As a seasoned crypto analyst with years of experience in following the digital currency market, I’ve seen my fair share of meme coins making waves and capturing investor attention. The latest trend sees cat-themed meme coins Popcat (POPCAT) and Bonk (BONK) leading the charge, outperforming not only their peers but also some well-established projects in the top 100 by market cap.
In simple terms, the largest meme cryptocurrencies continue to outshine the market standard once more. Some less-recognized coins are also making their way into the elite group. Dogecoin has taken over Toncoin as the ninth biggest cryptocurrency, and Pepe has surpassed Polygon in the rankings.
Popcat (POPCAT) meme coin jumps in top 100, targets $900 million cap
Popcat (POPCAT), the biggest meme coin centered around cats, is currently shining among the top 100 cryptocurrencies on CoinGecko. In just the past day, this lighthearted digital currency has experienced a growth of 12.8% and nearly hit a market capitalization value of $900 million.
Over the past week, POPCAT has emerged as a clear frontrunner with its price soaring by more than 80%, earning it a place among the top 100 cryptocurrencies. Consequently, its market capitalization surpasses that of established players like Neo (NEO), BitTorrent (BTT), dYdX (DYDX), Ethna (ENA), and Akash Network (AKT).
As a market analyst, I’d rephrase it as follows: I’ve noticed an impressive 10.4% surge for Bonk (BONK) in the meme coin sector overnight. With its market capitalization now exceeding $2.18 billion, this token is on track to overtake Optimism (OP) and Sui (SUI), potentially securing a spot among the top 50 cryptocurrencies by market cap.
Despite being in the green, the largest meme coins such as Shiba Inu (SHIB), Dogewhiz (WIF), and Book of Meme (BOME) are sending conflicting messages to investors. Specifically, these coins are lagging behind the market standard, with SHIB, WIF, and BOME performing poorly compared to it.
In the past 24 hours, the total value of all cryptocurrencies increased by 3.7%. Meanwhile, SHIB, WIF, and BOME specifically experienced gains between 0.5% and 2.5% each.
Solana, Base meme coins outperform crypto market
The segment of meme coins contributed a total increase of 5% within the past 24 hours. Yet, certain volatile subcategories have recorded even more significant growth.
Due to the success of POPCAT, MEW, and MOG rally events in the cat-themed meme coin community, there has been a 15% increase in its value. The meme coin sector on the Solana blockchain has experienced a growth of 10%.
Due to the impressive gains made by Brett (BRETT), the Base meme coin community experienced a growth of 7.8%, surpassing the market average with ease.
Bitcoin, the leading cryptocurrency, has experienced a gain of 2.6%. The value of a bitcoin is currently being traded at approximately $66,467. Earlier today, it reached a local peak above $67,400.
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2024-07-20 19:56