reached a new historic price peak at the level of $0.0005351.
Dan Gambardello, the founder of Crypto Capital Venture and a prominent Cardano enthusiast and crypto YouTuber, has brought the crypto community’s focus to the remarkable achievement of meme cryptocurrency Snek, which has reached a new all-time high. As Snek is built on the Cardano blockchain, Gambardello expressed on Twitter that this milestone holds significance not only for Snek and its holders but also for the broader Cardano network.
Meme Coin Snek Achieves New All-Time High, Surges by 26%
Snek, a meme coin that was launched in mid-May, has already achieved two all-time highs within its first month in the market. Today, it reached a new historic price peak at the level of $0.0005351. Although it has seen a 26% growth in the past 24 hours, the coin is currently trading approximately 7% below its all-time high.
The creators of Snek refer to it as “the chilliest meme coin on Cardano.” Earlier this week, Snek displayed astonishing weekly growth of over 200%. Since its launch on May 15, starting from an all-time low, the coin has experienced a massive surge of 336.37%. The total supply of Snek is 76,715,880,000 tokens. As of now, it is ranked 2,729th on CoinMarketCap.
The attention of Charles Hoskinson, the visionary billionaire, mathematician, and founder of Cardano, has been captured by this meme coin. It is not the only meme coin on the widely popular blockchain that has garnered significant attention in the crypto community as of late. Another meme coin called HOSKY has gained popularity among the Cardano community in recent times.
Meme Coins Making Waves: A Rise in Popularity and Attention
This year witnessed a resurgence in the trend of meme-inspired cryptocurrencies. Building upon the popularity of the original meme coin DOGE, other coins emerged, drawing inspiration from Elon Musk and shiba inu dogs. These coins, including SHIB, BabyDoge, FLOKI, went beyond dog memes.
In April, an anonymous developer team introduced PEPE, a coin inspired by the widely-known internet meme featuring Pepe the Frog. Shortly after its launch, PEPE made a significant impact on the market, experiencing a surge in price and securing listings on various prominent exchanges.
Notably, it was even added to the Innovation Zone of Binance. Snek, featuring a snake in its logo, followed suit on the Cardano blockchain. Traders with astute strategies managed to amass substantial profits, with some earning millions of dollars in a short span of time through investments in PEPE. The buzz around these developments encompassed topics such as Cardano, meme cryptocurrencies, PEPE, and SNEK.
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