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3 cat-themed meme coins to sell in the red zone
Cat-themed meme coins are leading losses in the crypto market, with double-digit numbers recorded today. Although broader market sentiment has plummeted, leading to losses and a slight sell-off, investors appear to sell some of their meme tokens. The status quo can be seen with market capitalization falling from Bitcoin to altcoins. Total market capitalization fell 2.55% to $2.42 trillion, while trading volumes declined 16%.
Meme coins it also recorded a decreasing market capitalization of 1.6%, with a total value of US$57.2 billion. While some assets saw bullish entries trading against the market, cat-themed meme coins fell to lows not recorded since the recovery. This category of meme coins saw losses totaling 5.5% today, causing its market value to drop to $1.95 billion. Here are the top cat-themed meme coins posting huge losses today.
Cat in a Dog World (MEW)
MEW fell 11.6% in the last 24 hours, sending the weekly numbers into crisis. The last seven days have shown outflows of 10.9% as meme coins continue a downward trajectory. MEW has a more positive long-term trend, highlighting current corrections.
The asset’s total market capitalization fell to $347 million, with trading volumes above $81.3 million. Despite trading below previous highs, users opine on a rebound when sentiments change.
Mog Coin (MOG)
The previously booming asset fell 11.3% today and 34% this week. Weekly losses mount as investors withdraw funds from risky assets, along with other industry factors. The price of MOG continues to fall, boosting sales, although its community is looking for a recovery, as seen in previous months. The market cap is $331 million, while daily trading volumes have exceeded $30.9 million.
Popcat (POPCAT)
Popcat is the third cat-themed meme coin by capitalization masher, with several investors offloading the asset from their portfolios. Popcorn fell 7.2%, increasing the seven-day figure by 32.6%. Unlike other assets, its monthly numbers are still in the red zone, taking the asset to rock bottom. Popcat’s market capitalization hovers at $247.7 million as the bearish outlook grows stronger.
Read too: Will Ethereum Price Break $4K in Short-Term Trading?
David is a financial news contributor with 4 years of experience in Blockchain technology and cryptocurrencies. He is interested in learning about emerging technologies and keeps an eye on the latest news. Keeping up to date with trends, David has reported across multiple niches including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from financial markets, David rides his bike and horses.