Crypto assets continue sideways today with meme coins like Mog coin, dogwifhat, and Popcat posting double-digit gains. This comes after sustained market fluctuations in the past two weeks prompting a negative sentiment. Bitcoin hovering around $61,000 has led to outflows in various markets with the market capitalization plunging to $2.2 trillion.
Specifically, meme coins are moving in a similar direction although some assets picked up the pace while defying trends. With these tokens soaring, bulls show slight optimism in the wider markets. Mog coin, dogwifhat, and Popcat lead top meme coin market gains today.
Mog coin Leads The Pack
Among top assets, Mog coin has soared to double-digit inflows with consistent longer-term numbers. In the last 24 hours, the asset is up 15% with increased volumes as users ramp up purchases. The asset’s uphill momentum is also seen in weekly numbers as inflows almost double. Mog coin is up 80% in the last seven days while 14 days inflows tapped 116%.
The high figures have attracted bullish predictions on Mog coin price coupled with an anticipated flip in market sentiments should macro factors become positive. Dogwifhat price soared to $2.12 after an 11% daily increase. This year, WIF has seen massive traction from the meme coin frenzy in Q1 2024.
In the last seven days, dogwifhat moved up 19% taking its market cap to $2.1 billion. Daily volumes are also up to $452 million outpacing most assets in the last 24 hours.
Popcat’s Doubles Its Market Cap
While gainers notched double-digit inflows, Popcat hit triple digits as weekly figures hit 115%. Today, the asset spiked 8.7% adding to consistent long-term inflows. Popcat’s market cap is up $607 million while daily trading volumes are above $61.1 million. In the wider market, Bitcoin posted slight 0.4% losses today while Ethereum’s price stands at $3,381. Crypto assets like Solana, Dogecoin, and Cardano also saw exits in the last 24 hours.
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David is a finance news contributor with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has an eye for breaking news. Staying updated with trends, David reported in several niches including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David goes cycling and horse riding.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.