As a seasoned crypto investor with a keen interest in meme coins, I’ve witnessed countless market fluctuations over the years. The recent double-digit gains of meme cryptocurrencies on Solana (SOL) and Base (BASE) blockchains have piqued my curiosity once again. While the overall market sentiment remains subdued, it’s fascinating to see these categories defy the trend.
Cryptocurrencies based on Memes, such as those built on Solana (SOL) and Base (BASE) blockchains, have once again shown impressive gains. Despite a generally disinterested market mood, these categories experienced double-digit percentage growth due to the surge of low-capitalization assets.
Meme coins on Base (BASE), Solana (SOL) posting double-digit gains: See best performers
Over the past 24 hours, cryptocurrencies based on memes, specifically those on Base (BASE) and Solana (SOL), experienced robust growth on two widely-used blockchain platforms. Amidst a relatively stable market, the combined market capitalization of these meme tokens expanded by more than 13% for both categories.
Among numerous categorized assets, meme coins on the Base (BASE) platform rank third in terms of rapid growth. This expansion outpaces that of modular blockchains and L2 solutions running on parallelized Ethereum Virtual Machines (EVMs), with an increase of over 13%. The top achiever among these meme cryptocurrencies is ChompCoin (CHOMP), which experienced a significant surge of approximately 22.5%.
In simpler terms, the three largest meme coins on the Base platform – Based Brett (BRETT) and Toshi (TOSHI), alongside the largest one – experienced modest growth. Specifically, Based Brett increased by 3% during the nighttime hours, causing its market capitalization to surpass the $1.2 billion mark.
TOSHI added 1% and almost reached a $90 million market cap.
In the world of Solana (SOL), a meme coin, an analogous occurrence took place. This growth, amounting to 13%, can be traced back to the surge of low-capitalization tokens. To illustrate, Popcat (CAT) experienced a 11.9% increase within 24 hours and reached a market capitalization of $500 million.
Shiba Inu (SHIB), Dogecoin (DOGE) lagging behind market recovery
The popular meme token on the Solana blockchain, Bonk (BONK), has experienced a 7% growth; currently boasting a market capitalization of over $1.73 billion, it aspires to join the ranks of the top 50 largest cryptocurrencies.
Currently, the largest meme coins are experiencing losses. Shiba Inu (SHIB) decreased by 0.2%, while Dogecoin (DOGE) saw a 0.1% decline overnight. Unfortunately, Dogwifhat (WIF) dropped 1.7%, resulting in its removal from the top 50 coins.
Today, the total crypto market is experiencing growth, marked by a 0.2% rise in its overall value. Notably, Bitcoin (BTC) and Ethereum (ETH), two major players, have individually surged by approximately 1.5%.
As a crypto market analyst, I’ve been closely monitoring the Crypto Fear and Greed Index, and currently, it hovers around 27 out of a total possible 100 points. This reading falls within the “Fear” zone, which is only slightly improved from its multi-year low of 26 points reached during last week’s crypto market turmoil.
Read More
- BTC PREDICTION. BTC cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- MNT PREDICTION. MNT cryptocurrency
- ETHW PREDICTION. ETHW cryptocurrency
- Ethereum (ETH) Crashes Dramatically, What’s Next? Solana (SOL) Can Still Reach $200, XRP Struggling Before $0.63 Test
- Cardano Enters Chang Hard Fork Era With Node 9.1.0 Upgrade
- Destiny 2 Player Transforms Their Warlock Into Team Fortress 2’s Medic
- ALPINE PREDICTION. ALPINE cryptocurrency
- Survival Horror Games With an Unkillable Enemy
- Marvel Rivals Players Aren’t Happy With The Gold Rank Competitive Reward
2024-07-09 18:30