“Cat-themed tokens have emerged as a new cohort alongside dog-themed Dogecoin (DOGE) and Shiba Inu (SHIB), among the biggest gainers in the 2020-2021 bull run.”, — write: www.coindesk.com
- Tokens like POPCAT, MEW, MOG, and CAT have seen significant gains, up to 40% in a week, following a 50 basis point rate cut by the U.S. Federal Reserve, indicating a return of risk-on sentiment in the crypto market.
- POPCAT reached a $1 billion market cap, MOG has surged 70% in two weeks due to strong social media backing, and CAT, linked to Simon’s Cat comics, saw $145 million in trading volume in the last 24 hours.
- Analysts predict continued growth in memecoins, fueled by anticipated liquidity increases and bullish market sentiment, potentially leading to a boom similar to previous cycles.
Edited by Parikshit Mishra.
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