Memecoins lifted Sunday as the broader cryptocurrency market staged a spirited recovery from Friday's lows.
What happened: Cat-themed cryptocurrency, Popcat, led the rally, with gains upwards of 6.5% in the last 24 hours. The Solana (CRYPTO: SOL)-based coin registered a 51% spike in trading volumes to $57 million.
Despite a 5.72% decline over the month, POPCAT has been a bumper investment in the cryptocurrency market this year, returning a whopping 6515% year-to-date.
Cryptocurrency
Gains +/-
Price (Recorded at 11:55 p.m. EDT)
Popcat (POPCAT)
+6.58%
$0.5376
Brett (Based) (BRETT)
+4.89%
$0.07281
Pepe (CRYPTO: PEPE)
+3.14%
$0.00007033
Brett, the memecoin based on Layer-2 network Base, notched up gains close to 5% in the 24 hours. Inspired by the character Brett from Matt Furie's Boys' Club comic series, the token erased losses from Friday with the latest uptick.
Ethereum (CRYPTO: ETH)-based Pepe also popped over 3%, with a 41% jump in trades in the last 24 hours. In fact, the frog-themed token was the most traded memecoin in the 24-hour period, eclipsing the trading volume for Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB).
The total memecoin market capitalization rose from $35.63 billion to $36.50, indicating a rise of 2.4%.
See Also: Peter Schiff Will Accept He Was Wrong About Bitcoin If Restaurants Begin To Show Prices In Satoshis Among Other Things
Why It Matters: The rally came amid a wider market uptick, with Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) advancing to the north.
The spike came after Bitcoin plummeted below $53,000 on Friday due to investors' concerns about a weakening labor market.
The global market cap stood at $1.95 trillion, following a jump of 1.26% in the last 24 hours.
Price Action: At the time of writing, Bitcoin was exchanging hands at $55,116.82, up 1.43% in the last 24 hours, according to data from Benzinga Pro.
Image via Shutterstock
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オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会（ASIC）の管理を受けております（AFSL No. 224663）。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。
Layer-2ネットワークBaseに基づくmemecoinであるBrettは、24時間で約5%の利益を上げました。Matt FurieのBoys' ClubコミックシリーズのキャラクターBrettに触発され、このトークンは金曜日の損失を最新の上昇で取り消しました。