Cryptocurrencies are popular overnight in the market by the new players joining the market due to technology enhancement in most of the existing markets. A token known as Meme Squad with the trading symbol MEMESQUAD has recently gone viral especially because people in the crypto industry still remain rather interested in meme-based tokens.
As of now, both tokens can be bought at $0.0001522 for Meme Squad, while it has spiked 36.81% in the past 24 hours. Such a tremendous spike in its prices has made the token rank 3899th in the global market, and as a new entrant, this is a great achievement.
At the present moment, the total market capitalization of Meme Squad is $ 152,230. It is less than those significant organizations like Dogecoin, but compared to other meme tokens, it could be considered relatively good. These market caps are all magnified when viewed with reference to the token’s fully diluted value or FDV, which stands at the identified market cap DM. That means that all the tokens of Meme Squad have to be currently circulating, which can influence its price trends.
Out of all these factors in Memesquad’s recent future performance, arguably the exciting feature is volume trading. In the last 24hrs, $69,230.00 was traded which represents 45.48% of the entire token Market Capitalization. Degree of liquidity: high trading volume to market capitalization, which is employed in other analyses to support the rising trader interest in the token.
Token distribution of Memesquads is also quite simple; even the total of even the maximum supply of MEMESQUAD is one billion. Conspicuously, with its total circulating supply and total supply different from other cryptos, Polkadot has a fixed total token supply of 1 billion, implying that all tokens issued are already in circulation in the market. However, some investors may consider that as a plus because the company doesn’t have any locked or reserved tokens, and one can purchase tokens for the total amount from the company at the moment.
Speaking of bestsellers that can be found in the book of crypto history, it is essential to mention that meme tokens are not unique to Meme Squad. For instance, Forbes revealed that this was evident in the first half of 2024 where several meme coins even outcompeted Bitcoin during $600 billion crypto trading. Such tokens as Dogwifhat, Pepe, and Floki went through the roof for 1000% and more while the same period saw BTC go up by 48%.
But before the meme coins, the would-be investors have to be cautious on how they put their money. As Bankrate analyst James Royal warned, “Meme coins may captivate public interest today but fade into obscurity tomorrow.” As these are regarded as extremely suspicious, their potential may also reach the summit, simultaneously with the possibility to tumble sharply.
Meme Squad’s performance should be viewed within the context of the broader crypto market’s recovery from the “crypto winter” of 2022. Other prolonged factors that have pulled people to the crypto market include drawing nearer to spotting Bitcoin ETFs and the advancement in other general market aspects. However the meme coin portion of the market makes its own base more on the sentiments, emotions, social media craze, and get rich quickly attitude and more than technological developments and real world problem solving solutions.
The usual precaution holds where anyone intends to ‘buy’ the cryptocurrencies; safety comes first, followed by adequate research should be done. Many meme coins may have no intrinsic value or functionality in actual applications; however the value of such tokens tends to drastically rely on people’s perception, thus people’s moods. While Meme Squad’s recent performance is impressive, it’s important to remember that past performance does not guarantee future results, especially in the highly volatile world of cryptocurrencies.
Hence, meme tokens are always sold in the crypto market, and even Meme Squad has recently experienced growth in its value. It has recently elicited a lot of interest because it has a very large price difference coupled with a high turnover relative to its market capitalization. Like with any purchase of space in this segment, it is a possible investment, so it is necessary to bear in mind that investment always has a certain degree of risk and should be accomplished with the help of an investment plan. The mentioned market is still quite a highly unstable part of the global crypto-market, containing many options and opportunities, as well as threats for those who decide to pay attention to it.
