Memecoins
3 meme coins with 300x potential post CPI data
Cryptocurrency markets are seeing a recovery as macroeconomic data drives bullish reactions in major assets and meme coins. Recovering from weekly lows that saw outflows of billions and massive liquidation of long positions, crypto enthusiasts are predicting growth to previous highs.
As of this writing, the total cryptocurrency market capitalization stands at $2.52 trillion, up 3%, while meme coins rose 1% to $61.9 billion. Recent consumer price index data is firing up market participants as US inflation cools. May’s year-over-year data was 3.3% lower than expectations of 3.4%. Likewise, core CPI rose 3.4% versus 3.5% expected. Monthly data was also colder than expected, with market bulls projecting future interest rate cuts. Here are the best
meme coins skyrocketing following CPI data.
Zoom (Sun)
Zoomer is the one that has gained the most in the last 24 hours, recording gains of more than 140%. Assets are up 157% this week despite sluggish performance due to the broader market downturn. Overall, its number remained in the green zone despite the crypto correction with a larger increase of 221%. Zoomer’s market capitalization has risen to $1.6 million, while trading volumes are slightly above the $1 million mark.
Keyboard Cat (KEYCAT)
Keyboard Cat follows Zoomer in the top meme coins with 300X potential. The asset is up 114% today, erasing weekly losses from the broader market correction. In the last seven days, KEYCAT is up 15% while the monthly numbers are at a loss. Second
CoinGecko According to the data, the asset grew by $1.6 million with daily volumes exceeding 252,000. Feline-themed tokens have shown sharp spikes this year recording huge gains.
CatSolHat (SOLCAT)
The popular SOLCAT rose 86% in the last 24 hours in positive trading at midday as bulls rallied behind lower temperatures. IPC data. These gains erased losses bringing weekly gains up to 3.1%. With trading volumes above $420,000, its community expects a higher market capitalization. Generally, low inflation signals a possible decline in interest rates that could push inflows into risky assets.
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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.