As a seasoned cryptocurrency analyst with years of experience in following the market trends and observing the behavior of various digital assets, I find it intriguing to see the surge in meme coins, particularly Dogecoin (DOGE) and its fellow dog-themed brethren. Having closely monitored these assets since their inception, I’ve seen their ups and downs, but the recent growth is undeniably impressive.
In their recovery phase, over half of the top 100 cryptocurrencies are currently displaying positive growth. Notably, Dogecoin (DOGE), the most renowned meme coin, has surpassed a significant milestone in terms of market capitalization. Meanwhile, Solana’s prominent token, Dogewithat (WIF), continues to excel among the top performers.
Dogecoin (DOGE) market cap blasts past $20 billion
Dogecoin (DOGE), the pioneering meme cryptocurrency, experienced a significant 5% increase in value overnight, resulting in a market capitalization exceeding $20 billion. This surge continues, making DOGE the fifth most traded crypto, with a trading volume reaching an impressive $1.6 billion – excluding stablecoins from consideration.
I’ve observed an impressive surge in Dogecoin (DOGE)’s growth, making it one of the top five fastest expanding cryptocurrencies presently. Consequently, approximately $2.1 million worth of DOGE short positions have been liquidated on various Cryptocurrency Exchanges within the last 24 hours.
Dogwifhat (WIF), a flagship Solana meme coin, is yet another dog-coin in the spotlight today. With an impressive 11% spike, it is the second-best performer in the top 100, surpassed only by TIA, a key crypto of modular L1 Celestia.
As a researcher studying the meme coin market, I can report that Shiba Inu (SHIB) has seen a modest 0.3% increase today. On the other hand, PEPE and BONK have experienced more substantial growth, with gains of 1.5% each. Unfortunately, FLOKI and POPCAT are currently experiencing declines.
“The market benchmark has risen by 0.9% today, indicating that most top meme coins have surpassed the crypto market’s overall growth. Bitcoin, being the largest cryptocurrency, also increased by 1%, currently trading at $67,610.”
Three cat-coins in top 100? MOG, MEW racing toward elite club
Currently, Solana meme coins and cryptocurrencies with a cat theme are leading the way in performance. Two of these cat-themed tokens, Mog Coin (MOG) and Cat in Dog World (MEW), appear poised to enter the top 100 rankings on CoinGecko.
As a researcher, I’ve noticed an intriguing development in the cryptocurrency market recently. Mog Coin (MOG) hit a new peak price of approximately $0.000002445 yesterday. Although there has been a slight pullback since then, MOG has experienced a 5% growth and is making an effort to surpass Neo (NEO) as the 100th largest crypto by market capitalization. With a market cap of over $800 million, MOG’s potential continues to attract attention in the ever-evolving cryptocurrency landscape.
In the canine-themed crypto market, MEW (feline representative), experienced a remarkable increase of 41%, resulting in a new market capitalization value exceeding $700 million within a 24-hour period.
Popcat (POPCAT), Solana’s prominent cat-themed token, has seen success that two other entities could potentially emulate. However, it faces scrutiny and allegations of insider trading.
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2024-07-22 17:16