Meme Coins Surge: A Closer Look at Popcat, Dogs, and Dogecoin
Meme Coin Market Gains Momentum
The meme coin market is starting the week off with a bang. The sector has added more than $1.35 billion in value over the past 24 hours, with gains led by major meme tokens like $POPCAT, $DOGS, and $DOGE.
Meme Coins Rally, Reversing Last Week’s Losses
Today’s gains have been significant enough to erase losses from last week in the meme coin market.
- Dogecoin has jumped 8.4% today, turning a 7-day loss of nearly 3% into a gain of 5.75%.
- Popcat exploded more than 20% in the past 24 hours.
- New TON-based meme coin Dogs is up 16.5%.
- Brett is up 11.4%.
Trading volume has increased dramatically as well. Popcat saw its 24-hour volume more than double, to $101.5 million. Volume in Dogecoin is up 86% to $668 million today.
Market Analysis and Predictions
The sector-wide surge looks like more than just a bounce. Some analysts think it could be a significant reversal, and possibly the beginning of a renewed bullish mega-cycle.
- This trend aligns with seasonal patterns, where the crypto market often sees significant gains in the fourth quarter.
- While historically September is bearish, the market could be setting up for gains ahead of a predicted bullish market in 2025.
It’s also noteworthy that gains in the crypto market aren’t limited to meme coins. Bitcoin is up 4.6% in the past 24 hours, while Ethereum is up 3.2%.
This increases the likelihood that more traders will pile into the surge, helping the market continue its momentum through the rest of the week and possibly beyond.
New Entrants in the Meme Coin Space
While established meme coins are on the rise today, a new presale token by the name of Shiba Shootout is also generating buzz.
- Shiba Shootout has already raised nearly $1.1 million from early investors.
- The $SHIBASHOOT token is currently available at a discounted price of only $0.0202.
Shiba Shootout allows players to engage in various activities while earning tokens, including six-shooter duels and community decision-making.
Notably, the play-to-earn game for Shiba Shootout is already released, enabling players to earn tokens before the launch.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.