TL;DR
- One new cryptocurrency, Black Agnus (FTW), surged by over 400% in the past 24 hours, reaching a market cap of nearly $2 billion and becoming the fourth-largest meme coin.
- The team behind FTW warns of fake versions attempting to scam users, urging caution and due diligence before investing.
Entering the Market With a Splash
The meme coin sector continues to spawn new tokens, some of which become real sensations mere days after launch. The latest example is Black Agnus (FTW), whose price skyrocketed by over 400% in the past 24 hours and currently trades at around $0.0001812.
FTW’s market capitalization exploded to almost $2 billion earlier today (September 17), making it the 50th-largest cryptocurrency and the fourth-biggest in the meme coin realm. The first three spots remain occupied by Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE).
The coin’s impressive performance follows its listing on the popular crypto data aggregators CoinGecko and CoinMarketCap.
It is worth noting, however, that the team behind FTW issued a warning that bad actors have created fake versions of the asset in an attempt to con users. “Always double-check the contract address before making any transactions,” the working group alerted.
Caution is Advised
CryptoPotato has previously advised people to enter the ecosystem after conducting proper due diligence and investing only as much as they are ready to lose. Those willing to check more vital tips feel free to watch our dedicated video below:
The Rest of the Gainers in the Niche
FTW is not the only meme coin charting substantial gains on a 24-hour scale. Some of the other top performers include NEIRO (+43%) and BABYDOGE (+13%). Their impressive spike could be linked to Binance, which introduced NEIRO/USDT and 1MBABYDOGE/USDT trading pairs earlier this week.
On the other hand, major meme coins like DOGE, SHIB, PEPE, FLOKI, BONK, BRETT, and many more remain in red territory. Dogs (DOGS) is the worst-performing token from the top 10 list, registering a 6% price decline.
Conclusion
The latest surge in the meme coin sector is a testament to the ever-changing landscape of cryptocurrencies. While some coins continue to soar, others struggle to stay afloat. As the market is prone to volatility, it is essential for investors to conduct thorough research and stay informed about the latest developments.
FAQs
Q: What is the current market capitalization of Black Agnus (FTW)?
A: As of September 17, the market capitalization of FTW stands at nearly $2 billion.
Q: What is the ranking of Black Agnus (FTW) among meme coins?
A: FTW currently ranks fourth among meme coins, after Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE).
Q: What is the current price of Black Agnus (FTW)?
A: As of September 17, the current price of FTW is around $0.0001812.
Q: What is the recommended investment strategy for meme coins?
A: CryptoPotato advises investors to conduct proper due diligence and invest only as much as they are ready to lose.
Q: Which exchange introduced NEIRO/USDT and 1MBABYDOGE/USDT trading pairs?
A: Binance introduced NEIRO/USDT and 1MBABYDOGE/USDT trading pairs.
Q: What is the current status of major meme coins?
A: Major meme coins like DOGE, SHIB, PEPE, FLOKI, BONK, BRETT, and many more are currently in red territory, with Dogs (DOGS) being the worst-performing token from the top 10 list, registering a 6% price decline.
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