Cardano Meme Coin Snek (SNEK) Hits New All-Time High, Price up 26%

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Cardano Meme Coin Snek (SNEK) Hits New All-Time High, Price up 26%
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Cardano-based meme coin $SNEK reaches new ATH, this is big for Cardano too: Crypto Capital Venture CEO cryptorecruitr

, visionary billionaire and mathematician, Ethereum co-founder Charles Hoskinson.

This is not the only meme coin on this popular blockchain that has gained wide attention in the crypto community recently. HOSKY meme coin has become popular among the Cardano community of late.This year, the trend of meme-inspired cryptocurrencies got a second wind. Following the rising popularity of the original meme coin DOGE, its followers, inspired by Elon Musk and shiba inu dogs — SHIB, BabyDoge, FLOKI — coins based not only on dog memes began to emerge.

In April, an anonymous team of developers created and launched into the world PEPE, a coin inspired by the popular internet meme about Pepe the Frog. Then Snek followed Cardano with a picture of a snake on its logo. PEPE shook the market soon after it was released, surging in price and getting listed on multiple top exchanges, including the addition of it to the Innovation Zone of Binance. FLOKI was also added there.

Many smart traders have managed to earn millions of U.S. dollars on PEPE within a short period of time.

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