Founding father of Crypto Capital Enterprise, large fan of Cardano and crypto YouTuber Dan Gambardello has drawn the eye of the crypto neighborhood to the truth that meme cryptocurrency Snek has reached a brand new all-time excessive.

Since this meme coin relies on Cardano, he tweeted that this milestone is an enormous one not just for Snek itself and its holders however for the Cardano chain general as nicely.

Congrats $snek holders, on the brand new all time excessive. That is large, not only for the challenge, however for #Cardano.

— Dan Gambardello (@cryptorecruitr) Might 26, 2023

Snek surges 26%: New all-time excessive

Snek is a meme coin launched in the course of Might. Earlier than the primary month of its existence out there has concluded, the coin has managed to achieve two all-time highs already.

The brand new historic value peak was reached earlier immediately on the $0.0005351 stage. By now, 24-hour development contains 26%, however nonetheless the coin is buying and selling round 7% under the all-time excessive.

Snek creators name the token “the chilliest meme coin on Cardano.” Earlier this week, Snek demonstrated staggering weekly development of greater than 200%. For the reason that all-time low when the coin was launched on Might 15, it has proven an enormous rise of 336.37%. The overall provide of it constitutes 76,715,880,000 Snek. The coin is presently ranked 2,729th on CoinMarketCap.

This meme coin has already attacked the eye of Cardano founder, visionary billionaire and mathematician, Ethereum co-founder Charles Hoskinson.

This isn’t the one meme coin on this in style blockchain that has gained large consideration within the crypto neighborhood just lately. HOSKY meme coin has develop into in style among the many Cardano neighborhood of late.

Meme cash on rise

This yr, the pattern of meme-inspired cryptocurrencies bought a second wind. Following the rising reputation of the unique meme coin DOGE, its followers, impressed by Elon Musk and shiba inu canine — SHIB, BabyDoge, FLOKI — cash primarily based not solely on canine memes started to emerge.

In April, an nameless workforce of builders created and launched into the world PEPE, a coin impressed by the favored web meme about Pepe the Frog. Then Snek adopted Cardano with an image of a snake on its emblem.

PEPE shook the market quickly after it was launched, surging in value and getting listed on a number of prime exchanges, together with the addition of it to the Innovation Zone of Binance. FLOKI was additionally added there.

Many good merchants have managed to earn thousands and thousands of U.S. {dollars} on PEPE inside a brief time period.