These are the best performers

TL;DR

The meme coin market cap rose to $45 billion, with certain cat-themed tokens among the top performers. Neiro (NEIRO) experienced explosive growth, 1,400% monthly, and has a market cap of $350 million. This growth was driven by major stock listings and outpacing trading volumes of other major memes.

Cat memes lead the pack

The meme coin sector has witnessed a substantial resurgence in the past 24 hours, with a market capitalization that has risen to nearly $45 billion. The revival aligns with the overall bullish mood of the cryptocurrency industry following the US Fed’s decision to cut interest rates for the first time in nearly four years.

The main meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB), are up 4% and 7%, respectively. Pepe (PEPE), Floki Inu (FLOKI) and dogwifhat (WIF), who round out the top 5 list, are also well in the green.

However, the main stage belongs to certain cat-themed meme coins. Popcat (POPCAT) saw its price increase by 30% daily, while Mog Coin (MOG) increased by 15%.

Cat in a Dogs World (MEW) must also be among the notable winners. Its valuation rose 22% on a 24-hour scale after South Korea’s leading crypto exchange Upbit allowed trading services with the token.

MEW price, Source: CoinGecko NEIRO continues to impress

Another meme coin we will touch on is the recently launched Neiro (NEIRO). Its price is up 1400% monthly and 1900% weekly, currently trading around $0.0008418 (according to CoinGecko data).

Price NEIRO, Source: CoinGecko

Its exponential growth began shortly after Binance introduced the NEIRO/USDT trading pair to its platform earlier this month. Soon after, Indonesia-based LBank Exchange also allowed users to deal with the currency.

As of now, NEIRO’s market capitalization stands at $350 million, making it the 13th largest in its realm. User X TraderSZ predicted that the number could rise to $500 million soon, while GGsOnly was even more optimistic, predicting a surge towards the $1 billion milestone.

Meanwhile, NEIRO’s trading volume in the last 24 hours reached almost $700 million, thus surpassing SHIB ($393 million), WIF ($638 million) and FLOKI ($350 million). This development usually indicates an increase in market activity, where a large number of people buy and sell the asset. It could also be associated with better liquidity and potential short-term volatility.

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