The protocol’s social presence continues to grow despite the bearish trend of its token over the past week.
Popular memecoin on the BNB chain
Despite the recent price drop, RichQuack and its native $QUAACK token have maintained a strong social media presence. Recently, the token has been trending on Twitter without any significant movement in the industry.
After trending status on Twitter, BSC News did some research on the protocol’s social presence on BNB Chain and beyond. According to data from Lunarcrush, a social intelligence platform for crypto, stocks, etc., RichQuack is one of the most influential memecoins in the industry.
RichQuack’s social mentions, engagements and dominance have increased over the past week. Memecoin social mentions increased by 15.3%, engagement by 16.7% and dominance by 15.3%. The numbers come as a surprise given the token’s price decline over the past seven days.
Compared to other memecoins over the past 30 days, the token is the second most important memecoin in the blockchain space after $FLOKI. In terms of engagement, RichQuack saw over 580,000 engagements last month, ranking third behind Floki and BabyDoge.
User interest in the memecoin is positive for its development in the crypto space during a bear market. Additionally, according to Lunarcrush data, increasing bullish sentiment suggests many are interested in its progress. BSC News recommends visiting Lunarcrush to learn more about the protocol’s impressive metrics.
What is Rich Quack:
Rich Quack is a community driven project founded to generate the best returns for the community efforts of its investors. The platform utility includes a decentralized multi-chain launchpad, raffles and lotteries for QUACK token holders.
The platform’s QUACK token is hyper-deflationary, rewarding long-time holders with a share of the transaction tax and early access to IDOs.
Where to find Rich Quack:
Website | Twitter | Telegram | discord
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