Investors Track Price Movements in Meme Coins
Release: 2024/07/24 07:14 Reading: 992
Investors Focus on Meme Coin Price Movements
Since the start of the week, price fluctuations in meme coins have captured investor attention. Significant variations and a notable market value decline have occurred within the past 24 hours. While dog-themed projects lead the market, competition between dog and cat-themed coins has intensified in recent days.
Dog-Themed Meme Coins
Data from CoinGecko indicates an overall decline of 6% in meme coin trading volume over the last 24 hours, with the market value currently at $54.6 billion. Dogecoin (DOGE) and Shiba Inu (SHIB) remain the market leaders, accounting for $29 billion of the total volume.
Dogecoin holds the top spot with a market value of $19 billion, followed by SHIB at $10 billion. Other notable projects include WIF ($2.5 billion) and BONK ($1.9 billion) on the Solana network.
FLOKI, the tenth-largest meme coin, has a volume of $1.7 billion and a value of $0.0001836, according to the charts.
Cat-Themed Meme Coins
Cat-themed coins have also experienced activity, with Popcat (POPCAT) leading the movement. With a market value of $795 million, POPCAT dominates cat-themed coins. Despite a strong start to the week, its price has dropped by 10% to $0.81 in the past 24 hours.
Cat in a Dog's World (MEW), another top-10 cat-themed coin, has performed well and made a significant impact with gains exceeding 80%. Its price remains at $0.007599 after the rally.
MOG ranks ninth among meme coins with a volume of $745 million and a price of $0.000002064.
Summary
Dog-themed meme coins continue to hold dominance in the market, but cat-themed projects in the top 10, such as POPCAT, MEW, and MOG, are gaining traction.
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