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Ethereum-Based Memecoin Skyrockets Its Way Into Top 100 Coins With 4,978% Rally in One Month

n70products by n70products
October 14, 2024
in Altcoin
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Ethereum-Based Memecoin Skyrockets Its Way Into Top 100 Coins With 4,978% Rally in One Month
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A brand new memecoin has seemingly come out of nowhere to interrupt into the highest 100 crypto property by market cap with unbelievable rallies.

SPX6900 (SPX), a reference to the S&P500 index which satirically aspires to “topple the S&P 500 by attaining a staggering $69 trillion market cap” is presently up almost 5,000% within the final 30 days.

On September thirteenth, SPX was buying and selling at $0.0179 and is presently valued at $0.909 a month later with a $849 million market cap. It’s presently up almost 69,000% from its all-time lows recorded earlier this yr.

Screenshot 2024 10 12 at 22.16.04
Supply: CoinGecko

Says the memecoin’s official web site,

“As SPX6900 marches in direction of its $69 trillion market cap, it rewrites the principles of finance, proving that the ability of group perception and the attract of huge numbers can certainly reshape the world.

In its wake, the S&P 500 seems quaint, a relic of a bygone period the place conventional metrics of worth reigned supreme. The ascent of SPX6900 heralds a brand new monetary epoch, the place meme tokens seize the creativeness and wallets of buyers worldwide, proving as soon as and for all that within the digital age, the dimensions of your quantity really is every part.”

At time of writing, SPX6900 is the Ninety fifth-largest crypto asset by market cap.

Crypto veteran Chris Burniske is expecting massive issues from memecoins within the present digital asset market cycle.

The enterprise capitalist lately mentioned on the social media platform X that “memecoins’ tendency to set off” suggests they are going to be greater than forecasted going ahead.

“The cultural relevance some NFT (non-fungible token) collections garnered in 2021 might be surpassed by some memecoins. Not right here to endorse a horse, however the pattern is evident.”

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Disclaimer: Opinions expressed at The Every day Hodl are usually not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal threat, and any losses you might incur are your accountability. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please be aware that The Every day Hodl participates in internet affiliate marketing.

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