Analysts of the Santiment platform reported that memcoins like Peanut the Squirrel ($PNUT
), Pepe ($PEPE
) and Dogecoin ($DOGE
) have surpassed bitcoin in popularity. Experts measured popularity by the number of mentions on social networks.

Now PNUT, PEPE, DOGE, as well as Memecoin (MEME), Peanut (NUX) and 8-BitCoin (COIN) are among the most popular #Memecoins🤑🤑 on the market, stated in the Sentiment. According to analysts, bitcoin ranks seventh in terms of the degree 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 sure.

Memcoin PNUT has shown a sharp rally over the past week and is trading at around $1.69 with a market capitalization of $1.68 billion, showing an increase of 2925.65% over the past month.

PEPE has performed well, rising by 95.77% in the last 30 days, unlike DOGE, which has fallen by 7.9% in the last 24 hours and by 50.87% from a historical high of $0.7376.

Earlier, Binance Research platform specialists presented the results of a study according to which, since 2022, the share of memcoins in the altcoin market has increased from 4% to 11%. Investors are showing more and more interest in this class of digital assets, experts say.
#XRPPriceAction

Meme coins have seen explosive growth over the past month, even as the broader crypto market hits new highs. Data from Santiment shows an increase in the popularity of these speculative tokens, often inspired by animal themes like dogs and cats.
Speculative Assets Leading the Current Rally
Santiment highlighted on X (formerly Twitter) that speculative assets are driving the current market rally, with meme coins playing a significant role. Among the most popular tokens in this category, based on social media discussions, are Peanut the Squirrel (PNUT), Pepe (PEPE), Dogecoin (DOGE), Memecoin (MEME), NUX (Peanuts), and 8-bit Coins (COIN).
Interestingly, Bitcoin (BTC) ranks seventh in terms of social media discussions, suggesting a substantial capital flow into the meme coin sector. The market capitalization of this sector has reached $119 billion, even though it experienced a 4.5% drop in the last 24 hours. Trading volume in the meme coin sector reached $58.9 billion.
Dogecoin Leads Among Meme Coins
Dogecoin is currently leading the pack among meme coins and ranks sixth in the overall crypto market. Its market capitalization stands at $52.50 billion, with a current price of $0.3574. DOGE has dropped by 7.9% in the last 24 hours and is down 50.87% from its all-time high of $0.7376.
Significant Growth in Other Meme Coins
PNUT has shown impressive growth, surging by 1626.4% over the past week. It is currently trading at $1.69, with a market cap of $1.68 billion. Despite a 17.3% decrease in the last 24 hours, it remains up by an astonishing 2925.65% over the past month.
PEPE has also performed well, with a 95.77% increase in the past 30 days. MEME rose by 16.56% in the past week. PEPE’s current price is $0.00001962, while MEME trades at $0.01267.
Additionally, NUX has risen by 118.27% over the last 30 days and by 10.30% in the last 24 hours. COIN recorded a 42.71% increase in the past week.

#Memecoins🤑🤑 , #MemeWatch2024 , #CryptoPredictions , #pepe⚡ , #doge⚡

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