The top meme coin on the BSC list had $3.3695 million in 24-hour trading volume and a market cap of $1.9651 million—trading volume was 1.71 times its market cap. All 22 tokens on the list were BSC tokens launched by Pulse; $DOGE wasn’t among them. These figures are from the batch captured in the early hours of November 3.
When I look through lists like this, I check three things first: the ratio—trading volume nearly double the market cap suggests the same tokens changed hands repeatedly throughout the day; which chain it’s on—the BSC token with the same name and $DOGE on the Dogecoin mainnet are on separate ledgers; and the absolute size of the one you hold. Today, $DOGE had $26.8 million in 24-hour trading volume (data captured at 02:28Z), an order of magnitude more than the top-listed token.
Of these three figures, the denominator is the easiest to overlook. With a market cap under $2 million and $3.37 million changing hands in a day, it can look busier than $DOGE .
#Dogecoin #MemeCoin
These are just figures from the list and do not constitute investment advice.
When I look through lists like this, I check three things first: the ratio—trading volume nearly double the market cap suggests the same tokens changed hands repeatedly throughout the day; which chain it’s on—the BSC token with the same name and $DOGE on the Dogecoin mainnet are on separate ledgers; and the absolute size of the one you hold. Today, $DOGE had $26.8 million in 24-hour trading volume (data captured at 02:28Z), an order of magnitude more than the top-listed token.
Of these three figures, the denominator is the easiest to overlook. With a market cap under $2 million and $3.37 million changing hands in a day, it can look busier than $DOGE .
#Dogecoin #MemeCoin
These are just figures from the list and do not constitute investment advice.