CandleFocus Meme Coins POPCAT, WIF Among Worst Performers in Top 100
2024-10-10
Author: Content Editor
Meme cryptocurrencies in the top 100 are experiencing losses in the market today. Popcat (POPCAT), the largest cat-themed crypto, has seen substantial losses, despite being supported by crypto investing veteran Murad Mahmudov. Popcat's capitalization has fallen below $1.2 billion in the past 24 hours due to low trading volume. Another meme coin, Dogwifhat (WIF), has also disappointed investors with a 5.5% price drop. Both Popcat and Dogwifhat have experienced losses on cryptocurrency derivatives markets, with the majority of erased positions being longs. Other meme coins like Floki, Bonk, and Based Brett are also seeing losses, while Shiba Inu has only experienced a small price drop. However, Dogecoin is the only meme coin seeing positive dynamics, with a 1.3% price increase in the past 24 hours. Overall, the crypto market is down, with Bitcoin losing 1.5% of its valuation and Ethereum down 0.2%.
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