Altcoins
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As of May 26, 2023, the Snek (SNEK) cryptocurrency based on Cardano (ADA) has increased by 25%, according to analytical trackers. This is a new historical price high for this digital currency.
Snek is a coin-meme that was released in mid-May this year on the basis of the Cardano blockchain and has become one of the most popular in this space. A new all-time high was reached earlier at $0.000535 on the morning of May 26, 2023. As of 14:00 Moscow time, the price has corrected to $0.000499. Earlier in the week, the cryptocurrency showed an increase in quotes by more than 200%.
Industry researchers noted that since the level when the coin was launched on May 15, its rate has already skyrocketed by 336%. The market capitalization of the virtual asset was fixed at $37.82 million. And the total supply of SNEK coins circulating in communication amounted to 76.71 million
This token even caught the attention of Cardano founder Charles Hoskinson. He noted that there is a place for any projects in his network and stressed that the hype around this asset will benefit the network.
Market analysts noted that this is far from the only meme-cryptocurrency on this blockchain that has attracted wide attention recently. For example, HOSKY has become very popular among members of the Cardano network.
In April 2023, an anonymous development team created and launched the PEPE meme token, inspired by the popular Internet meme about the frog Pepe. This was the start of the hype around this virtual asset class this year. In the shortest possible time, Pepe quotes grew several hundred times, and investors were able to quickly get rich. Cryptocurrency also appeared on the world’s largest centralized exchanges, reaching a maximum capitalization of $1.82 billion.
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