{"id":297562,"date":"2024-05-08T02:46:08","date_gmt":"2024-05-07T21:16:08","guid":{"rendered":"https:\/\/dripp.zone\/news\/what-happened-to-the-momentum-of-cat-themed-memecoins-crypto-news\/"},"modified":"2024-05-08T02:46:13","modified_gmt":"2024-05-07T21:16:13","slug":"what-happened-to-the-momentum-of-cat-themed-memecoins-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/what-happened-to-the-momentum-of-cat-themed-memecoins-crypto-news\/","title":{"rendered":"What Happened To The Momentum of Cat-Themed Memecoins? – Crypto News"},"content":{"rendered":"

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Cat-themed memecoins dominated crypto asset gains last month amid double-digit inflows to assets as the wider market rallied. The asset class soared over 40% against leading <\/span>memecoins<\/span><\/a> and other categories with gains to new coins.\u00a0<\/span><\/p>\n

However, top cat-themed memecoins have lost steam this week as most assets sink to the red zone without surging alongside other cryptocurrencies. At press time the market capitalization for cat-themed assets is $1.7 billion, a 7.8% decline in the past 24 hours. Trading volumes also remain low for most assets despite a jump in dog-themed assets.\u00a0<\/span><\/p>\n

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Cat-themed Tokens Touch Low\u00a0<\/strong><\/h2>\n

Top cat-themed tokens have seen increased outflows today. Popcat, the leading asset by market capitalization is down 6.4% today although weekly gains remain at a 60% high. Popcat\u2019s market capitalization is above $516 million with a daily trading volume of $58.3 million.\u00a0<\/span><\/p>\n

MEW and MOG have plunged 3.9% and 7.8% today. MEW is still at 11.6% weekly highs despite a plunge in volumes to $47 million. WEN which also recorded previous gains is down 4% today. According to data from <\/span>CoinGecko<\/span><\/a>, the top three trending cat-themed memecoins today MANEKI, POPCAT, and WEN remain in the red zone.\u00a0<\/span><\/p>\n

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However, some assets have recorded gains with community rallies in the last 48 hours. MaxCat is up 37.5% in the market while UpSideDownCat and Croc cat posted 13.3% and 23.2% respectively in the same period.\u00a0<\/span><\/p>\n

Wider Market Surge<\/strong>\u00a0<\/span><\/h2>\n

The wider cryptocurrency market has recovered from last week\u2019s liquidation as Bitcoin (BTC), altcoins and memecoins notch new inflows. This comes after renewed sentiment and the market and a flip of macroeconomic factors as bulls eye interest rate cuts in the future.\u00a0<\/span><\/p>\n

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Bitcoin price stands above $63,000 while <\/span>Solana<\/span><\/a> leads the rebound with a 21% weekly inflow. The price of SOL is at $151.69 with a trading volume above $2.6 billion. Similarly, Solana memecoins have ticked upwards with some users projecting a bull run.\u00a0<\/span><\/p>\n

Also Read: <\/b>Altcoins Double-Digit Rally Ignites Bullish Projections <\/span><\/a><\/p>\n

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