3 Meme Coins With 300X Potential Post CPI Data

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As a seasoned crypto investor with a knack for spotting trends, I’ve seen my fair share of market ups and downs. The recent rebound in the crypto markets comes as a welcome relief after weeks of turbulence driven by macroeconomic data. The cooling US inflation numbers have ignited bullish reactions in top assets and meme coins alike, with billions in outflows reversed and long positions liquidated.

The cryptocurrency market is bouncing back as encouraging macroeconomic data sparks optimistic responses in leading assets and meme coins. Following a downturn that resulted in significant outflows and the forced selling of many long-held positions, crypto investors anticipate a return to previous peak levels.

As a crypto investor, I’m excited to share that at present, the total crypto market capitalization has reached an impressive $2.52 trillion, marking a 3% growth. Notably, meme coins have also gained ground, with a 1% increase to $61.9 billion. The recent Consumer Price Index (CPI) data from the United States has sent ripples through the market. To my surprise, year-on-year inflation came in slightly below expectations at 3.3%, while core CPI was also lower than anticipated at 3.4%. These figures have led some market participants to speculate that future interest rate cuts could be on the horizon. As a result, several meme coins have experienced significant growth following this news. Here’s a list of the top meme coins that are currently soaring.

Zoomer (Sol) 

Zoomer is the biggest gainer in the last 24 hours recording gains above 140%. The assets surged 157% this week despite slow performance due to the wider market downturn. Overall, its number remained in the green zone despite the crypto correction with a wider 221% rise. Zoomer’s market cap ticked up to $1.6 million while trading volumes are slightly above the $1 million mark.

Keyboard Cat (KEYCAT)

The “Keyboard Cat” token, currently ranked among the top meme coins, has seen a surge of 114% today, recovering from weekly losses caused by the broader market downturn. Over the past week, KEYCAT has gained 15%, but its monthly performance indicates a loss. Based on CoinGecko’s data, the asset has experienced a $1.6 million increase with daily trading volumes exceeding 252,000. Feline-themed cryptocurrencies have demonstrated impressive growth this year, yielding substantial returns.

CatSolHat (SOLCAT)

As a crypto investor, I’ve witnessed a remarkable surge in the value of SOLCAT over the past 24 hours, soaring by an impressive 86%. This upward trend gained momentum during the mid-day trading session as bulls rallied behind encouraging news of cooler Consumer Price Index (CPI) data. These significant gains managed to erase previous losses, resulting in a weekly gain of approximately 3.1%. With trading volumes exceeding $420,000, the community is optimistic about an increased market capitalization for SOLCAT. In general, reduced inflation indicates a potential decrease in interest rates, which could entice investors to allocate funds towards riskier assets like cryptocurrencies.

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2024-06-12 17:33