Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Themed cryptocurrencies have recorded explosive gains over the last few sessions as Bitcoin opened the patch to the sought-after $100,000.
Meanwhile, Santiment data shows meme tokens have gained popularity, fueling the prevailing bull rally.
The increased interest in the tokens positions top memes for remarkable gains in the upcoming months.
Vantard (VTARD), introducing the first Meme Index Fund in the crypto world, looks to capitalize on these trends to outperform the digital assets marketplace.
The new project has seen remarkable investor interest. Its presale has raised over $824K within three weeks.
Speculative assets drive ongoing rallies
Meme cryptocurrencies have dominated the current bull run, with tokens like Peanut the Squirrel (PNUT), Dogecoin (DOGE), PEPE, COIN, NUX, and MEME topping social media chatter.
Santiment
@santimentfeed
·Follow
🗣️ The top trending tokens in crypto are being dominated by meme coins as speculative assets dominate this historic bull rally. The top 6 notable assets seeing significantly higher discussion rates across social media are PNUT, PEPE, DOGE, MEME, NUX, and COIN. Bitcoin sits at #7.
33
Reply
Copy link Read 2 replies
Meanwhile, Bitcoin ranked 7th in social media discussions, confirming massive interest and cash flow into meme coins.
The market capitalization of all meme assets stands at $118 billion after plunging 6% over the past day, with over $55 billion in daily trading volume highlighting massive trader activity.
Source – CoinGecko
Themed tokens performance
Dogecoin remains the Bitcoin of meme tokens, with its market capitalization above $53.85 billion.
The original memecoin capitalized on Elon Musk’s endorsement amid the US elections to outperform, currently ranking 6th in the crypto space by value.
Nonetheless, Peanut the Squirrel stole the show in the ongoing crypto boom, gaining over 1,600% the previous week.
Source – Coinmarketcap
Its price hovers at $1.81 as bears resurface following Bitcoin’s 3% 24-hour dip to $88,130 at press time.
PNUT plunged 16% on its daily chart, with a 45% drop in 24-hour volume signaling weakness – an expected trend after a remarkable 3366% jump over the past month.
Meanwhile, PEPE touched new all-time highs after gaining nearly 100% on its 30-day chart. MEME, NUX, and COIN soared 30%, 134%, and 50% the previous month.
With meme tokens remaining the cornerstone of the crypto space, analysts expect the asset class to remain elevated in the upcoming sessions.
That bodes well with the new Vantard (VTARD), which aims to transform the themed token space and lead the pack during the “memecoin supercycle.”
Vantard presale top $820K
Vantard is a new crypto project that plans to democratize the meme space with its Meme Portfolio.
It will incorporate top-performing themed tokens, allowing everyone to participate in the “memecoin supercycle.”
It includes top coins like Dogwifhat and Popcat and a periodically rebalanced portfolio of top Solana memes.
Vantard is already exceeding expectations, raising over $820K as it attracts investors stuck searching for a legit meme to invest in.
Moreover, the fund will incorporate emerging coins and mid-cap cryptos, like AURA, MICHI, and GIGA.
Its one-of-a-kind approach allows interested players to join the “memecoin supercycle” for potential 1,000x gains.
You can find more about the next big thing in the meme token space through Vantard’s official website.
The post Vantard (VTARD) ICO accelerates as memes PNUT, PEPE, DOGE drive crypto boom appeared first on Invezz
Publication date
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.