In memecoin land, it is the rise of cat season, as they call it. Although memecoins are not for everyone, for those who are interested, maybe they can unite themselves behind top catcoins that climb their ways through the rankings and see a surge of up to 40% last week.
Is it now the time for cats to reign down the memes? If we lower our IQ and remember the past, and see the popularity of dog-themed tokens like Dogecoin and Shiba Inu, we can start to fantasize about a memecoin run that is run by cats instead of bulls. Let’s take a closer look at some of the popular catcoins.
What Are the Top Cat-Themed Memecoins?
Several cat-themed tokens have climbed up the ranks with substantial gains and made some early birds very rich. Among these are POPCAT, MEW, MOG, and CAT, among many other small caps that stand out due to their significant community and meme culture.
POPCAT
First in line is Popcat, which is a memecoin based on a simple online game that first went viral during the COVID-19 pandemic in 2021.
Initially, the game seemed like a mindless diversion, but it quickly gained a competitive aspect when a global leaderboard was introduced, putting countries against each other in a way to compete as the most dedicated “cat-poppers”. POPCAT, a Solana-based token linked to this game, has seen rapid growth, and will be the first token to reach a $1 billion market cap.
MOG
Second in place is MOG Coin, which is famous for the coin with the cat with glasses, called ‘The Joycat’.
The term “MOG” is derived from the acronym “AMOG,” meaning “alpha male of group.” It first surfaced on fitness forums and imageboards around 2016 and gained popularity around 2021. In internet slang, to “mog” means to be significantly more.
MOG, an Ethereum-based token, has surged 70% in two weeks, supported by a strong cult following on various social platforms. The community frequently engages with posts using terms like “mogging” and “mogged,” which drives up interest in where this kitty cat comes from.
CAT
CAT is linked to Simon’s Cat, the Simon’s Cat comic series, which is an animated and book series written by Simon Tofield. The main character is a fat, hungry white cat who uses various tactics to get his owner to feed him. Similar to Garfield.
Based on the BNB Chain, CAT has quickly risen in prominence. It reported over $145 million in trading volume in just the last 24 hours, making it the third biggest cat-themed memecoin on the market.
MEW
Last in line and big gainer is MEW, which was listed on Revolut, the online neo bank app. Not a lot can be found on the token, only memes are the only artifacts of the project.
Conclusion
As cat-themed meme coins are yet another meaningless spinoff of the meme narrative that knows no limits, the true degen won’t back down to gamble on anything that outperforms the market. Could this be an opportunity for a new sector within crypto or is this just another fad that comes as quickly as it went? Interested in more memes? You can check out our guide on best memecoins of 2024 here.
The post The Cat Memecoin Bubble: Will It Pop or Keep Going? appeared first on YourCryptoLibrary.