The cryptocurrency world welcomes another addition as Shoggoth (SHOGGOTH), a meme-inspired token on the Solana blockchain, is now officially listed on MEXC Global. Known for its exceptional trading features, MEXC continues to expand its portfolio by embracing innovative projects like Shoggoth, which gained traction for its quirky origin tied to AI memes and tech enthusiasts.
A Closer Look at Shoggoth
Named after the tentacled creatures from H.P. Lovecraft’s literary universe, Shoggoth combines pop culture with blockchain technology. The coin captured attention in 2023 as it became symbolic among AI researchers and internet communities. Built on the Solana blockchain, it boasts low transaction fees and scalability, making it particularly appealing for both investors and developers. As of today, the live price of SHOGGOTH hovers between $0.03675 and $0.05790, while its market capitalization ranges from $34.8 million to $47.5 million. Although prices differ slightly across platforms, these figures highlight the token's rapidly growing adoption.
Why MEXC? Exploring the Exchange
MEXC, a globally recognized cryptocurrency trading platform, is well-known for its investor-friendly policies and accessibility. By listing Shoggoth, the exchange provides its vast user base the opportunity to engage with another promising crypto project. The partnership reflects Shoggoth's rising credibility and positions it for further expansion in the crypto landscape. Users can monitor the token’s real-time price and volume directly on MEXC’s site through user-friendly charts and tools.
Impact and Future Trajectory
The addition to MEXC signals a new chapter for Shoggoth. With a reported 34.72% price increase and a trading volume exceeding $18 million over the last 24 hours, the token's activity aligns well with the exchange’s high liquidity standards. Analysts have noted its meme-driven potential and community-centric nature as factors that could propel its popularity alongside other meme coins like Dogecoin and Shiba Inu.
Shoggoth’s ability to attract interest through its cultural ties and technical underpinnings positions it as a unique asset in the ever-expanding crypto ecosystem. Its listing on MEXC sets groundwork for more exchanges to follow, expanding access to the token further and fostering its ecosystem’s growth.
Key Details
- Symbol: SHOGGOTH
- Blockchain: Solana
- Listing Exchange: MEXC Global
- Current Price: $0.03675 to $0.05790
- Market Cap: $34.8M to $47.5M USD
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