Cat-Themed Popcat Has Popped Whopping 6813% This 12 months: Feline-Themed Cash Are Difficult Supremacy Of Dogecoin, Shiba Inu And Floki – Emeren Group (NYSE:SOL)

Cat-themed meme coin, Popcat emerged as the most important memecoin gainer this 12 months, disrupting the dynamics of an area historically dominated by the canines.

What Occurred: The Solana SOL/USD-based cryptocurrency has notched eye-popping features of 6813% year-to-date. The coin with half a billion {dollars} value of market cap was launched in December 2023 and has swiftly ascended upward this 12 months.

Curiously, the second-best performing meme coin additionally occurred to be from the feline household, named Mog Coin, which has surged 2814% since 2024 started. Not like POPCAT, MOG is an Ethereum ETH/USD-based token.

Quite the opposite, regardless of spectacular advances this 12 months, dog-themed tokens have lagged behind feline currencies. Solana-based dogwifhat WIF/USD was up 1000% year-to-date, whereas Floki FLOKI/USD might solely handle a spike of 232%. 

Market heavyweights like Dogecoin DOGE/USD and Shiba Inu SHIB/USD have been regular, rising by 18.33% and 33.80%, respectively, this 12 months.

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Why IT Issues: The expansion of cat-themed memecoins coincided with a broader upswing within the cryptocurrency market. The entire market capitalization has risen by 28% for the reason that starting of the 12 months.

Earlier cryptocurrency bull cycles have seen important curiosity in meme tokens, most notably the all-time highs hit by DOGE and SHIB in 2021.

With the variety of blockchains increasing and new individuals coming into the market, the business might even see extra memecoin launches, together with these impressed by cats. 

Picture Generated With DALL_E 3

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