Non-custodial asset management platform Bitget Wallet introduced a suite of meme coin trading tools, which includes discovery tools like MemeX and Hot Picks, and has cross-chain functionality on Ethereum, Solana, and Base.
What is the meaning: The toolkit is designed to help traders find, analyze and trade tokens more easily and safely in the volatile meme coin market.
The big picture: Memecoins, driven by active communities and new projects, are gaining popularity, driving increased trading activity on major blockchain networks such as Ethereum, Solana and Base.
Key details: This market surge prompted Bitget Wallet to offer a suite of tools for meme coin trading, according to the platform.
- Main feature: The toolset includes professional-grade tools such as real-time K-line charts, token dashboards, and market insights including market capitalization, liquidity, and social sentiment.
- Besides, To improve the speed and efficiency of transactions, the toolkit also offers an instant exchange and gas fee borrowing mode.
- Discovery Tools Integration: Bitget Wallet also shared that its new meme coin trading tool is integrated with different tools for different stages of a meme coin’s lifecycle and simplifies the process of discovering promising tokens. These are:
- MemeX: It focuses on discovering newly launched tokens with market caps less than $1 million.
- Hot Picks: Selects tokens under $10 million, combining blockchain data, social media trends, and smart money signals.
What are Memecoins? These are cryptocurrencies created primarily as jokes or memes, often driven by community enthusiasm and social media trends rather than technological innovation or utility.
The numbers: As of December 10, 2024, CoinMarketCap Data shows that the current market capitalization of meme coins is 118.88 billion dollars. The top meme coins by market capitalization are:
- Dogecoin$DOGE
- Shiba Inu $SHIB
- Pepper $PEPE
- Bonk $BONK
- dogifhat $WIF
- Floki inside $FLOKI
- Brett (based) $BRETT
- Peanut the Squirrel $PNUT
- Popcat (SOL) $POPCAT
- Nocoin $NO
Key quote:
“Memecoins are driving significant activity, particularly in Solana, where strong communities and innovative developers are revitalizing the market. However, the space is rife with challenges, from token overloading to market manipulation. “The Bitget Wallet toolset equips traders with the tools necessary to strategically discover, analyze and trade meme coins, allowing them to confidently navigate this rapidly evolving landscape.”
Alvin Kan, COO, Bitget Wallet
Worth reading: In addition to the aforementioned networks, meme coins are also available on Bitcoin Runes, a protocol that allows the creation of fungible tokens on the Bitcoin blockchain.
This article is published on BitPinas: Bitget Wallet Introduces Memecoin Trading Toolkit
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