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Meme coins, particularly cat-themed ones like Mog Coin (MOG) and Popcat (POPCAT), have experienced a resurgence in the cryptocurrency market, outperforming traditional benchmarks.
Resurgence of Cat-Themed Meme Coins
Mog Coin, built on the Ethereum (ETH) and Base (BASE) blockchains, has seen a significant 15.6% price surge, securing its position as the 100th largest digital asset by market capitalization with a market cap exceeding $755 million.
This growth has brought attention to other cat-themed meme coins, with the segment as a whole surging twice as fast as the overall crypto market.
Impact on the Crypto Market
The impact of meme coins on the crypto market recovery has been notable, with meme coins leading the charge and outpacing traditional benchmarks.
The growing influence of meme coins in the crypto market, particularly cat-themed meme coins and Solana-based meme cryptos, has prompted discussions about their long-term viability and impact on the broader crypto ecosystem.
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