March 27, 2024
Memecoins themed around Cats, Dogs, and Frogs Surge in Value
Altcoins News

Memecoins themed around Cats, Dogs, and Frogs Surge in Value

In the tumultuous world of cryptocurrency, a new battle is raging – the battle of the species. Over the past month, memecoins themed around dogs, cats, and even frogs have been surging in value, with some experiencing triple and quadruple digit gains.

According to data from CoinGecko, dog-themed tokens continue to dominate the charts, with over $24.2 billion in trading volume recorded in the last 24 hours alone. Leading the pack are the familiar names of Dogecoin (DOGE) and Shiba Inu (SHIB), which have seen significant trading activity.

Source: CoinGecko

But, cat-themed coins are not far behind, with Solana-based Popcat (POPCAT) generating $63.4 million in trading volume within the same timeframe. Popcat, in particular, has seen remarkable gains, rising by over 1,400% in the last 30 days.

The best-performing dog token of the past month has been the Solana-based memecoin dogwifhat (WIF), which has seen a staggering 620% increase in value. Similarly, Popcat has emerged as the top-performing cat coin, with gains of over 1,400%.

Source: CoinGecko

Even frog-themed tokens, despite their smaller numbers, have been making waves in the market. Memecoin Pepe (PEPE) has witnessed a remarkable revival, doubling in value since surpassing its previous all-time high on March 2. With over $4.2 billion in trading volume in the last 24 hours, Pepe has become a force to be reckoned with.

The sudden surge in these animal-themed memecoins comes amid a broader rally in the cryptocurrency market, as prices inch closer to their all-time highs. Dogecoin and Shiba Inu, in particular, have experienced significant gains over the past week, further fueling interest in the meme-inspired tokens.

While the crypto market remains notoriously volatile, the recent performance of these animal-themed memecoins has undoubtedly caught the attention of traders and enthusiasts alike. Whether this trend will continue or fizzle out remains to be seen, but for now, cats, dogs, and even frogs are making their mark in the world of cryptocurrency.

Image by Leandro De Carvalho from Pixabay

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