Bittime – Is the cryptocurrency world experiencing meme coin fever again? The period when these internet-inspired tokens are once again busy being discussed on social media.
A recent report from Phoenix Group, a social media analytics company, highlights the 10 most talked about meme coins based on “Engaged Posts” (likes, comments, retweets, upvotes) over a 24-hour time frame
Here is a breakdown of Meme Coin's Top 10 Players:
1. Dogecoin (DOGE)
The undisputed champion of social media, DOGE remains the king of the meme coin jungle with a fantastic tally of more than 17,300+ "Engaged Posts". This overwhelming online support cements its position as the most popular and widely discussed meme coin.
2. PEPE the Frog (PEPE)
In a surprising twist, PEPE emerged as a strong contender with a significant gain of over 14,400+ “Engaged Posts”. This unexpected increase suggests broader interest in meme coins beyond the usual names.
3. Shiba Inu (SHIB)
The loyal Shiba Inu follows DOGE closely, securing a respectable position with over 10,000+ “Engaged Posts”. This performance highlights the continued popularity of the Dogecoin spinoff.
4. BONK
This newcomer barked his way into the conversation with a noteworthy number of Engaged Posts of over 5,000.
5. FLOKI
Keeping up with BONK, FLOKI also joined in with more than 4,000 "Engaged Posts".
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6. PORK
Even though it is a little-known meme coin, PORK is able to bark quite loudly on social media with around 3,000 "Engaged Posts". This shows that the PORK community is quite active and enthusiastic in spreading information and news about their coin.
7. TREES
BOME, a meme coin inspired by explosives, managed to "explode" on social media with around 2,800 "Engaged Posts". BOME's popularity is likely driven by its unique humor and creative community in creating meme content.
8. SNACKS
SNEK, the clever snake, appears on the list of most active meme coins with around 2,500 "Engaged Posts". The SNEK community may consist of individuals who enjoy reptiles and appreciate the unique properties of their coins.
9. BRETT
Brett, a meme coin named after a person, rounded out the list with around 2,300 Engaged Posts. Despite his simple name, Brett has managed to attract the attention of the meme coin community in a unique and interesting way.
10. COQ
COQ, the rooster, took the last position on the list with around 2,300 "Engaged Posts". Even though it is a relative newcomer, COQ shows potential to grow in the world of meme coins with its active community.
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The Surge in Memecoin Social Media Activity According to Mark Martinez
The surge in social media activity around meme coins could be driven by several factors," explains industry analyst Mark Martinez. "The recent positive momentum in the broader cryptocurrency market may be attracting investors looking for non-traditional options with high profit potential, driven by the funny and viral nature of coin memes."
You Need to Be Careful When Examining the Memecoin Phenomenon
However, Martinez stressed caution: "While meme coins offer an exciting entry into the world of crypto, thorough research and a clear understanding of the inherent risks are essential before investing."
Conclusion
Despite the potential pitfalls, Phoenix Group data shows an online community that is active and passionate about meme coins. From the undisputed dominance of DOGE to the unexpected rise of PEPE and the growing number of new competitors, this internet-born cryptocurrency continues to spark conversation and capture the attention of the crypto world.
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To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
Trading Meme Coin: Trends, Speed, and Profit!
Guide to Choosing a Meme Coin: Don't Believe the "We're More Than Just Memes" Narrative
Meme Coin Trends 2024: Joke or Crypto Future?
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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