As a researcher with a background in cryptocurrencies and meme coins, I find the current market situation fascinating. The recent surge of popular meme coins like Dogecoin, Shiba Inu, and PEPE is undeniable, but what’s equally intriguing are the lesser-known ones that have experienced significant price rallies this week.
Meme coins experiencing significant growth are clear signs of an approaching meme trend surge. Recent developments have seen impressive returns for Gamestop with a 1000% increase, ERC 20 gaining 510%, and numerous other coins showing similar trends. Furthermore, popular meme coins such as Dogecoin, Shiba Inu, PEPE, and others have consistently gained momentum throughout the week.
These widely favored coins hold a significant market share, while a handful of lesser-known ones experienced a surge in price during the past week. Let’s delve into the meteoric rise of some under-the-radar meme coins from this week.
1.MAGA VP (MVP)
As a crypto investor, I’m excited to report that MAGA VP, the token inspired by former US President Donald Trump, has experienced significant growth in the past 24 hours and this week. In just the last day, MAGA VP has seen a 12% increase in value. But what truly stands out is its impressive 209% surge during this current trading week. This means that any investors who jumped on board early have potentially reaped substantial profits. Currently, MAGA VP is priced at $0.6219 and boasts a market capitalization of $25,820,854. The token’s trading volume has also increased by 6% to reach $2,757,229.
2.MANEKI (MANEKI)
MANEKI, another popular meme coin on the Solana network, has experienced significant growth this week, increasing by an impressive 146%. The current price sits at $0.01284, representing a 44% increase in just the last 24 hours. With a market capitalization of $109,141,230, MANEKI‘s value has surged by 45%. This growth is driven by high demand as evidenced by a trading volume that has increased by 61% to reach $77,146,030. The price of MANEKI peaked last month at an all-time high of $0.02774.
3.Andy on SOL (ANDY)
As a crypto investor, I’ve noticed that Solana’s meme coin, Andy, has maintained a significant presence in the market. Over the past week, I’ve witnessed an impressive increase of 136.66% for Andy on the Solana blockchain. In just the last 24 hours, there’s been a further rise of 17%, pushing the price to $0.004406. The market capitalization has also grown substantially to reach a total value of $4,169,426. However, the trading volume has taken a slight dip and now stands at $2,040,142. Analyzing the weekly charts reveals that Andy peaked on the 16th when it reached an all-time high of $0.005516.
Final Thought
Meme coins have surged in favor among investors recently due to their potential for quick profits. Even amidst the volatile crypto market, meme coins managed to secure the largest price increases this past week. Consequently, the heightened interest has contributed significantly to a larger market value for this category of digital currencies as a whole.
Over the past few days, I’ve noticed a surge in price rallies for some less popular meme coins, including MAGA VP, MANEKI, and Andy on SOL. As an analyst, I can’t help but attribute this trend to the prevalent greedy sentiments among investors. These coins, which were previously overlooked by many, have seen significant returns this week.
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2024-05-18 13:13