Popcat Posts Best Performance While Meme Coin Leaders Lag Ahead Of Meme Coin Supercycle

The meme coin market went ballistic as hype around a meme coin supercycle intensifies. The lighthearted sector of the crypto industry saw its market

The meme coin market surged on Monday, with smaller-cap tokens leading the charge.

According to CoinGecko, the meme coin market capitalization soared by over 21% in the past 24 hours.

During this period, Act I The AI Prophecy (ACT) emerged as the best performer among the top 10 meme coins. The crypto’s price surged by more than 248%.

Fartcoin (FARTCOIN) and Goatseus Maximus (GOAT) followed with 24-hour gains of 73% and 35%, respectively.

Among the top 10 largest meme coins by market cap, Solana token Popcat (POPCAT) outperformed the rest.

CoinGecko data showed that the crypto’s price pumped by 18% to trade at $1.63 as of 2:45 a.m. EST.

This comes as almost all of the top 10 largest meme coins by market cap suffered 24-hour losses.

Leaders Dogecoin (DOGE) and Shiba Inu (SHIB) both printed minor 24-hour losses below 1%.

Only Dogwifhat (WIF), Pepe (PEPE) and Bonk (BONK) registered gains. After POPCAT’s 18% surge, the next best performer was WIF with a 4% rise.

The market’s pump in the past 24 hours comes amid much debate over whether a meme coin supercycle is underway.

Discussion over this possibility intensified after investor and influencer Murad Mahmudov spoke on the topic at Token2049 in Singapore.

He argues that a meme coin supercycle, powered by social media hype and viral trends, is now underway and will bring a prolonged period of explosive growth.

Meme coins certainly are outperforming the broader crypto market right now.

While meme coins surged in the past day, the rest of the crypto market underwent a slight correction.

Over the past 24 hours, the overall valuation of the digital asset space dropped by more than 1%.

Despite the pullback, the market cap remained above $2.41 trillion.

While Bitcoin (BTC) registered a marginal gain, altcoin leader Ethereum (ETH) slid by over 2%. Almost all of the cryptos in the top 10 list followed ETH’s lead and suffered losses as well. Only Solana (SOL) and Binance Coin (BNB) recorded 24-hour gains, with the former’s price surging by more than 4%.

Best Way To Play The Meme Coin Supercycle

As investors position themselves to capitalize on a possible meme coin supercycle, some are turning to presales to find the next crypto to explode.

One of the hot favoriten now is Pepe Unchained (PEPU), which has just zoomed past $22 million in funds raised in one of the most successful ICOs of the year.

Another ICO that’s attracting a lot of attention is Crypto All-Stars (STARS), an innovative new project that is the first to enable investors to stake multiple top meme coins on one platform. It’s already raised more than $2.6 million.