Cryptocurrencies

    Memecoins vie for crypto supremacy

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    Dog, cat, and frog-themed memecoins have sparked a unique battle within the cryptocurrency markets, exhibiting significant fluctuations in their values.

    This peculiar rivalry has seen these thematic cryptos experiencing exponential growth, with their values increasing by three to four times over the past month, paralleling the cryptocurrency market's momentum towards reaching new heights.

    Specifically, the trading volume for dog-themed coins has soared, with more than $24.2 billion recorded in just 24 hours.

    Leading the pack are popular tokens like Dogecoin (DOGE) and Shiba Inu (SHIB), which continue to captivate traders' attention and wallets.

    On the other hand, cat-themed tokens, although trailing, have shown promising activity with Solana-based Popcat (POPCAT) achieving $63.4 million in volume within the same timeframe, according to CoinGecko data.

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