Meme coins have surpassed Bitcoin （BTC） and Ethereum （ETH） in the latest crypto rally, with some tokens showing significant price increases. Discover the trends and the factors driving this performance.
Points
- Meme coins have outperformed BTC and ETH in recent market movements.
- Cat-themed meme coins have seen the most substantial gains.
- The Solana meme coin ecosystem also experienced significant growth.
- Market trends suggest a temporary but notable shift in the popularity of meme coins.
Meme Coins Take the Lead
In the recent crypto rally, meme coins have overshadowed Bitcoin （BTC） and Ethereum （ETH）, showing remarkable price surges. Bitcoin briefly surpassed $68,000 on July 21st, sparking overall market enthusiasm. However, meme coins stole the spotlight with their performance over the past seven days.
Cat-Themed Meme Coins
Cat-themed meme coins were particularly notable, with an average leap of 8.8% in the last 24 hours. The token Jacky （JACKY）, launched on July 5th, surged over 160% in a day despite previous inactivity. This spike is largely attributed to dust transactions, indicating removed liquidity.
Catcoin （CAT）, based on Binance Smart Chain, jumped 60% in the past 24 hours, while CatSolHat （SOLCAT） spiked 76.6%. The meme coin hehe （HEHE） continued its upward trajectory, growing 50.2% daily and 216% over the past week.
Solana Meme Coins
The Solana meme coin ecosystem also saw a 5% average growth, led by the doginapool （DIP） token, which surged 263% in 24 hours. This token is nearing a $4 million market cap, with over $1 million in volume.
Comparative Performance
Over the past week, meme-related tokens have outperformed BTC by 5% and ETH by 9.3%. However, they fell short of Solana’s （SOL） performance, which led the market.
Conclusion
Meme coins have demonstrated significant short-term gains, outpacing BTC and ETH. These tokens, particularly cat-themed ones, have capitalized on market trends and investor interest, highlighting the dynamic nature of the crypto market.