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Meme Coins, Cat Tokens and more take over!
The life of cryptocurrencies and their investors is always full of ups and downs. And these ups and downs are the reason why some people make profits while others suffer losses. Today, we explore the top 3 cryptocurrencies in the ecosystem that have gained high traction in the last 24 hours and what category they belong to.
Memes
Meme coins have attracted more investors to the cryptocurrency ecosystem than Bitcoin itself. If you find people who know about meme coins crypto but are not familiar with Bitcoin and ETH, don’t be surprised. In the last 24 hours, the meme coin cryptocurrency category has seen a 7645% increase. A newly launched meme coin on the BNB smart chain, known as baby Binance, is the best. Hold on tight because this coin has increased by 117.92 million percent in the last 24 hours. This token is currently trading at a price of $0.060123 and has a market cap of $3.31 billion. The meme cryptocurrency category has a market cap of $49.35 billion at the time of writing. In the last 24 hours, this category has seen a trading volume equivalent to 62,162 BTC.
Cat themed
If you are a cat lover, you will love this category of crypto tokens. There are thousands of cat-themed meme coins. These tokens combine to create a market cap of $2.5 billion. In the cryptocurrency ecosystem, they have a market dominance of 0.11%. In the last 24 hours, this category has increased in price by 20.23% with the Cat Finance token witnessing the highest increase of 1881.73%. CAT is trading at a price of $0.0001421 and is down 61 from its all-time high. In the last 24 hours, this cat-themed token has seen a huge trading volume. It is up by 5.2M%.
Social money
HollyGold, being the best performer in this category, has increased by 139.82% in the last 24 hours. This category has a market cap of $65 million, down by 0.07%. The dominance of this category is almost 0. The social money category has witnessed an increase of 18.21%. In the last 24 hours, this category has seen a trading volume of only 80 BTC.
video
With a surge of 11.79% in the last 24 hours, this category is at number 4 on our list. With a market dominance of just 0.02%, video tokens have a market cap of $4.8 billion. HollyGold is the best performer in this category as well.
Marketing
This is the third category dominated by the Holly Gold crypto token. With a total market cap of $517 million, this category has increased by 11.60% in the last 24 hours. A total trading volume of 471 BTC has been recorded by the marketing crypto tokens.
Conclusion
In the ever-evolving cryptocurrency ecosystem, new categories and tokens are emerging every day. Some of them are showing a supersonic surge in their prices, however, they lack foundation and utility. It is the duty of investors not to be swayed by the brilliance of these tokens and do their due diligence before making any financial decisions.