Meme Coins Market Overview: DOGE Grows as People See the Coin as Beloved by Trump and Musk, POPCAT Remains the Best-Performing Meme Coin of 2024

As the broader meme coin market retraces, we look at three exceptions. DOGE, POPCAT and CUTO. Dogecoin grows as people see the coin as beloved by Trump and Musk. Popcat remains the best-performing meme coin of 2024, returning over 40000% for early holders, while Cutoshi is gaining attention and up by over 46%, ready for a further price hike.

As the broader meme coin market retraces, three coins are bucking the trend with impressive gains - Dogecoin (DOGE), Popcat (POPCAT) and Cutoshi (CUTO).

Dogecoin's recent surge is largely attributed to increased speculation surrounding the upcoming US elections and the potential impact on the DOGE-loving candidates, Donald Trump and Elon Musk. Following Trump's mention of Dogecoin at a recent rally, the coin's price spiked by 10%.

According to Polymarket, there is currently a 56% chance of Trump winning the election. If he does, it is likely that Dogecoin will continue to pump, although long-term holders may also wish to take profits when the news is released.

Dogecoin is up 40% on the bi-weekly chart and 142% on the yearly chart.

Popcat, a meme coin inspired by an animated image of a real-life cat named Oatmeal, has been one of crypto's biggest hits this year.

Despite the Oatmeal cat's owner threatening to take action against the coin's creators, claiming to be 'against cryptocurrency,' lawyers have verified that the meme is part of the commons and cannot be removed from the crypto.

According to data from Nansen, some 'smart money' wallets began reducing or even completely exiting their positions last week, which could hint at a potential consolidation phase for POPCAT.

The total amount sold by 'smart money wallets' was about $6.4 million, according to Nansen.

Historically, POPCAT has shown strong weekly gains, frequently above 30%, signaling persistent speculative interest.

While recent weekly gains have slowed to around 10%, suggesting possible resistance, the $1.20 level is critical support. If this holds, long-term investors are optimistic about the coin's potential to reach $2 in this cycle, especially considering its impressive 43,351% yearly growth.

Cutoshi, a meme coin that taps into meme finance with a playful yet strategic approach, is offering early adopters discounted tokens in return for their support during the presale phases.

Built around the symbol of a Lucky Cat, Cutoshi's charm extends beyond its quirky mascot. Investors are drawn not just by its visuals, but by Cutoshi's vision of MemeFi, which combines the fun of meme culture with DeFi mechanics.

The main part of Cutoshi's offering is a cross-chain decentralized exchange (DEX), allowing users to swap tokens across different blockchains without needing multiple platforms.

This cross-chain function simplifies transactions, which is especially appealing to newer investors who might find the complexities of multiple chains intimidating.

Users will also be able to learn how to generate passive income through staking and yield farming on the platform, and there will be a group leaderboard to make farming more fun and interactive.

Cutoshi's presale structure has already led to a 46% price increase from the first presale stage.

If Cutoshi can maintain the hype that is already surrounding the project then the price of CUTO is sure to keep rising throughout the presale and potentially beyond.