The Snek Price
The price of Snek rose by 7% in the last 24 hours to reach 0.001487 a.m EST, with the trading volume dropping 24% to $1.87 million.
Over the past month, the Cardano token has done well as it experienced a 37% increase.
$SNEK: The Top #Memecoin On The Cardano Blockchain. The Potential For #SNEK Is Massive! 🐍 @SnekCoinADA pic.twitter.com/rtg56cyxnd
— JAKE (@JakeGagain) January 12, 2024
The SNEK and ADA 7-day charts look almost identical, with ADA staying flat while SNEK surged by 9% to $0.001515 before correcting to $0.00148.
$SNEK is listed on 8 CEX and more are coming! 💯 Wait till those SNEK/USDT traders start to feel the FOMO! I don’t think they will listen to the recent SEC warnings! 😂 #SNEK to 1bn+ MC is more in play than ever as $ADA keeps moving! 🚀 pic.twitter.com/0BNRp5hTmT
— Qui 🐍 (@theonlyrealqui) January 10, 2024
Price Prognosis for Snek
SNEK has remained flat until 2023, but it surged 30 days ago after exchange listings and rediscovery by the community.
The Bollinger bands appear to be widening again after narrowing in the past 24 hours, indicating uncertainty for the token.
Its RSI score has moved toward the overbought territory but dropped as the price increase led some traders to sell and take profits rapidly.
The token could recover in the short term, retesting the resistance at $0.00150. On the other hand, a price rejection or negative market sentiment may cause a further correction, likely to a resistance-turned-support at $0.00140.
SNEK seems to follow ADA’s performance closely, indicating that ADA’s performance continues to dictate the performance of tokens running on Cardano’s blockchain. This is similar to Bitcoin’s dominance in the broader crypto industry.
Promising Alternative To Snek
SNEK is a popular meme coin, but Meme Kombat (MK) has emerged as a strong competitor with its innovative new platform designed for gamers and bettors.
$6.6 million has been passed💫$MK is moving quickly and we are working hard to create a captivating gaming experience👾 pic.twitter.com/JQh2OBWoRU
— Meme Kombat (@Meme_Kombat) January 11, 2024
Meme Kombat engages in meme battles with active betting and passive staking features, enticing users with rewards.
Notably, the ongoing pre-sale of MK has already managed to raise over $6.67 million.
The price of the token MK stands at $0.279, available in exchange for ETH or USDT.
Visit Meme Kombat
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Hot Take – Evaluating the Potential of Snek and Meme Kombat
SNEK and Meme Kombat are two captivating projects thriving on the ideas of community engagement, rewards, and potential for growth. Both coins provide unique dynamics and experiences, attracting investors and users from different corners of the cryptocurrency space. The stark difference in their approaches sets them on diverging paths, each with its unique allure and potential.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.