This week, the SNEK meme coin from the Cardano blockchain has emerged as one of the top market performers.
SNEK emerges as a leader
SNEK has surpassed the most well-known tokens in terms of market capitalization. Most analysts and traders are confident that it will continue to grow, reaching a new all-time high.
Current SNEK metrics
On November 18, SNEK was up 32% in the last 24 hours, trading at 0.004018 ADA, approximately $0.003. This marked a 65% increase over the last 7 days. The market cap reached $24.7 million, with a trading volume of 32,421 ADA, making it the most valuable token on the Cardano network. In comparison, tokens like WMTX and AGIX lag behind despite their significant value.
Community reaction and strategy
SNEK's price rally is part of an ongoing trend in the meme coin market. The community views positively the token's new all-time high, with project strategists reiterating that the journey has just begun. 'Snek is now the top token on Cardano in terms of total market cap,' said Rami, the chief strategist.
As of press time, SNEK showed a slight decline, but the project continues to attract attention and remains one of the most promising within the Cardano ecosystem.
