- Memecoins with dog themes are incredibly popular.
- Memecoins with a cat theme fall far short of their dog counterparts in every way.
- A boom is anticipated for cat tokens.
The rise in popularity of dog-themed memecoins has captured the attention of the cryptocurrency community. Dogwifhat, the most recent breakout dog coin, has increased its valuation by $1 billion in the last week to move up the market cap rankings.
CryptoCaster Quick Check:
This exponential increase emphasizes how different dog-themed coins are from their feline counterparts, which have not yet achieved the same degree of popularity and widespread acceptance. Many people are left wondering whether the cryptocurrencies with cat themes can ever match the outstanding accomplishments of their competitors.
Dog-Themed Memecoins Take the Lead
A startling difference in the market capitalization of tokens with cat and dog themes was found using data from CoinGecko. Dog-themed memecoins are over 60 times larger than their feline counterparts, with a valuation of $46.2 billion, compared to the $731.5 million total market cap of tokens with a cat theme.
There are indications that cat-themed memecoins are becoming more popular more quickly, even with the large difference. The category with a cat theme grew by an astounding 196% in the last seven days, surpassing the 70.2% growth noted in the dog-themed category.
This spike in demand indicates that investors looking for the next big thing in the quickly developing memecoin market might be paying attention to the coins with feline themes. It will be difficult to bridge the enormous gap between Dogecoin and Shiba Inu and the emerging Solana-based dog coins like Dogwifhat and Bonk. This is especially true given that there aren’t many well-known brands in the cat-themed industry.
Stay in the know on crypto by frequently visiting Crypto News Today
Two cat tokens, CateCoin and Cat Pay, were mentioned by a Reddit user in a post from ten months ago. The user, however, berated the projects’ inadequate marketing strategies and claimed that their Telegram channels prohibited users from making helpful recommendations. However, the lackluster popularity of cat tokens cannot be explained by these two instances alone.
“If none of these cat tokens take off, I’m done with cat tokens for good though, it may just be that cat people are not good investors overall,” declared the Redditor.
The price performance of tokens with a cat theme has been remarkable recently, despite the apparent lackluster community outreach and marketing of CateCoin and Cat Pay.
Cat Coins Increase
When examining the current market capitalization of memecoins with cat themes, Wen stands out as the biggest at $0.0003244, having experienced a remarkable 121% increase in the last seven days. Though notable, this growth is nothing in comparison to this week’s top gainers inspired by cats.
Taylor Swift’s Cat is at the top of the list of high flyers with a price of $0.003808 and a whopping 9,520% increase over the same period. Other noteworthy performers are BananaCat, up 601%, and Arab Cat, up 877%. Investors looking to jump on the next hot trend have definitely taken notice of these striking gains.
Cat tokens, according to trader Solana Plays, will be the next industry to print enormous gains. In keeping with this way of thinking, he asked his followers to promote their favorite cat tokens.
W
e hope you enjoyed this article. Before you move on, we invite you to consider supporting CryptoCaster’s journalism.
Billionaire owners like Elon Musk, Larry Fink (BlackRock), and Jamie Dimon (JP Morgan Chase) often have a strong influence on the hidden agendas surrounding the paradigm shift brought about by cryptocurrency and emerging Web3 technologies. CryptoCaster stands apart. We have no billionaire owner or shareholders to please. Our journalism is dedicated to serving the public interest in crypto development and institutional disruptions, not profit motives.
We avoid the pitfall of much U.S. and global media, which often resorts to false equivalence in the name of neutrality and retail consumer protection. While fairness and transparency guide everything we do, we recognize that there is a right and wrong stance in the fight against fiat global banking interests and the monetary reconstruction driven by the emerging crypto ecology.
When we report on issues like the FTX, Binance, and Ripple crises, we’re not afraid to name names and uncover the truth. As a crypto sentinel, we offer a fresh, outsider perspective on global monetary disruption—something often missing from the insular American and European media bubble.
CryptoCaster’s paywall-free journalism is accessible worldwide thanks to our unique reader-supported model. This is made possible by readers like you. Your support keeps us independent, free from outside influence, and accessible to everyone, regardless of their ability to pay for news and information.
We are grateful for the ongoing monetary support from our readers. If you haven’t yet considered supporting CryptoCaster, please consider contributing just once from $1 or more in Bitcoin (satoshi) or Ether, or even better, support us monthly with a bit more. Scroll further down this page to find CryptoCaster’s wallet addresses.
Thank you.
Kristin Steinbeck
Editor, CryptoCaster
Please Read Essential Disclaimer Information Here.
© 2024 Crypto Caster provides information. CryptoCaster.world does not provide investment advice. Do your research before taking a market position on the purchase of cryptocurrency and other asset classes. Past performance of any asset is not indicative of future results. All rights reserved.
Contribute to CryptoCaster℠ Via Metamask or favorite wallet. Send Coin/Token to Addresses Provided Below.
Thank you!
BTC – bc1qgdnd752esyl4jv6nhz3ypuzwa6wav9wuzaeg9g
ETH – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
SOL – DLvdMu85dW6pZMhw2E4S3pp81qQQGpy5UcdTsFEFBu4b
LITECOIN – ltc1qxsgp5fykl0007hnwgl93zr9vngwd2jxwlddvqt
CRYPTOCASTER HEATMAP
