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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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- 📢 #Gate Square Writing Contest Phase 1# is now officially launched!
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Essay Content Directio
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📅 End at: July 9, 16:00 UTC
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A Memecoin Named Luna 2.0 Is Up 300% In The Last 24 Hours!
A memecoin, launched under the name LUNA, has risen 300 percent in the last 24 hours, placing it on the list of the day's most valuable gainers.
The memecoins, issued under the name 2.0, continue to influence the crypto market. 2.0 memecoins, which have been on the agenda with a decrease of up to 70 percent in the past days, exploded upwards with the LUNA version. Luna 2.0 (LUNA2.0) rose 301.27 percent in one day, placing fourth in the Top1000 ranking. Next up is Shiba2.0 with an increase of 339.97 percent.
The memecoins 2.0, which were issued related to popular projects, were directly reflected in the social metrics related to the crypto market. Increasing memecoin topics, especially on Twitter, seem to have made investors even more enthusiastic. Although this situation reflects positively on the related cryptocurrencies from time to time, it usually results in large value losses.
Considering the recent time frame, dozens of 2.0 coins have risen. But the massive declines that follow almost completely erase the gains. Seen as an easy earning opportunity, memecoins have divided investor communities. While one side defends the profit margin here, the other side points to the danger dimension of the issue.
#HotTopicDiscussion# #ContentStar# #GateioLive# #GateioTurns10# #NewsMessenger# #BountyCreator# #MyFancyCreator# #GateLive#