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- POPCAT leads the meme coin market with impressive gains, outperforming major competitors in trading volume and investor interest.
- The inclusion of POPCAT in Binance’s perpetual contracts drives whale interest and strengthens its market position.
The cryptocurrency market began September with a prolonged downward trend among major cryptocurrencies, but one meme coin has made an impressive jump to capture the top spot as today’s leading gainer.
The cat-based meme token POPCAT, has driven the rebound in both the primary cryptocurrency market and the meme coin sector.
POPCAT price has risen by 9.82% over the last 24 hours, to $0.5821. This significant growth has surpassed the performance of its competitors, including MEW, DOGS, PEPE, and MYRO, as well as major cryptocurrencies like Bitcoin, Ethereum, BNB, and Solana.
POPCAT Explosive Growth Highlights Market Dominance Over Competitors
The daily trading volume for POPCAT also increased dramatically, rising by more than 178% to $89.119 million. The increased trading activity demonstrates investors rising interest in this meme token. POPCAT’s market cap has also increased, currently sitting around $570.41 million.
The token’s liquidity indicator is around 15%, indicating how liquid this meme token is and a strong level of investor interest in trading it.
In comparison, POPCAT’s competing token, MEW, has increased in value, but only by roughly 1.49% over the same time period, which pales in comparison to POPCAT’s growth. This sharp disparity in performance demonstrates POPCAT’s considerable market momentum.
Previously, according to CNF, POPCAT and DOGS were both among the top gainers on a daily basis before experiencing short-term dips. DOGS, a new meme token on the TON network, gained traction after being listed on Binance.
POPCAT’s price increase was further aided by its listing in Binance’s perpetual contracts, which sparked significant interest from whale investors seeking to accumulate this meme coin. This development fuelled the token’s upward trajectory even more, since larger investors contributed significantly to its price increase.
