On Tuesday, O’Hearn shared a meme referencing Gigachad, and Khalimov followed up with an Instagram post featuring himself tossing a Giga Fitness T-shirt, garnering over 91,000 likes within just 20 hours. He further promoted Giga Fitness on his Instagram, continuing to amplify the coin’s reach.
Following these endorsements, GIGA’s market capitalization skyrocketed to $213 million before stabilizing at the current $224 million, according to CoinMarketCap data. Currently, GIGA is trading at $0.0243, marking a 48% increase over the past week.
The recent surge in GIGA’s market value can be attributed to the strategic use of social media platforms and endorsements from notable personalities in the fitness and sports community. As GIGA continues to align itself with influencers, its visibility and appeal grow, positioning it as a formidable player in the meme cryptocurrency market. This approach not only strengthens the coin’s brand but also drives investor interest, creating a positive feedback loop that could sustain its momentum in the volatile crypto market.
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