Top Tokens By Volume/Market Cap Ratio đ„
Here's one more indicator that memcoins are the most vital narrative right now.
The Volume/Market Cap Ratio compares a tokenâs trading volume over 24 hours to its total market cap. A higher ratio indicates more trading activity relative to the tokenâs overall value, which could suggest heightened interest or momentum in the market.
So, I went through the top 500 tokens by market cap and analyzed the volume/market cap ratio.
Here are the results:
- Four out of the top five tokens are memecoins.
- APE's performance is extraordinary but was influenced by yesterday's massive pump.
- Nevertheless, also MEW, NEIRO, and BOME have a volume/mcap ratio of ~0.5 â which is immense.
Here's the complete list:
1 â Apecoin $APE â Volume/Mcap Ratio: 1.27
2 â Cat In A Dogs World $MEW â 0.53
3 â First Neiro On Ethereum $NEIRO â 0.47
4 â BOOK OF MEME $BOME â 0.43
5 â Holo $HOT â 0.35