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Cryptocurrency News Articles
GOAT, POPCAT, and MEW Meme Coins Rally as Cat-Themed Tokens Lead the Market
Oct 24, 2024 at 09:00 pm
Three meme coins have become the top gainers today among the volatile crypto market, surpassing the performance of 97 of the top cryptocurrencies by market cap.
Three meme coins have emerged as the top gainers in the volatile crypto market today, outperforming 97 of the top cryptocurrencies by market cap. These tokens, namely GOAT, POPCAT, and MEW, have attracted the attention of both traders and meme coin enthusiasts with their double-digit percentage gains.
As of writing, GOAT has surged 25.97% in the past 24 hours according to CoinMarketCap, followed by POPCAT with a 12.71% gain and MEW with a 10.53% increase during the same period.
Notably, none of the dog-themed meme coins, which typically lead these kinds of rallies, appeared on the top gainers list. Instead, the trend of cat-based tokens has continued, with POPCAT and MEW leading the gains.
GOAT, POPCAT, and MEW Gain Momentum with Strategic Market Moves
As reported by CNF, Marc Andreessen’s $50,000 Bitcoin gift to Truth Terminal recently became the talking point for GOAT’s explosive ascent. This AI-driven meme coin went on a remarkable surge, rising over 8,000% in a matter of days and reaching a valuation of $700 million.
While artificial intelligence bots did not directly create the GOAT token, their support and subsequent hype drove its value from a meager market cap of $5,000 to over $214 million in a short period of time.
Another top gainer that has garnered attention for its remarkable growth is POPCAT. With notable meme coin investor Murad Mahmudov expressing a bullish outlook, the meme coin could soon breach the $5 mark given its strong fundamentals, as we highlighted earlier. This projection has sparked interest in the token as investors look to capitalize on POPCAT’s gathering momentum.
Meanwhile, MEW has been quietly gaining popularity. It recently became the third meme coin to secure a trading pair with the Korean Won (KRW) on Upbit, South Korea’s leading crypto exchange.
Prior to MEW, only DOGE and SHIB were available for trading against KRW, introducing MEW to a new market segment and increasing its visibility among Korean traders.
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!
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