Many LUNA-themed memecoins are being released, One created with a similar name and logo has surged 634 percent in the last 24 hours.
The memecoin frenzy never ends. The memecoin trend of coins, which has made a name for itself by making huge explosions in the past, continues. For example, the most observed coins recently were LUNA, DOGE, SHIB, PEPE. In particular, the demand for LUNA-themed memecoins is increasing. A project called RedLuna (REDLUNA) has increased by 634 percent in the last 24 hours, making it the most valuable cryptocurrency of the day according to CoinMarketCap.
Increasing demand for Memecoins
The increase on the Memecoin side is not only on the side of LUNA. In recent days, many cryptocurrencies related to PEPE have reached the price of tens of times. Seeing the increases in the Memecoin market, the crypto investor considers it as a short term and easy earning opportunity and shows demand for the relevant coins. Thus, a lot of data about the coins in this area is exploding.
Considering the last 1-day time frame, LUNA and PEPE-themed projects are at the top of the list, according to CoinMarketCap. In fact, a memecoin called Crazy pepe (CRAZYPEPE) increased by 364 percent, and another memecoin called Pepechain (PC) increased by 182 percent. Although they offer high earning opportunities, the danger they bring is just as great. Also, warnings about relevant memecoins continue on social media platforms.
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