Interest is growing in the market for meme coins with a cat theme. Investors are becoming attracted to meme coins in the crypto market because of their recent strong performance. Solana's meme coins, in particular, have made waves in the market, but recently, another trend has emerged in the market. Cat-themed meme coins are garnering significant enthusiasm. Several cat-themed meme coins are trending, with some recording triple-digit growth during the past week. Despite seeing a correction across the entire crypto market, meme coins are reaching new highs. Despite a decrease of approximately 1.5% in the total crypto market cap, the meme coin market cap has increased by approximately 4% today. However, the most significant increase has been observed in cat-themed meme coins.
Price increases in several coins
It should be noted that CAT token, one of the oldest cat-themed meme coins, has reached a new all-time high today after recording a growth of more than 430% in a day and over 1,000% since last week. The token's growth is believed to be due to promotion on social media. Another cat-themed token, Chonk The Cat (CHONK), launched with a presale last week and has since increased by approximately 200%. Recently, the MEW token was launched, and several FOMO trading activities were observed across the entire market. Following the launch of MEW, there was a surge in its price, resulting in significant profits for traders.
Additionally, several cat-themed meme tokens have been launched recently, indicating the frenzy among investors for cat-themed meme coins. One reason for the price increase is that due to being meme tokens, few investors take risks on them, but whenever there is a surge in these meme coins, they show not just 100-200% but 1000-2000% growth, making investors rich in a short period. Therefore, cat-themed meme coins are considered good for investment. While these tokens carry significant risks, the profits from these tokens are also substantial. This is why investors are seen to be excited about them.
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