Cat-themed meme coin, Popcat emerged as the largest memecoin gainer this yr, disrupting the dynamics of an area historically dominated by the canines.
What Occurred: The Solana SOL/USD-based cryptocurrency has notched eye-popping positive aspects of 6813% year-to-date. The coin with half a billion {dollars} value of market cap was launched in December 2023 and has swiftly ascended upward this yr.
Apparently, the second-best performing meme coin additionally occurred to be from the feline household, named Mog Coin, which has surged 2814% since 2024 started. Not like POPCAT, MOG is an Ethereum ETH/USD-based token.
Quite the opposite, regardless of spectacular advances this yr, dog-themed tokens have lagged behind feline currencies. Solana-based dogwifhat WIF/USD was up 1000% year-to-date, whereas Floki FLOKI/USD may solely handle a spike of 232%.
Market heavyweights like Dogecoin DOGE/USD and Shiba Inu SHIB/USD have been regular, rising by 18.33% and 33.80%, respectively, this yr.
.See Additionally: Elizabeth Warren’s Professional-Bitcoin Rival John Deaton Calls Out Her Marketing campaign for Labeling Him A Recruit: ‘She’s Fearful For A Motive…’
Why It Issues: The expansion of cat-themed memecoins coincided with a broader upswing within the cryptocurrency market. The whole market capitalization has risen by 28% for the reason that starting of the yr.
Earlier cryptocurrency bull cycles have seen vital curiosity in meme tokens, most notably the all-time highs hit by DOGE and SHIB in 2021.
With the variety of blockchains increasing and new individuals coming into the market, the business may even see extra memecoin launches, together with these impressed by cats.
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