Dogecoin Shot Up Over 300% In 2024 But Cat-Themed Popcat is The Real Top Dog With 23800% Returns This Year

   Meme coins have been on the charge this year, as a marked improvement in overall market sentiment has propelled tokens to skyrocketing returns in 2024. What happened: Cat-themed cryptocurrency, Popcat has been the star performer, exploding as much as 23,895% year-to-date. The Solana SOL/USD-based coin had a market capitalization of nearly $1.9 billion as of this writing, ranking eighth among meme tokens. In the last 24 hours, POPCAT blasted to a record high of $1.99, with a 66.66% jump in trading volumes. Some of the other big gainers have been dogwifhat, which was up over 2500% year-to-date, and frog-themed Pepe, which returned 1246% to its holders since the year began. Cryptocurrency YTD Gains +/- Price (Recorded at 11:00 p.m. EDT) Popcat (POPCAT) dogwifhat WIF/USD Pepe PEPE/USD Dogecoin DOGE/USD Both PEPE and WIF rallied sharply in the last 24 hours after premium cryptocurrency exchange Coinbase announced listing the two tokens for trading. While Pepe jumped 80%, WIF popped 41% in the said time period. See Also: Shiba Inu Lead Developer Shytoshi Kusama Pitches S.H.I.B In Response To Elon Musk’s Call For New Roles Recommendations In Trump Administration In comparison, Dogecoin, the largest meme coin by market value, experienced a modest 333% increase this year. However, the "original meme coin" stands to benefit from the establishment of D.O.G.E., an acronym for Department of Government Efficiency, headed by Elon Musk in the incoming Donald Trump administration. Overall, the meme coin sector expanded by monumental proportions in 2024, adding nearly $95 billion to the cumulative market capitalization. Read Next: Cathie Wood-Led Ark Sees Boost For Bitcoin, Crypto Under Trump Administration, Says IPO Window For Circle, Kraken Could Reopen Market News and Data brought to you by Benzinga APIs © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.