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This week, meme coins have experienced noticeable price movements, capturing investor attention. In the past 24 hours, significant fluctuations were observed along with a substantial decrease in market value. The competition between popular dog and cat-themed meme coins has intensified over the past seven days, with some projects seeing notable gains.
Data from CoinGecko reveals that the overall trading volume of meme coins dropped by over 6% within the last 24 hours, placing the market value at $54.6 billion. Leading the market, Dogecoin (DOGE) and Shiba Inu (SHIB) account for a large portion of the $29 billion total market volume.
Dogecoin holds the top spot among dog-themed meme coins with a market value of $19 billion. Shiba Inu follows with a $10 billion volume. Other notable projects include WIF on the Solana network with $2.5 billion in volume and BONK with $1.9 billion. Additionally, FLOKI, ranked 10th, has reached a volume of $1.7 billion with a value of $0.0001836.
Cat-themed meme coins have also seen activity, particularly led by Popcat (POPCAT). As of the latest data, POPCAT leads the cat-themed segment with a market value of $795 million, despite a 10% drop in price to $0.81. Another top 10 cat-themed coin, cat in a dogs world (MEW), had an impressive week with over 80% gains, trading at $0.007599. MOG, ranked ninth, reached a volume of $745 million with a price of $0.000002064.
• Dog-themed meme coins dominate with DOGE and SHIB leading significantly.
• Notable market volatility suggests potential opportunities and risks.
• Cat-themed coins like POPCAT and MEW show competitive performance.
• Short-term trends highlight the dynamic nature of meme coins.
As it stands, dog-themed meme coins continue to lead the market in terms of volume and value. However, cat-themed meme coins are making notable moves, suggesting a growing competition and diverse investment opportunities within the meme coin market.