Memecoin

<ul><li>MONG trends on Twitter alongside PEPE with 295K tweets so far.</li><li>MongCoin (MONG) recorded a price gain of over 450% in the last 24h.</li></ul>In recent times, speculation and hype have undeniably proven to be the prime drivers of the memecoin season 2023. Contending with the viral PEPE coin, a new low-cap memecoin MongCoin (MONG) jumped 7874% in 3 days — from $0.00000000781 (on Apr. 29) to its new ATH at $0.00000006665.As per the statistics, MongCoin (MONG) skyrocketed more than 454% in the last 24 hours to trade at $0.00000006185.Specific details of the memecoin project — such as circulating supply and market capitalization — stand unverified by leading crypto data aggregators such as CoinMarketCap and Coingecko. Per the MongCoin team, at press time, a total of 565.8 trillion MONG tokens stood with a value of $30.8 million in the cryptocurrency market.MONG, at press time, is the 2617th cryptocurrency by market capitalization on <a href="https://coinmarketcap.com/currencies/mongcoin/" rel="noopener noreferrer nofollow">CMC</a>. The memecoin is currently available for trading on Uniswap, both on v2 and v3, as the MONG/WETH pair.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/e71d8e3578f843b383c888135a87623a.jpeg" />Source: TwitterNotably, MONG landed on the trending list with 295K tweets on Twitter, reflecting the community’s enthusiasm toward the project.Interestingly, on its official website, the project declared:<blockquote>“$MONG is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. the coin is completely useless and for entertainment purposes only.”</blockquote><h3 id="the-memecoin-season">The Memecoin Season</h3>This year started off displaying the bullish market sentiment of memecoins. Initially, the Doge-themed memecoins — DOGE, SHIB, <a href="https://thenewscrypto.com/floki-floki-price-prediction/" rel="noopener noreferrer nofollow">FLOKI</a> and BABYDOGE — exhibited favorable price rallies. Remarkably, April paved the way for the <a href="https://thenewscrypto.com/memecoins-dominance-pepe-wojak-investors-receive-massive-return/" rel="noopener noreferrer nofollow">dominance of frog-themed PEPE</a> in the crypto market. Infamous memecoins such as MONG and BOBA are beginning to stage their hype cycles parallel to them.One speculative question — Will the memecoins hype be sustained for a longer period in the sector? – lingers among the crypto community.

A “Useless” Memecoin Shot up 7874% In 3 Days, Rivaling PEPE?

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