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Cryptocurrency News Articles
Meme Coins Signal Uptober Surge as WIF, POPCAT, and MOG Rally
Oct 07, 2024 at 06:00 pm
Three meme tokens have been the top gainers today, while Bitcoin (BTC) has been gradually gathering rebound momentum over the past weekend.
Three meme tokens led the gainers on Monday, as meme coins signaled the beginning of a new bull run in the crypto market.
While Bitcoin (BTC) gathered rebound momentum over the past weekend, dogwifhat (WIF), POPCAT, and MOG were among the top gainers on Monday.
Out of the top 100 cryptos, meme tokens seemed to be grabbing more attention.
At the time of writing, WIF had surged by 20.37%, followed closely by POPCAT with an 18.94% gain, and MOG climbed by 17.90%.
According to CNF, POPCAT, which previously outperformed popular cryptocurrencies like DOGE, SHIB, and PEPE by ranking at the top of the daily gainer list, once again attracted market interest.
As CNF earlier reported, dogwifhat also made it to the top gainers’ list earlier in October. Today’s stellar performance seems to be validating analysts’ predictions of a strong increasing trend for the coin. Considering the performance of WIF today, it also highlights the resilience and appeal of meme coins, especially in the context of larger tokens like Bitcoin showing signs of recovery.
Given MOG’s recent decline in popularity, its rise today is also quite notable. In recent weeks, other meme coins gaining popularity on the TON network have largely overshadowed MOG.
However, today’s gains have brought MOG back into the spotlight, leaving us to wonder if it will maintain momentum or once again fade into the background.
Meme coins are once again signaling the beginning of a new bull run in the crypto market. This phenomenon, known as “Uptober” among investors, points toward a potential new phase in the market.
Meme coins, in particular, tend to experience large price swings in favorable market conditions, making this industry even more exciting. Of course, the performance of major cryptocurrencies like Bitcoin will always play a crucial role in attracting investors to meme tokens. As BTC continues its recovery, the knock-on effects for the broader market, including meme tokens, could be significant.
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