• Today, Snek (SNEK) recorded a new all-time high of $0.001188.
• SNEK’s price had soared by 45% in the last 24 hours.

Cardano-based meme coin Snek has garnered a lot of attention from the crypto community, which has helped SNEK coin reach its peak. 

SNEK emerged in the cryptocurrency marketplace on May 15 and has since recorded a huge spike in attention and price as it competes with Dogecoin and Shiba Inu, even though it is only in its first month. Also, the memecoin has reached a new all-time high every day. As the Snek coin becomes the eighth largest meme coin, as per its official announcement. 

At the time of writing, the SNEK price had soared by 45% in the past day to trade at $0.001119. Also today, SNEK reached an all-time high of $0.001188. SNEK has a market cap of $89 million and a 24-hour trading volume of $7 million, which rose about 120%.

Snek (SNEK) Price Chart (Source: CoinMarketCap)

What is SNEK Memecoin

Shiba Inu and Dogecoin, two of the most well-known meme coins, have changed the story over time with groundbreaking technological advancements. Also, the memecoins have received a lot of support from cryptocurrency investors due to their potential to increase significantly. 

However, the new meme token SNEK project aims to create an inclusive and sustainable community on the Cardano blockchain and provide token holders with a rewarding experience, as per the Snek website. Further, the website does not show a roadmap. 

There are 25 Cardano-based meme coins, including Hosky Token, DGAF, and A SHIB. However, Snek is the first to have had a significant impact in terms of its price movement and social media presence.

Moreover, the largest centralized cryptocurrency exchange, MEXC Global, is listing this new memecoin, SNEK, on its trading platform.