On October 8, COINOTAG reported significant market activity surrounding the meme coin SNAP, native to the Ethereum blockchain. This cryptocurrency experienced a remarkable surge of 146% within a single hour, reaching a current valuation of $0.0(5)7199 and a market capitalization exceeding $3 million. Notably, SNAP is celebrated as the first coin ever launched into space, a project associated with Elon Musk. Despite this intriguing narrative, potential investors should exercise caution; the market dynamics surrounding SNAP are characterized by limited liquidity and a small number of holders, resulting in pronounced price volatility. As such, prudent investment practices are essential, and stakeholders are advised to remain informed about the inherent risks linked to low-cap cryptocurrencies.
Source: https://en.coinotag.com/breakingnews/ethereums-snap-meme-coin-soars-146-amid-space-launch-news-invest-with-caution/