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The meme coin market went ballistic as hype round a meme coin supercycle intensifies.
The lighthearted sector of the crypto business noticed its market capitalization surge over 21% previously 24 hours.
Smaller-cap tokens led the cost with Act I The AI Prophecy (ACT) the very best performer after its value soared greater than 248%. Fartcoin (FARTCOIN) and Goatseus Maximus (GOAT) got here in second and third place, respectively, after registering 24-hour good points of 73% and 35%.
Popcat Posts Greatest Efficiency Whereas Meme Coin Leaders Lag Forward Of Meme Coin Supercycle
Solana token Popcat (POPCAT) outperformed the remainder of the highest 10 largest meme cash by market cap. CoinGecko knowledge exhibits that the crypto’s value pumped 18% to commerce at $1.63 as of two:45 a.m. EST.
#CMCNews: Popcat (POPCAT) continued its surge, up 11% within the final 24 hours, to outpace the main memecoin, Dogecoin (DOGE).https://t.co/8XufdEmX0C
— CoinMarketCap (@CoinMarketCap) October 23, 2024
POPCAT’s robust efficiency comes as nearly the entire prime 10 largest meme cash by market cap suffered 24-hour losses, with leaders Dogecoin (DOGE) and Shiba Inu (SHIB) each printing minor 24-hour losses beneath 1%
Solely Dogwifhat (WIF), Pepe (PEPE) and Bonk (BONK) registered good points. After POPCAT’s 18% surge, the subsequent greatest performer was WIF with a 4% rise.
Is A Meme Coin Supercycle Underway?
The market’s pump previously 24 hours comes amid a lot debate over whether or not a meme coin supercycle is underway. Dialogue over this chance intensified after investor and influencer Murad Mahmudov spoke on the subject at Token2049 in Singapore.
He argues {that a} meme coin supercycle, powered by social media hype and viral traits, is now underway and that it’ll deliver a protracted interval of explosive progress.
Meme cash definitely are outperforming the broader crypto market proper now. Whereas meme cash surged previously day, the remainder of the crypto market underwent a slight correction.
Over the previous 24 hours, the general valuation of the digital asset area dropped greater than 1%. Regardless of the pullback, the market cap stays above $2.41 trillion.
Whereas Bitcoin (BTC) registered a marginal achieve, altcoin chief Ethereum (ETH) slid over 2%. Nearly the entire cryptos within the prime 10 record adopted ETH’s lead, and suffered losses as properly. Solely Solana (SOL) and Binance Coin (BNB) recorded 24-hour good points, with the prior’s value pumping greater than 4%.
Greatest Approach To Play The Meme Coin Supercycle
As traders place themselves to capitalize on a potential meme coin supercycle, some are turning to presales to seek out the subsequent crypto to blow up.
One of many scorching favorities proper now’s Pepe Unchained (PEPU), which has simply zoomed previous $22 million in funds raised in one of the crucial profitable ICOs of the 12 months.
One other ICO that’s attracting a variety of consideration is Crypto All-Stars (STARS), an revolutionary new challenge that’s the first to allow traders to stake a number of prime meme cash on one platform. It’s already raised greater than $2.6 million.
Associated Articles:
Most Searched Crypto Launch – Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards – pepeunchained.com
- $10+ Million Raised at ICO – Ends Quickly
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