Cat Coins Popcat, MEW Eat Dogecoin's, Shiba Inu's Lunch With Gains Of Over 30%: What Is Going On?
Portfolio Pulse from Khyathi Dalal
Cat-themed meme coins Popcat and Mew have surged over 30%, outperforming dog-themed rivals Dogecoin and Shiba Inu. Traders are bullish on the cat-themed sector, seeing it as undervalued.
September 19, 2024 | 6:08 pm
News sentiment analysis
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NEUTRAL IMPACT
Dogecoin has seen a modest increase of 7% amidst a broader meme coin rally, but it is being outperformed by cat-themed coins like Popcat and Mew.
Dogecoin's 7% increase is overshadowed by the larger gains of cat-themed coins, suggesting a shift in investor interest within the meme coin sector.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Shiba Inu has gained 10% but is still lagging behind the significant gains of cat-themed meme coins, indicating a potential shift in market dynamics.
Despite a 10% gain, Shiba Inu is not keeping pace with the cat-themed coins, which may indicate a change in investor sentiment.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50