Several cat-themed meme cash are trending on CoinGecko, with some recording three-digit positive aspects over the previous week.
While the general crypto market is seeing a quick liquidation, as merchants are taking earnings from main property like Bitcoin and Ethereum – the meme coin market continues to succeed in new heights. The meme coin market cap elevated by 4% at present, regardless of the general crypto market cap dipping by 1.5%.
New presale tokens are largely driving this meme coin rally as buyers proceed to search for new initiatives, after the recent success of BOME and Slerf. However, cat-themed tokens appear to be experiencing excessive curiosity throughout social media.
CAT token, one of many oldest cat-themed meme cash, reached a brand new all-time high at present after rallying 430% in a day and over 1,000% since final week. The token’s surge is probably going attributable to random hype on social media, as meme coin merchants place their bets throughout a number of property.