Memecoins
5 Best Performing Memecoins at the Start of the Week
The global cryptocurrency market is going through a slow phase, with a total market value of $2.54 trillion. Despite the slow pace, meme coins have established a niche, with a combined market capitalization of $58.4 billion. This amount represents a significant increase of $2.1 billion, despite an 11% decrease in 24-hour trading volume for all meme coins. Against this backdrop, a few meme coins outperformed others in terms of performance earlier this week. Here, we explore the top five memecoins that have attracted market attention.
1. Hoppy (hoppy)
Hoppy has become a major player in the meme coin market, currently priced at $0.00002141. Even though the token had a turbulent week with a 39.31% drop last week, it rebounded strongly with a 48.93% increase in the last 24 hours. Based on Ethereum, the HOPPY takeover market cap increased to $9 million with a 24-hour trading volume of $2.87 million. It has enjoyed a significant market presence with a circulating supply of 130,262,017,400 coins.
2. Ben the dog (BENDOG)
Ben the Dog has been a standout performer among memecoins, especially this past week. With a price of $0.0527, BENDOG saw a remarkable increase of 225.96% over the past seven days, despite a slight decline of 1.66% over the past hour. Based on Solana, the 24-hour performance remains solid with an increase of 39.42%. BENDOG’s market capitalization is an impressive $52.69 million, backed by a nearly equivalent 24-hour trading volume of $52.48 million. The circulating supply of the coin is 977,902,058, making it a formidable player in the meme coin business.
3. Catwifhat (CWIF)
Catwifhat, priced at $0.000001748, also showed significant activity. Although the token’s value fell by 10.25% over the past week, CWI saw a 37.15% rise over the past day. CWIF has a market capitalization of $61.3 million, with a 24-hour trading volume of $12 million. The circulating supply of the coin is quite large, totaling 6,866,414,470,770 CWIF, indicating a wide distribution among investors.
4. Byte (BYTE)
Byte has also been a notable player among memecoins, with a price of $0.000009824 at the moment. The cryptocurrency saw a significant rise of 29.63% over the past day and a remarkable rise of 75.42% over the past week. Byte’s market cap is currently valued at $9,474,761, with trading volume down $448,584 over 24 hours, indicating a calmer trading atmosphere. The growing popularity of BYTE is evident in its circulating supply of 47,056,761,962 coins.
5. Andy on SOL (ANDY)
Andy on SOL, currently trading at $0.008857, completes the list of top five memecoins at the start of the week. Even though ANDY saw a slight decline of 0.76% in the previous hour, it surged by 26.65% in the last 24 hours and posted a growth of 16.09% over the week. The market cap stands at $8,380,913, with a trading volume of $7,119,995 in the last 24 hours. ANDY’s significant presence in the meme coin market is demonstrated by its circulating supply of 796,633,538 coins.
Conclusion
Even though the overall cryptocurrency market remains slow, memecoins continue to attract attention and investment. Hoppy, Ben the Dog, Catwifhat, Byte and Andy on SOL stood out with their impressive performances, demonstrating the dynamic nature of the meme coin segment. Investors closely monitor these coins, expecting them to provide substantial returns despite overall market fluctuations.