Memecoins
3 Meme Coins with Potential Post-CPI 300X Data
Crypto markets are rebounding as macroeconomic data drives bullish reactions in major assets and meme coins. Recovering from weekly lows that saw billions of outflows and a massive liquidation of long positions, crypto enthusiasts are forecasting growth towards previous highs.
At press time, the total crypto market capitalization stands at $2.52 trillion, an increase of 3%, while meme coins increased by 1% to $61.9 billion. dollars. Recent CPI data ignites market participants as US inflation cools. The year-on-year figures in May were 3.3% below expectations of 3.4%. Likewise, the core CPI increased by 3.4% compared to 3.5% expected. The monthly figures were also colder than expected, with market bulls predicting future interest rate cuts. Here is the best
coins skyrocketing following CPI data.
Zoomer (Ground)
Zoomer is the biggest gainer over the past 24 hours, recording gains over 140%. Assets surged 157% this week despite sluggish performance due to the broader market slowdown. Overall, its number remained in the green zone despite the crypto correction with a broader rise of 221%. Zoomer’s market capitalization has reached $1.6 million while trading volumes are slightly above the $1 million mark.
Keyboard Cat (KEYCAT)
Keyboard Cat follows Zoom into the best meme plays with 300X potential. The asset is up 114% today, erasing weekly losses from the broader market correction. Over the past seven days, KEYCAT is up 15% while monthly figures are in loss. According to
CoinGecko data, the asset is up $1.6 million with daily volumes above 252,000. Cat-themed tokens have seen steep spikes this year, recording huge gains.
CatGroundHat (SOLCAT)
The popular SOLCAT has soared 86% in the past 24 hours with positive mid-day trading as bulls rally behind the cooler. IPC data. These gains erased the losses, bringing weekly gains to 3.1%. With trading volumes exceeding $420,000, its community anticipates increased market capitalization. Generally speaking, a fall in inflation signals a possible fall in interest rates which could lead to flows into risky assets.
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David is a financial news contributor with 4 years of experience in Blockchain technology and cryptocurrencies. He is interested in emerging technologies and has an eye for the latest news. Staying on top of trends, David has worked across several niches including regulation, partnerships, crypto assets, stocks, NFTs, and more. Far from the financial markets, David goes cycling and horse riding.