Shiba Inu

Mog Coin

Coin

TL;DR
<ul>
 <li>The meme coin market cap surged to nearly $45 billion, with certain cat-themed tokens standing among the best performers.</li>
 <li>Neiro (NEIRO) saw explosive growth, up 1,400% monthly, and has a market cap of $350 million. This growth was driven by major exchange listings and surpassing trading volumes of other leading memes.</li>
</ul>
<h2 id="a-href-https-cryptopotato-com-wp-content-uploads-2024-09-memes_cb-3-jpg-data-wpel-link-internal-rel-noopener-noreferrer-nofollow-a-br-span-data-preserver-spaces-true-br-cat-memes-lead-the-pack-span"><a href="https://cryptopotato.com/wp-content/uploads/2024/09/Memes_CB-3.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a> Cat Memes Lead the Pack</h2>
The meme coin sector has witnessed a substantial resurgence in the past 24 hours, with its market capitalization rising to almost $45 billion. The revival aligns with the overall bullish condition of the cryptocurrency industry following the US Fed’s <a href="https://cryptopotato.com/federal-reserve-announces-0-5-interest-rate-cut-bitcoin-soars-above-60k/" data-wpel-link="internal" rel="noopener noreferrer nofollow">decision</a> to cut interest rates for the first time in nearly four years.
The leading meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB), are up 4% and 7%, respectively. Pepe (PEPE), Floki Inu (FLOKI), and dogwifhat (WIF), which round up 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 soaring by 30% daily, whereas Mog Coin (MOG) spiked by 15%.
Cat in a Dogs World (MEW) should also be placed among the notable gainers. Its valuation jumped by 22% on a 24-hour scale after the leading South Korean crypto exchange Upbit <a class="editor-rtfLink" href="https://upbit.com/service_center/notice?id=4502" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">allowed</a> trading services with the token. 
<figure id="attachment_361145" aria-describedby="caption-attachment-361145" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/09/MEW-Price.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="wp-image-361145" src="https://cryptopotato.com/wp-content/uploads/2024/09/MEW-Price.png" alt="MEW Price" width="568" height="400" srcset="https://cryptopotato.com/wp-content/uploads/2024/09/MEW-Price.png 1041w, https://cryptopotato.com/wp-content/uploads/2024/09/MEW-Price-300x211.png 300w, https://cryptopotato.com/wp-content/uploads/2024/09/MEW-Price-1024x721.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/09/MEW-Price-768x541.png 768w, https://cryptopotato.com/wp-content/uploads/2024/09/MEW-Price-50x35.png 50w" sizes="(max-width: 568px) 100vw, 568px"></a>
 <figcaption id="caption-attachment-361145" class="wp-caption-text">
 MEW Price, Source: CoinGecko
 </figcaption>
</figure>
<h2 id="span-data-preserver-spaces-true-neiro-keeps-impressing-span">NEIRO Keeps Impressing</h2>
Another meme coin that we will touch upon is the recently-launched Neiro (NEIRO). Its price is up a whopping 1,400% monthly and 1,900% weekly, currently trading at around $0.0008418 (per CoinGecko’s data).
<figure id="attachment_361146" aria-describedby="caption-attachment-361146" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/09/NEIRO-Price-4.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="wp-image-361146" src="https://cryptopotato.com/wp-content/uploads/2024/09/NEIRO-Price-4.png" alt="NEIRO Price" width="566" height="400" srcset="https://cryptopotato.com/wp-content/uploads/2024/09/NEIRO-Price-4.png 1042w, https://cryptopotato.com/wp-content/uploads/2024/09/NEIRO-Price-4-300x212.png 300w, https://cryptopotato.com/wp-content/uploads/2024/09/NEIRO-Price-4-1024x723.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/09/NEIRO-Price-4-768x542.png 768w, https://cryptopotato.com/wp-content/uploads/2024/09/NEIRO-Price-4-50x35.png 50w" sizes="(max-width: 566px) 100vw, 566px"></a>
 <figcaption id="caption-attachment-361146" class="wp-caption-text">
 NEIRO Price, Source: CoinGecko
 </figcaption>
</figure>
Its exponential growth started shortly after Binance <a class="editor-rtfLink" href="https://cryptopotato.com/these-meme-coins-explode-following-listing-on-binance-details/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">introduced</a> the NEIRO/USDT trading pair on its platform earlier this month. Shortly after, the Indonesian-based LBank Exchange also <a class="editor-rtfLink" href="https://x.com/LBank_Exchange/status/1836316202232352941" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">allowed</a> users to deal with the coin.&nbsp;
As of now, NEIRO’s market capitalization stands at $350 million, making it the 13th-largest in its realm. The X user TraderSZ&nbsp;<a class="editor-rtfLink" href="https://x.com/trader1sz/status/1836318333035032955" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">predicted</a> that the figure could rise to $500 million soon, while GGsOnly was even more optimistic, <a class="editor-rtfLink" href="https://x.com/GG1nvestments/status/1836503569585013116" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">envisioning</a> an increase toward the $1 billion milestone.
Meanwhile, NEIRO’s trading volume in the past 24 hours reached almost $700 million, thus surpassing SHIB ($393 million), WIF ($638 million), and FLOKI ($350 million). This development typically indicates increased market activity, where a large number of people buy and sell the asset. It could also be associated with better liquidity and potential volatility in the short term.
The post <a href="https://cryptopotato.com/meme-coin-revival-following-the-feds-rate-cut-here-are-the-top-performers/" rel="noopener noreferrer nofollow">Meme Coin Revival Following the Fed’s Rate Cut: Here Are the Top Performers</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Meme Coin Revival Following the Fed’s Rate Cut: Here Are the Top Performers

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