- Meme coins Dogwifhat, POPCAT, and MOG are leading the crypto market top performers today.
- The rise in meme coins signals potential market excitement and the start of “Uptober” for investors.
Three meme tokens have been the top gainers today, while Bitcoin (BTC) has been gradually gathering rebound momentum over the past weekend. Dogwifhat (WIF), POPCAT, and MOG are currently under more focus since they have been ranked highest among the top 100 cryptos.
WIF has jumped by 20.37% at the time of writing, closely followed by POPCAT with an 18.94% advance, and MOG has climbed by 17.90%.
According to CNF, once more attracting market interest is POPCAT, which previously outperformed popular cryptocurrencies such as DOGE, SHIB, and PEPE by ranking top of the daily gainer list.
Meme Coins Signal Uptober Surge
Dogwifhat also made the top gainers’ list earlier in October, as CNF earlier on reported. Today’s outstanding performance validates analysts’ prediction of a significant increasing trend for the coin. The ongoing performance of WIF indicates the tenacity and attraction of meme coins, particularly in view of bigger tokens like Bitcoin that show indications of recovery.
Given MOG’s recent drop in popularity, its ascent is as remarkable. Over the previous few weeks, other meme coins that were becoming popular on the TON network had surpassed MOG in popularity.
But today’s successes have placed MOG front stage once more, casting doubt on whether it will keep momentum or recede once more into the shadows.
Often heralding the start of a fresh bull run in the crypto market, meme coins are seeing a comeback. Known among investors as “Uptober,” this tendency points to a possible new phase of market development. Particularly meme coins have demonstrated great price swings in favorable market conditions, which excites this industry even more.
Of sure, the performance of big cryptocurrencies like Bitcoin will always be a crucial factor attracting investors to meme tokens. The knock-on effects for the larger market, including meme tokens, might be significant as BTC keeps on its comeback.
