As we all keep learning more and more about cryptocurrency a new entrant is here and taking the space of digital coin enthusiasts and meme lovers. Thus, SWAGGY, which operates with the code SWAGGY and is active under this abbreviation in trading, has experienced rather impressive growth in value and popularity and can be considered one of the meme coins’ leaders.

The SWAGGY token has been on the rise lately; the token is now priced at $ 0.006409, a gain of 37.35% within the last one day trading. This has boosted the token’s trading value to $6.41 million; this shows that more investors are embracing this fun-based cryptographic coin.

Trading activity of SWAGGY has also risen significantly; over the 24 hours, $440,080 worth of tokens being exchanged, which is a 60.85% increase. This means that traders are becoming more interested in the token and want to take advantage of ShibaSwap to enter the scene with hopes of earning fast profits inspired by the meme-influenced token.

Its fully diluted valuation (FDV) also has a very similar figure of $6.41 million as market cap which means all tokens in circulation are represented in the current pricing. Unlike some other projects which have an unlimited token supply, SWAGGY has a supply cap of 1 billion tokens, but all these tokens are in circulation as of writing this report.

Swaggy’s ascension to the top is not unique to the crypto space, either. The dawn of now-famous meme coins such as DOGE and SHIB opened the P2P Internet memes and meme stocks Era for a new generation of tokens that merged social media movements and Get-Rich-Quick schemes. Many of these tokens get a push from social media posts every now and then and the communities that surround them instead of fundamentals.

The story behind Swaggy makes it even more interesting as a brand. It was said that the token is named after a TikTok-famous Husky that boasted over 7 million followers. This association with a popular online character might be explanatory for the spectacular pace at which the token is being adopted and its price climbing, as people want to be part of the show.

However, like most cryptocurrencies, especially the ones that can be categorized under meme coins, the following should be taken with some level of caution. These assets are thus prone to sharp price swings in short cycles, and since they possess no intrinsic value other than for speculation, these extremes can also be marked by swift depreciation.

Still, these risks are evident while analyzing the performance of the Swaggy token as it refers to the meme-based tokens demand. As of now, B.world is listed as fairly new and lesser-known cryptocurrency currently taking the 3328th spot out of thousands of cryptocurrencies, it has attracted commendable attention which makes it relatively new in the already saturated crypto market.

Tokens like Swaggy reign as a clear proof that the crypto market can always come up with fresh ideas and create things that would interest the majority of its users. Whether Swaggy will continue on the trend of cryptos or dumps remain to be seen, however, what can be said is that Swaggy has now found its place in the digital currency dog house.