The life of cryptocurrency tokens and their investors is always full of ups and downs. These fluctuations are the reason why some people make profits while others suffer losses. Today, let’s explore the top 3 cryptocurrencies in the ecosystem that have gained significant momentum in the last 24 hours and which category they belong to.
Memes
Meme coins have attracted more investors to the cryptocurrency ecosystem than Bitcoin itself. If you find some people who know about meme coins but don’t know about Bitcoin and Ethereum, don’t be shocked. In the last 24 hours, the meme cryptocurrency category has seen a 7,645% surge. The newly launched meme coin on the BNB Smart Chain, known as Baby Binance, is the best performer. Hold your heart as this coin has surged by 117.92 million percent in the last 24 hours. The token is currently trading at $0.060123 and has a market cap of $3.31 billion. The market cap of the meme cryptocurrency category is $49.35 billion at the time of writing. In the last 24 hours, this category has seen a trading volume of 62,162 BTC.
Cats topic
If you are a cat lover, you will love this crypto token category. There are thousands of cat-themed meme coins. These tokens combine to form a market cap of $2.5 billion. In the crypto ecosystem, they have a market dominance of 0.11%. In the last 24 hours, this category has increased in price by 20.23% with the Cat Finance token recording the highest increase of 1881.73%. CAT is trading at $0.0001421 which is 61 points lower than its all-time high. In the last 24 hours, this cat token has seen a massive trading volume. It has increased by 5.2 million%.
Social Money
HollyGold, the best performer in this category, has increased by 139.82% in the last 24 hours. The market cap of this category is $65 million, which is down by 0.07%. The dominance of this category is close to zero. The Social Money category has seen an increase of 18.21%. In the last 24 hours, this category has seen a trading volume of only 80 BTC.
video
This category has increased in value by 11.79% in the last 24 hours and is ranked 4th on our list. With a market dominance of just 0.02%, the video token market cap is $4.8 billion. HollyGold is the best performer in this category.
marketing
This is the third category dominated by Holly Gold cryptocurrency. With a total market cap of $517 million, this category has increased by 11.60% in the last 24 hours. A total trading volume of 471 BTC was recorded through the marketing of the cryptocurrency tokens.
Conclusion
In the ever-changing cryptocurrency ecosystem, new denominations and tokens are being born every day. Some of them are seeing huge price increases, but they lack the fundamentals and benefits. It is the sole duty of investors not to be swayed by the flashy display of these tokens and to do their due diligence before making any financial decisions.