{"id":8082,"date":"2024-09-19T12:54:02","date_gmt":"2024-09-19T12:54:02","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=8082"},"modified":"2024-09-19T12:54:02","modified_gmt":"2024-09-19T12:54:02","slug":"meme-coin-revival-following-the-feds-rate-cut-here-are-the-top-performers","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=8082","title":{"rendered":"Meme Coin Revival Following the Fed\u2019s Rate Cut: Here Are the Top Performers"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

The meme coin market cap surged to nearly $45 billion, with certain cat-themed tokens standing among the best performers.
\nNeiro (NEIRO) saw explosive growth, up 1,400% monthly, and has a market cap of $350 million. This growth was driven by major exchange listings and surpassing trading volumes of other leading memes.<\/p>\n

<\/a>
\n
\nCat Memes Lead the Pack<\/span><\/h2>\n

The meme coin sector has <\/span>witnessed a substantial resurgence<\/span> in the past 24 hours, with its market capitalization rising to almost $45 billion. The revival aligns with the overall bullish condition of the cryptocurrency industry following the US Fed\u2019s decision<\/a> to cut interest rates for the first time in nearly four years.<\/span><\/p>\n

The leading meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB), are up 4% and 7%, respectively. <\/span>Pepe (PEPE), Floki Inu (FLOKI), and <\/span>dogwifhat<\/span> (WIF), which round <\/span>up the top 5<\/span> list, are also well in the green.<\/span><\/p>\n

However, the main stage belongs to certain cat-themed meme coins. Popcat (POPCAT) saw its price soaring by 30% daily, whereas Mog Coin (MOG) spiked by 15%.<\/span><\/p>\n

Cat in a Dogs World (MEW) should also be <\/span>placed<\/span> among the notable gainers. Its valuation jumped by 22% <\/span>on a 24-hour scale<\/span> after the leading South Korean crypto exchange Upbit <\/span>allowed<\/span><\/a> trading services with the token.
\n<\/span><\/p>\n

<\/a>MEW Price, Source: CoinGecko<\/p>\n

NEIRO Keeps Impressing<\/span><\/h2>\n

Another meme coin that we will <\/span>touch upon is the recently-launched<\/span> Neiro (NEIRO). Its price is up a whopping 1,400% monthly and 1,900% weekly, currently trading at around $0.0008418 (per <\/span>CoinGecko\u2019s<\/span> data).<\/span><\/p>\n

<\/a>NEIRO Price, Source: CoinGecko<\/p>\n

Its exponential growth started <\/span>shortly<\/span> after Binance <\/span>introduced<\/span><\/a> the NEIRO\/USDT trading pair on its platform earlier this month. Shortly after, the Indonesian-based LBank Exchange also <\/span>allowed<\/span><\/a> users to deal with the coin.\u00a0<\/span><\/p>\n

As of now, NEIRO\u2019s market capitalization stands at $350 million, making it the 13th-largest in its realm. The X user TraderSZ\u00a0<\/span>predicted<\/span><\/a> that the figure could rise to $500 million soon, while GGsOnly was even more optimistic, <\/span>envisioning<\/span><\/a> an increase toward the $1 billion milestone.<\/span><\/p>\n

Meanwhile, NEIRO\u2019s trading volume in the past 24 hours reached almost $700 million, thus surpassing SHIB ($393 million), WIF ($638 million), and FLOKI ($350 million). This development typically indicates increased market activity, where a large number of people buy and sell the asset. It could also be associated with better liquidity and potential volatility in the short term.<\/span><\/p>\n

The post Meme Coin Revival Following the Fed\u2019s Rate Cut: Here Are the Top Performers<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR The meme coin market cap surged to nearly $45 billion, with certain cat-themed tokens standing among the best performers. Neiro (NEIRO) saw explosive growth, up 1,400% monthly, and has a market cap of $350 million. This growth was driven by major exchange listings and surpassing trading volumes of other leading memes. Cat Memes Lead […]<\/p>\n","protected":false},"author":0,"featured_media":8083,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-8082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/8082"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8082"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/8082\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/8083"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}