A new niche has recently arisen among meme coin dealers: country coins. Ahead of the Olympic Games taking place in Paris in July, investors are betting that the event will boost the prices of several country-named tokens.
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American Coin (USA) has a valuation close to $83 million, which is the largest market capitalization of the group. According to DEX Screener, the US rose more than 74,000% from its inception on March 14th until prices peaked on May 4th.
China Coin (CHINA) is by far the second largest national currency, with a market capitalization of $5.8 million. However, CHINA showed growth of 23,000% since its creation to its all-time high recorded on March 14.
Analyzing the last 24 hours, the recently released Palestinian currency (PALESTINE) holds the most significant growth as it jumps 764% at the time of writing. France Coin (FRA) and UK Coin (UK) are also showing significant growth over the period, increasing by 120% and 145% respectively.
The list of national coins also includes the Olumpec Terch (OLUMPC) meme coin, which combines the Olympics narrative with the trend of meme coins misspelling names. From the creation of its liquidity pool to its all-time high on May 5, OLUMPC rose 6,400%.
