Boost

2024

Solana

Bitcoin

Cat-themed and Solana memecoins recorded inflows in the last 48 hours based on positive Bitcoin halving momentum and a reversal of the previous downtrend. This uphill movement is seen as some assets have spiked above 100% this week although some posted outflows.&nbsp;
Solana memecoins dominated narratives in Q1 2024 as memecoins went into a frenzy. On-chain activities for most tokens drove the price of Solana wiping off previous losses. Although the frenzy has cooled, similar surges are recorded periodically.&nbsp;
<h2 id="span-style-font-weight-400-strong-bull-cycle-and-institutional-flows-boost-tokens-strong-span">Bull Cycle and Institutional Flows Boost Tokens&nbsp;</h2>
The market capitalization of Solana memecoins stands at $7 billion with a $1.3 billion trading volume.&nbsp;
A key indicator for an upward run in Solana’s new iOS is the price of the assets and inflows to its institutional products. These factors can spur renewed optimism in the memecoins as they tend to soar in bull cycles. <a href="https://coingape.com/markets/solana-price-rally-captures-institutional-investor-attention-can-this-interest-thrust-sol-to-100/" target="_blank" rel="noopener noreferrer nofollow">Institutional flows</a> to Solana are also important because last year’s asset growth was on the back of movements from traditional finance.&nbsp;
On the other hand, Cat-themed memecoins are less mainstream than Solana. However, some cat-themed tokens have soared above many Solana memecoins and continue to rally in the last 30 days. At press time, catcoins are up 5.8% today at a market cap of $1.7 billion.&nbsp;
<h2 id="strong-top-cat-themed-and-solana-memecoins-strong">Top Cat-themed and Solana Memecoins&nbsp;</h2>
Popcat leads the trending charts with over 25% gains in the last 24 hours. This movement places weekly flows at 226%. While <a rel="noopener noreferrer nofollow" href="https://www.coingecko.com/en/coins/popcat" target="_blank">Popcat</a> remains flying, gmeow is the highest gainer at 121% while Batcat and Bingus the cat posted 168.6% and 57.2% respectively.&nbsp;
<img decoding="async" class="aligncenter size-full wp-image-193127" src="https://coingape.com/wp-content/uploads/2024/04/chart-23.jpeg" alt="" width="1644" height="1200" srcset="https://coingape.com/wp-content/uploads/2024/04/chart-23.jpeg 1644w, https://coingape.com/wp-content/uploads/2024/04/chart-23-300x219.jpeg 300w, https://coingape.com/wp-content/uploads/2024/04/chart-23-1224x893.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/04/chart-23-768x561.jpeg 768w, https://coingape.com/wp-content/uploads/2024/04/chart-23-1536x1121.jpeg 1536w, https://coingape.com/wp-content/uploads/2024/04/chart-23-150x109.jpeg 150w" sizes="(max-width: 1644px) 100vw, 1644px">
Most of the trending cat-themed memecoin are in the Solana ecosystem showing the correlation of trading patterns. This also indicates the current enthusiasm for cat-themed tokens than other rivals after the Bitcoin halving. The <a href="https://coingape.com/bitcoin-halving-4-0-is-a-success-what-happens-to-btc-price-next/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin halving</a> spurred renewed speculation in the market with crypto assets notching upticks.&nbsp;
Miners’ movement before the halving also led to renewed optimism in the cryptocurrency market.
Also Read: <a href="https://coingape.com/trending/who-is-nadeem-anjarwalla-embattled-binance-executive-faces-extradition/" target="_blank" rel="noopener noreferrer nofollow">Who Is Nadeem Anjarwalla? Embattled Binance Executive Faces Extradition</a>&nbsp;
The post <a href="https://coingape.com/trending/cat-themed-vs-solana-memecoins-what-to-look-out-for/" rel="noopener noreferrer nofollow">Cat-Themed vs Solana Memecoins: What To Look Out For</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Cat-Themed vs Solana Memecoins: What To Look Out For

Mục lục

Coingape News Media

Các bài viết khác được xuất bản trên 23 thg 4, 2024

Coinbase Unveils Promotional Campaign Celebrating Bitcoin’s Halving Event

‘Buy Bitcoin’ Note From Janet Yellen Testimony Nears $140,000 In Auction

Shiba Inu vs. PEPE: What Could be the outcome of investing $500 over the next 30 days?

Stellar Price Prediction: Is Stellar (XLM)Worth A Big Investment in 2024?

Binance Coin Outshines BTC as Technicals Signal Bullish Path

Terra Classic is Burning: Will LUNC Price Explode?

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!