As a seasoned crypto investor with a penchant for meme coins, I’ve seen my fair share of market fluctuations, and today’s losses in the cat-themed meme coin sector is disheartening. The double-digit figures recorded today are not just numbers; they represent hard-earned investments that are now at risk.
As a crypto investor, I’ve noticed that meme coins with cat themes have been taking the brunt of today’s market losses, with double-digit percentage points recorded. The overall market sentiment has soured, leading to significant losses and even some liquidation. The situation can be summed up by the fact that Bitcoin‘s market cap, as well as that of altcoins, have both taken a hit. The total market cap now stands at $2.42 trillion, down 2.55%, while trading volumes have dropped by 16%.
Meme coins experienced a 1.6% decrease in market capitalization, amounting to approximately $57.2 billion. While certain assets experienced inflows during bull runs, contrastingly, feline meme coins dipped to levels not seen since the recovery period. The cat-themed meme coin sector suffered losses totaling 5.5%, resulting in a reduced market cap of about $1.95 billion. Below are the leading feline meme coins that endured significant losses today.
Cat in a dogs world (MEW)
In the past 24 hours, MyEtherWallet (MEW) has experienced a decline of 11.6%, bringing its weekly performance into a slump. The previous seven days have registered a 10.9% decrease in transactions as meme coins generally trend downward. However, it’s important to note that MEW’s long-term trend remains optimistic, with present corrections being a natural part of the investment cycle.
With trading volumes exceeding $81.3 million, the asset’s market value decreased to $347 million. Although current trading activity falls short of past peaks, some believe a recovery will occur once investor sentiment improves.
Mog Coin (MOG)
A once-thriving asset has dropped 11.3% today and a more significant 34% over the past week. Weekly losses escalate as investors pull out funds from risky assets, contributing to the downturn along with other industry influences. The price of MOG continues to nosedive, triggering sell-offs, yet its community remains hopeful for a rebound based on historical trends. The market capitalization currently amounts to $331 million, and daily trading volumes exceeded $30.9 million.
Popcat (POPCAT)
Popcat is the third cat-themed meme coin by masher capitalization with several investors offloading the asset from their portfolios. Popcat is down 7.2% increasing seven-day numbers by 32.6%. Unlike other assets, its monthly figures are still in the red zone taking the asset deep into the woods. Popcat’s market cap hovers at $247.7 million as the bearish outlook bites harder.
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2024-06-14 01:17