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Highlights
- Many new and unknown meme-based tokens have done well in the last few weeks and made a severe impact on Monday.
- While Dogecoin's likes were seeing red and were down by 0.60%, Shiba was slightly better and was up by 0.78%.
The meme-based tokens were on fire on Tuesday. While the entire world knows the impact of Dogecoin, Shiba Inu, Floki has had of late, many new and unknown meme-based tokens have flown under the radar and made a severe impact on the market.
The meme-based tokens have flooded the market, with new memes making a debut almost daily. While Dogecoin's likes were seeing red and were down by 6.12%, Shiba too was down by 3.74% at the time of writing (BST 8:00 am).
3 meme-based tokens flying high this week
Let's look at the top 3 meme-based gainers of the day who outscored their opponents by a massive margin.
HUSKYX crypto (HUSKYX)
HUSKYX is the little brother of Dogecoin, and it's challenging its big brother and the likes of Shiba. On Monday, it proved that it could very well challenge the biggies. Dubbed as a decentralised community experiment, it claims to be divided into two halves -- one-half of the tokens has been sent to Vitalik Buterin. The other half is locked to a Uniswap pool.
It claims to have no founder, and just like other memes, and was born on the internet. It was one of the biggest gainers of the day as it registered gains of about 145.24%. On Tuesday, the 3168-ranked crypto was trading at US $0.000003 with a 24-hour trading volume of US $898,604.
Its gains were largely due to the announcement of minting 20 NFTs and get a US$300 bonus to the BNB wallet. Besides, it has also announced that it will be giving away Apple iPhone Pro Max to all the users who will help them reach a market cap of US$3 million.
Angry Squid (AngrySquid)
Angry Squid operates on Binance Smart Chain protocol, and Netflix's Squid Games inspire it. Developed as a smart marketing tool and its website, it will allow users to earn enough income outside of life.
It claims to have no founder, and just like other memes, it was born on the internet. It was another one to register massive gains of 119.60%. On Tuesday, the 3873-ranked crypto was trading at US$0.000015 with a 24-hour trading volume of US$$245,532.
Although the exact reason for the spike is not known, experts feel it is cashing in on the trend of the Squid Games hype worldwide.
SHIBACK (SHIBACK)
SHIBACK (SHIBACK) is a cryptocurrency launched earlier this month, is another crypto that is driving in big numbers. Operating on the Binance Smart Chain, the SHIBACK promises to be a reflection token with the auto-claim feature. The website claims that users can earn SHIB by simply holding the token in their wallets.
Another community-driven crypto claims to be highly secure and has been driving investor interest following its presale announcement. The investors seem to be impressed by its tokenomics, and though it's too new to assess, they are showing interest in the token.
On Monday, the 3411-ranked crypto was trading at US$0.001686 with a 24-hour trading volume of US$666,351. It was up by 162.40% in the last 24 hours, with a huge volume spike of 318%.
