Markets
Mog Coin (MOG) is seeing massive activity challenging the markets
Crypto assets continue to trade sideways today with meme coins like Mog coin, dogwifhat, and Popcat posting double-digit gains. This comes after sustained market fluctuations over the past two weeks sparked negative sentiment. Bitcoin hovering around $61,000 led to outflows across various markets with the market cap plummeting to $2.2 trillion.
In particular, meme coins are moving in a similar direction, although some assets have accelerated the pace defying trends. With these tokens surging, bulls are showing a slight optimism in the broader markets. Mog coin, dogwifhat, and Popcat are leading the major gains in the meme coin market today.
The Mog Coin leads the pack
Among major assets, Mog coin has skyrocketed with double-digit inflows with long-term steady numbers. Over the past 24 hours, the asset is up 15% with volumes increasing as users increase purchases. The asset’s upward momentum is also seen in the weekly numbers, as inflows have nearly doubled. The Mog coin is up 80% over the past seven days, while 14-day inflows have reached 116%.
The high numbers have attracted bullish predictions on the Mog coin price along with an expected reversal in market sentiment if macro factors turn positive. Dogwifhat price has surged to $2.12 after an 11% increase on the day. This year, WIF has seen massive traction thanks to the meme coin frenzy in Q1 2024.
Over the past seven days, dogwifhat has risen 19%, bringing its market capitalization to $2.1 billion. Daily volumes also reached $452 million, outpacing most assets in the past 24 hours.
Popcat’s Doubles Its Market Cap
While the winners recorded double-digit inflows, Pop cat reached triple digits while weekly figures reached 115%. Today, the asset surged 8.7%, adding to steady long-term inflows. Popcat’s market capitalization increased by $607 million, while daily trading volumes are above $61.1 million. In the broader market, Bitcoin recorded slight losses of 0.4% today, while Ethereum price is at $3,381. Cryptocurrencies such as Solana, Dogecoin and Cardano have also recorded exits in the last 24 hours.
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David is a financial news contributor with 4 years of experience in Blockchain and cryptocurrency. He is interested in learning about emerging technologies and has an eye for breaking news. Keeping up to date with trends, David has written in several niches including regulation, partnerships, cryptocurrency, stocks, NFTs, etc. Away from the financial markets, David enjoys cycling and horseback riding.