Memecoins continue to dominate the crypto market with their gains, being the best performers not only in the past 24 hours, but last week as well.
As the crypto market started to recover after the recent decline, following Iran’s attack on Israel, some memecoins managed to register significant gains.
During the past 24 hours, as Bitcoin showed bullish momentum, almost reaching the $64,000 price level, the two biggest gainers were Mog Coin (MOG) and dogwifhat (WIF). MOG surged by over 16% and currently has a market cap of around $656 million, while WIF jumped by almost 15% and has a market valuation of around $2.6 billion.
In the past 7 days another memecoin caught crypto investor’s attention – the Solana-based Popcat (CAT). The altcoin surged by over 44% to $1.40, reaching a $1.37B market cap.
Interestingly, the latest CoinMarketCap Q3 report confirms that memecoins have been the most popular category in the crypto space – a trend. that started gaining steam in September. Additionally, Solana topped Ethereum.
Memecoins are gaining steam, as investors are expecting the so called “altcoin season” to begin, propelling prices ot new highs.
Despite Bitcoin’s attempt to break past the $64,000 level, its price declined to around $63,000 at the time of writing.
On October 7, Bitget’s native BGB token experienced a serious crash, falling from $1.14 to just over $0.53 in a matter of minutes before partially recovering to $1.
A notable cryptocurrency foundation has made headlines after liquidating a significant amount of Ethereum.
Elon Musk’s attendance at a Donald Trump rally on October 5 in Butler, Pennsylvania, caused significant market moves in one of the meme coins.
Well-known crypto analyst “Credible Crypto” seems bullish on Solana (SOL), while sharing views on XRP and Curve DAO (CRV).