Meme Cryptocurrencies Outperform Market Despite Downturn
Amidst a broader market decline, several prominent meme cryptocurrencies have emerged as top performers.
BONK, WIF, and POPCAT Surge
Today, September 30, 2024, two meme coins, BONK and WIF, occupy positions among the five best-performing cryptocurrencies. BONK and WIF have experienced a 7.1% increase in value over the past 24 hours.
WIF, a unique Solana-based meme coin, has punished bears, with over $2.17 million in liquidations registered from traders shorting WIF in the past 24 hours.
Popcat (POPCAT), the only cat-themed meme coin in the top 100, has seen its market capitalization grow by 2.4%.
Top Meme Coins Decline
Meanwhile, Dogecoin (DOGE) and Shiba Inu (SHIB), the largest meme cryptocurrencies, have underperformed today. Both coins are among the worst performers, along with GALA, CORE, and XRP.
Shiba Inu (SHIB) has lost 6.4%, while Dogecoin (DOGE) has dropped 5.4%. SHIB has been replaced by synthetic Ether WSTETH as the 14th largest cryptocurrency.
The TON-based meme cryptocurrency Dogs (DOGS) has experienced an 8.1% decrease in market capitalization, falling below $400 million. BabyDogeCoin (BABYDOGE) has also declined by 5.1%.