Meme coin mania triggers triple-digit gains from Binance Smart Chain-based altcoins

The popularity of meme coins such as Shiba Inu and Dogecoin (DOGE), has been on the rise this week. A quick look at crypto Twitter shows many tweets in which aspiring traders talk about buying Lambos and quitting their jobs to become full-time traders.

SHIB and DOGE are the most prominent tokens, but they have not been the only ones to see a rise in price. The value of meme coins has increased on all major networks, including the Binance Smart Chain. This is a sign that all class retail investors are becoming bullish.

The top five most popular meme coins on the 7-day chart. Source: CoinGecko

We’re going to take a look at three Binance Smart Chain-specific tokens that have made respectable gains in the past week.

Hoge Finance

Hoge Finance (HOGE), a meme-loving, decentralized finance protocol, is described as being community-driven. It has a capped token stock with a deflationary mechanism which burns 1% at each transaction.

According to CoinGecko data, the price of HOGE rose 533% since Oct. 13, when it was at $0.0001 per day. On Oct. 28, its daily high was $0.000633, while its 24-hour trading volume jumped 330% to $12.3million.

Chart for 3 hours: HOGE/USD Source: CoinGecko

The team behind HOGE has been teasing the possibility of an upcoming listing on one the top five cryptocurrency exchanges, which is why HOGE’s price has risen so quickly. Apart from the promise, there is little to no information about the project. But, can’t we say the same for Dogecoin or most of the other tokens with canine themes?

Safe Shepherd for the Travellers

Australian Safe Shepherd (ASS), a community token, was created as a fork in the Safemoon project.

To ensure that there is sufficient liquidity, PancakeSwap locks in 5% of every trade. As passive rewards and incentives, 5% of each trade on PancakeSwap is locked in a liquidity pool.

Chart for 1 hour: ASS/USD Source: CoinGecko

According to CoinGecko data, ASS traded at $0.00000000235 on October 25, and has since risen 203% to $0.00000000711 daily on Oct. 28, as its 24-hour trading volume jumped from $450,000 to $25.43million.

Related: Dogecoin rises 44% in a single day as traders turn Shiba Inu profits to DOGE

Taboo Token

Taboo Token, a streaming media platform and NFT that is geared towards adult entertainment, specializes in exclusive content created by models who are part of the project.

Although it is not considered a meme coin by the BSC definition, Taboo Token has been generating serious numbers over the past few weeks.

According to CoinGecko data, the price of TABOO rose 1,812% from its Oct. 4 low of $0.0008 to $0.0153 on October 13. Its 24-hour trading volume soared to record levels of $11.52million on Oct. 13.

TABOO/USD 1-hour chart. Source: CoinGecko

TABOO saw increased interest after OnlyFans announced it would ban adult entertainment performances on its platform. Taboo offered a viable alternative. Although OnlyFans later reversed the ban, it seems that creators are realizing the advantages of decentralized platforms.

TABOO’s price has remained stable despite OnlyFans’ decision to change their mind. The developers behind the protocol plan to continue to support its current level of pricing and tease future developments. They will build out the ecosystem and regularly tease the upcoming developments. This includes the launch of a Taboo Marketplace that will include NFTs from celebrities such as Paris Hilton and industry leaders.

com. You should do your research before making any investment or trading decision.
https://cointelegraph.com/news/meme-coin-mania-triggers-triple-digit-gains-from-binance-smart-chain-based-altcoins

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Donna Burk– Business News My Name is Donna Burk and I am also the main source from the ‘Dailynewssheet.com’ of all the exclusive and most delicate visualization of the activities in the business sector. My first step towards this journey was taken in the very early years of my life. I started with an independent financial consultant. However, I only had almost 4 years of skills and experience in this market. I have always been a free personality and like to fly one place to another, to explore more and more. Moreover, this passion and craze of traveling gave me a chance to report a section for best news associations. Last but not least, I am presently working full-time as an editor.

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