Bitget Wallet Introduces Memecoin Trading Toolkit
Non-custodial asset management platform Bitget Wallet introduced a meme coin trading toolkit, featuring discovery tools like MemeX and Hot Picks, and has cross-chain functionality across Ethereum, Solana, and Base.
What’s the significance: The toolkit is set to help traders find, analyze, and trade tokens more easily and securely in the volatile meme coin market.
The Big Picture: Memecoins, driven by active communities and new projects, are surging in popularity, fueling increased trading activity across major blockchain networks like Ethereum, Solana, and Base.
Key Details: This market surge made Bitget Wallet offer a meme coin trading toolkit, according to the platform.
- Main Feature: The toolkit includes professional-grade tools such as real-time K-line charts, token dashboards, and market insights, including market cap, liquidity, and social sentiment.
- Moreover, to enhance transaction speed and efficiency, the toolkit also offers instant swap mode and gas fee borrowing.
- Integration of Discovery Tools: 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 simplification of the process of discovering promising tokens. These are:
- MemeX: Focuses on discovering newly launched tokens with market caps under $1 million.
- Hot Picks: Curates tokens under $10 million, blending 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 at $118.88 billion. The top meme coins per market cap are:
- Dogecoin $DOGE
- Shiba Inu $SHIB
- Pepe $PEPE
- Bonk $BONK
- dogwifhat $WIF
- Floki Inu $FLOKI
- Brett (Based) $BRETT
- Peanut the Squirrel $PNUT
- Popcat (SOL) $POPCAT
- Notcoin $NOT
Key Quote:
“Memecoins are fueling significant activity, particularly on Solana, where strong communities and innovative developers are reinvigorating the market. However, the space is rife with challenges, from token overload to market manipulation. Bitget Wallet’s toolkit equips traders with the necessary tools to discover, analyze, and trade meme coins strategically, empowering them to navigate this fast-evolving landscape with confidence.”
Alvin Kan, Chief Operating Officer, Bitget Wallet
Worth reading: Aside from the mentioned networks, meme coins are also available in Bitcoin Runes, a protocol that allows for 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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