According to CryptoPotato, Cardano's memecoin Snek (SNEK) has experienced a substantial increase in its price, rising by 25% in 24 hours, 170% weekly, and 230% over the last month. This surge in value coincides with Cardano's (ADA) positive trend, which has seen a 13% increase, reaching almost $0.50 for the first time since August 2022.
The memecoin market, including tokens like Dogecoin, Shiba Inu, and Bonk Inu, is undergoing a period of notable growth, possibly contributing to the rising interest and value in assets like SNEK. One less-known token, Bonk Inu (BONK), has recently seen its price explode to an all-time high, with its market capitalization surpassing $750 million, positioning BONK as the 80th largest digital asset in the entire sector.
