The cryptocurrency market had an exciting day with notable gains across several tokens. Leading the pack is $FRED, which saw an astounding 249% increase. This massive surge has caught the attention of investors, positioning $FRED as the top gainer of the day, according to Top 7 ICO. It is clear that this token is making waves, with its price rise drawing interest from traders.
Meme Tokens Make Waves: $PNUT, $DOGE, and $BONGO Post Big Gains
Following is $PNUT which is also known as Peanut the Squirrel. This token rose by 224% which is a good rally. This shows the increase in the uptake of meme-based coins in the crypto sphere as the project grows impressively. With this sharp rise, $PNUT is already on its way to becoming the favorite for short-term speculators.
Next to $PNUT is $DOGE, the meme coin that has been synonymous with the crypto space for quite some time now. Dogecoin was up 142% and cemented its place as one of the most recognizable crypto assets. Originally, $DOGE was created as a meme cryptocurrency but is still actively discussed due to its active and growing community.
$BONGO also rose considerably today. This meme token has also surged and is on track with other tokens that have seen massive growth with a 134% increase. The surge shows that more and more people are starting to look for fun, community-based coins such as $BONGO.
$SHRUB and $HIPPO Surge, Signaling Ongoing Meme Coin Momentum
Close on the heels of it is $SHRUB that saw a 108% increase. Shrub the Hedgehog is still proving that the highly specific, meme-oriented tokens can still gain a significant amount in value when the market is right for such assets. It is another example of how small tokens can start trending and gather a community of people around them.
Last but not least, the $HIPPO and the $NOMNOM also made it to the top 7 with an increase in their share by 101% and 95.1%, respectively. Both tokens are witnessing increasing demand, which means that the meme coin craze is not over yet. The increase in these tokens also confirms the volatility of the market where anything is possible in the short term.
