|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Cat-Themed Memecoins Emerge as Preferred Risk-On Bets With 40% Surge in a Week
Sep 20, 2024 at 07:38 pm
Cat-themed tokens have emerged as a new cohort alongside dog-themed Dogecoin and Shiba Inu, among the biggest gainers in the 2020-2021 bull run.
Cat-themed memecoins are emerging as a new preference among risk-on traders, with tokens such as Popcat, MEW, MOG, and Simon's Cat seeing surges of up to 40% in the past week.
A bulk of the gains have come since Wednesday, following the U.S. Federal Reserve cutting rates by 50 basis points for the first time in four years, which has helped fuel prices of risk assets like bitcoin (BTC).
Cat memes have also performed better than their dog-themed counterparts, with tokens like DOGE and SHIB showing an average gain of 4% in the past 24 hours, compared to a 14% bump on cat tokens.
Some market makers now expect memecoins, alongside alternative tokens, to continue surging in the coming months.
“Memecoins are experiencing a surge largely due to the anticipation of increased liquidity following the Federal Reserve's recent 0.5% interest rate cut,” Alex Andryunin, founder of Gotbit Hedge Fund, known for backing memecoinds, said in a message to CoinDesk.
“Market expectations for lower rates have converged, and with the prospect of more liquidity entering the financial system, investors are adopting a bullish sentiment.”
“We anticipate that the memecoin market could grow significantly over the next two months. The increased liquidity and a heightened appetite for risk may drive investors toward these high-risk, high-reward assets, potentially leading to a boom similar to previous cycles,” Andryunin added.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- GoodEgg (GEGG): An AI-Driven "Play-to-Date" Cryptocurrency Contender to Artificial Superintelligence Alliance (FET)
- Sep 20, 2024 at 10:25 pm
- As the world of crypto AI continues to gain momentum, GoodEgg (GEGG), an AI-driven “play-to-date” cryptocurrency, is emerging as a contender
-
- Bitcoin (BTC) vs Binance Coin (BNB) vs FXGuys ($FXG) – Which Is the Best Cryptocurrency to Buy in 2024?
- Sep 20, 2024 at 10:25 pm
- Bitcoin's (BTC) recent rise has sparked renewed interest in the crypto industry, although the overall mood remains cautious. This prevailing sense of uncertainty has resulted in a search for the best cryptocurrency to buy in 2024.
-
- Bitgert (BRISE): A Promising Contender for the Next Crypto Bull Run
- Sep 20, 2024 at 10:25 pm
- As the crypto community excitedly waits for the next bull run, Bitgert is one of the top contenders for crypto investors. This comprehensive blockchain project has silently built a solid ecosystem that is ready to take the stage with explosive growth.
-
- Bitcoin Tests $64K as BoJ Pauses Rate Hikes
- Sep 20, 2024 at 10:25 pm
- This article originally appeared in First Mover, CoinDesk's daily newsletter, putting the latest moves in crypto markets in context.
-
- Which Is The Best Cryptocurrency To Buy Now?
- Sep 20, 2024 at 10:25 pm
- Many of you might wonder how crypto experts distinguish between a promising project and a fleeting trend. The market’s volatility can be daunting
-
- Swindon shoppers have the chance to win a share of half a million pounds for a local school or children's group for one hour only this weekend.
- Sep 20, 2024 at 10:25 pm
- Between 12pm and 1pm on Saturday, September 21, shoppers at the Tesco Express store in Freshbrook Village Centre can take a lucky dip to find a gold version of Tesco's blue voting token.
-
- Sun Token (SUN) Price Prediction 2024: Can SUN Reach $1 This Year?
- Sep 20, 2024 at 10:25 pm
- The Sun Token price surged 6% in the last 24 hours to trade at $0.02588 as of 3.30 a.m. EST on trading volume that climbed 4% to $57.5 million.
-
- The Meme Coin Market Heats Up: SHIB, POPCAT, and WIF Show Strong Movement
- Sep 20, 2024 at 10:25 pm
- The meme coin market is heating up, with Shiba Inu (SHIB), Popcat (POPCAT), and Dogwifhat (WIF) showing strong movement.
-
- Societe Generale-FORGE Plans to Expand Its EURCV Stablecoin to the Solana Blockchain
- Sep 20, 2024 at 10:25 pm
- So far the MiCAR complaint coin has been issued on the Ethereum blockchain. The second iteration of EURCV hasn’t seen a huge take up with a market capitalization of €33 million.