Animal-Themed Meme Coins Surge as Dog, Cat, and Frog Tokens Show Impressive Growth
Summary:
The past month saw a remarkable surge in animal-themed cryptocurrency, with dog, cat, and frog-inspired tokens showing notable growth. Dog-themed coins dominated with a trading volume over $24.2 billion in 24 hours, mainly driven by Dogecoin (DOGE) and Shiba Inu (SHIB). Meanwhile, cat-themed coins, led by Solana-based Popcat (POPCAT), generated $63.4 million in the same period. The best performers were Solana's dogiwfhat (WIF) and Popcat, with respective gains of 620% and over 1,400%. Similarly, frog-themed token, Pepe (PEPE), also saw significant growth, achieving a 781% rise in the last 30 days.
In the last month, the cryptocurrency market has seen a surge in animal-themed meme coins, with tokens inspired by cats, dogs, and frogs showing triple and quadruple-digit growth. In the crypto market's upward trajectory towards record highs, dog-themed coins have particularly stood out, with 24-hour trading volumes exceeding $24.2 billion. This surge was primarily driven by Dogecoin (DOGE) and Shiba Inu (SHIB). In contrast, cat-themed coins like the Solana-based Popcat (POPCAT) generated trading volumes of $63.4 million within the same period, as shown by CoinGecko data.
Comparatively, some animal-inspired tokens have done better than others. The past month's top-performing dog-inspired token has been Solana's dogiwfhat (WIF), which saw gains of 620% over last month. It rose from $0.22 on 4th February to $1.55 current value. Since its inception on 20th November, the WIF token has had an over 100,000% return, though very few traders have realized these kind of gains from the token. On the other hand, the highest-performing cat coin was Solana's Popcat (POPCAT), which showed an over 1,400% increase over the past month. It escalated from $0.006 on 4th February to $0.10 at present.
In addition to these, Dogecoin experienced a sudden surge, growing just over 117% in the past week. Similarly, Shiba Inu has grown by more than 323% in the same week.
Beyond the world of cats and dogs, a small selection of frog-themed tokens have been outperforming, with Pepe (PEPE) leading the group. After falling 83% from its previous peak on May 6, 2023; Pepe began seeing an increase in price and trading volume on 25th February. It broke its earlier record of $0.00000372 on March 2 and has doubled in value since then. At the time of writing, Pepe was valued at $0.00000802 showing a 781% rise in the last 30 days. Pepe alone has generated over $4.2 billion in trading volume in the last 24 hours.
Published At
3/5/2024 6:59:39 AM
Disclaimer: Algoine does not endorse any content or product on this page. Readers should conduct their own research before taking any actions related to the asset, company, or any information in this article and assume full responsibility for their decisions. This article should not be considered as investment advice. Our news is prepared with AI support.
Do you suspect this content may be misleading, incomplete, or inappropriate in any way, requiring modification or removal?
We appreciate your report.