Memecoins
3 cat themed meme coins to sell in the red zone
Feline-themed meme coins are driving the cryptocurrency market’s losses with double-digit losses recorded today. As broader market sentiment has collapsed leading to losses and a slight liquidation, investors appear to be selling some of their meme tokens. The status quo can be seen with the market capitalization plummeting from Bitcoin to altcoin. Total market capitalization fell 2.55% to $2.42 trillion, while trading volumes fell 16%.
Meme coins it also saw a market capitalization decline of 1.6% with a total figure of $57.2 billion. While some assets saw bullish inflows trading against the market, cat-themed meme coins sank to all-time lows after rebounding. This category of meme coins recorded losses totaling 5.5% today, causing its market capitalization to drop to $1.95 billion. Here are the top cat-themed meme coins experiencing huge losses today.
The cat in the world of dogs (MEW)
MEW fell 11.6% in the past 24 hours, putting the weekly data in the doldrums. The last seven days have shown outflows of 10.9% as meme coins continue a downward trajectory. MEOWING has a more positive long-term trend that highlights current corrections.
The asset’s total market capitalization fell to $347 million with trading volumes exceeding $81.3 million. Despite trading below previous highs, users expect a rebound when sentiments change.
Mog Coin (MOG)
The asset, once rising strongly, today fell by 11.3% and this week by 34%. Weekly losses soar as investors shift funds out of risky assets along with other industry factors. MOG’s price continues to plummet, causing sell-offs, even as its community looks to a rebound as seen in previous months. The market capitalization stands at $331 million, while daily trading volumes exceeded $30.9 million.
Popcat (POPCAT)
Popcat is the third cat-themed meme coin by capitalization masher with several investors dumping the asset from their portfolios. Popcat is down 7.2%, boosting seven-day numbers by 32.6%. Unlike other assets, its monthly data is still in the red zone, putting the asset deep in the woods. Popcat’s market capitalization stands at $247.7 million as the bearish outlook grows stronger.
Read also: Will Ethereum price surpass $4,000 in near-term trading?
David is a financial news contributor with 4 years of experience in Blockchain technology and cryptocurrencies. He is interested in learning about emerging technologies and has an eye for the latest news. Staying up to date on trends, David has reported in several niches including regulation, partnerships, cryptocurrencies, stocks, NFTs, etc. Away from the financial markets, David cycles and rides horses.