Currently, PNUT, PEPE, DOGE, as well as Memecoin (MEME), Peanut (NUX) and 8-Bit Coin (COIN) are the most popular crypto assets on the market, Santiment said. According to analysts, Bitcoin ranks seventh in terms of the level of discussion on social networks.
The trading volume on the meme coin market reached $58.9 billion, and the market capitalization exceeded $119 billion. In the medium term, interest in such virtual coins will remain at a high level, experts are confident.
Memcoin PNUT has seen a sharp rally over the past week and is trading at around $1.69 with a market cap of $1.68 billion, up 2925.65% in a month.
PEPE has performed well, rising 95.77% over the past 30 days, in contrast to DOGE, which has fallen 7.9% over the past 24 hours and 50.87% from its all-time high of $0.7376.
Earlier, Binance Research platform specialists presented the results of a study according to which, since 2022, the share of memecoins in the altcoin market has grown from 4% to 11%. Investors are showing increasing interest in this class of digital assets, experts say.#
