Cardano

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	In recent months, SNEK, a memecoin within the Cardano ecosystem, has been making waves with its rapid rise in popularity. With a surge in transaction volume and a remarkable increase in value, SNEK has emerged as one of the prominent tokens within the Cardano network, drawing attention and enthusiasm from investors and enthusiasts alike.
<img decoding="async" class="alignnone wp-image-21839 size-full" src="https://crypto.ro/en/wp-content/uploads/2023/06/SNEK.jpeg" alt="SNEK" width="1460" height="460" srcset="https://crypto.ro/en/wp-content/uploads/2023/06/SNEK.jpeg 1200w, https://crypto.ro/en/wp-content/uploads/2023/06/SNEK-300x95.jpeg 300w, https://crypto.ro/en/wp-content/uploads/2023/06/SNEK-1024x323.jpeg 1024w, https://crypto.ro/en/wp-content/uploads/2023/06/SNEK-768x242.jpeg 768w, https://crypto.ro/en/wp-content/uploads/2023/06/SNEK-750x236.jpeg 750w, https://crypto.ro/en/wp-content/uploads/2023/06/SNEK-1140x359.jpeg 1140w" sizes="(max-width: 1460px) 100vw, 1460px" title="SNEK memecoin achieves new heights in Cardano ecosystem 2">
SNEK has achieved an outstanding feat by facilitating over 250,000 transactions in the past month alone.
This notable achievement underscores the active involvement of the <a href="https://crypto.ro/en/cryptocurrencies/cardano">Cardano</a> community within the SNEK ecosystem. As more users embrace SNEK, the token&#8217;s transactional activity continues to soar, surpassing expectations and demonstrating a growing interest in its potential.
Since its inception, SNEK has experienced a remarkable growth rate, skyrocketing by an impressive 300%.
Also SNEK has skyrocketed by an impressive 140% in the past week alone, solidifying its position as the second-largest token in the Cardano ecosystem by market capitalization.
<blockquote class="twitter-tweet">
So <a href="https://twitter.com/search?q=%24SNEK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$SNEK</a> finally did it! 100M MC! Congrats to all holders!!!! Next step, 1B MC. Onwards and upwards! <a href="https://twitter.com/snekcoinada?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">@snekcoinada</a> <a href="https://twitter.com/hashtag/SNEK?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#SNEK</a> <a href="https://twitter.com/hashtag/SNEKTOAPENNY?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#SNEKTOAPENNY</a> <a href="https://t.co/cTCc1V3BxV" rel="nofollow" target="_blank">pic.twitter.com/cTCc1V3BxV</a>
— $099 | TheArab.eth | <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1e6-1f1fa.png" alt="🇦🇺" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1f3-1f1ff.png" alt="🇳🇿" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f40d.png" alt="🐍" class="wp-smiley" style="height: 1em; max-height: 1em;" /> (@f1raaa5) <a href="https://twitter.com/f1raaa5/status/1663736759904256000?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">May 31, 2023</a></blockquote>
On May 29, the token achieved an all-time high of $0.00090 and a peak market capitalization of $65 million. Surpassing expectations, SNEK experienced another surge on May 31, reaching a new high of $0.00152 and a peak market cap of $116 million, marking a remarkable 50% increase in just two days, as reported by MinSwap.
Presently, the asset boasts an impressive daily trading volume of $10.4 million, representing a remarkable 112% increase from its previous all-time high. This increased trading volume could potentially open doors for SNEK to be listed on other major exchanges.
Despite not having a <a href="https://crypto.ro/en/tag/whitepaper/">whitepaper</a>, SNEK says that the coin has a clear vision that sets it apart from other <a href="https://crypto.ro/en/tag/memecoins/">memecoins</a>. The token aims to create a &#8220;sustainable and inclusive community-driven token on Cardano&#8221; while providing a rewarding experience for its holders.
SNEK has achieved a significant milestone by securing a listing on the <a href="https://crypto.ro/en/education/best-crypto-exchange/">well-known crypto exchange</a> Bittrue for spot trading. This development marks a new era for Cardano native tokens and could pave the way for additional listings on other major exchanges, leading to even greater potential for a rally.
Following the announcement of Bittrue&#8217;s listing, SNEK experienced a temporary setback, plunging by 115% from its all-time high of $0.015 to $0.00071 during an 18-hour decline. This decline prompted some investors to take profits. However, the memecoin displayed resilience and began to recover, rallying back.

SNEK memecoin achieves new heights in Cardano ecosystem

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