dogwifhat

Bitcoin

POPCAT

Gains

dogwifhat (WIF) and Popcat (POPCAT) are defying the market posting gains in the last 24 hours. Crypto assets are plunging across several quarters continuing a downward trajectory this week. As a result, the price of Bitcoin is down to the $56,000 mark while other altcoins have also crashed to lows not recorded in months.&nbsp;
This bearish outlook has impacted meme coins wiping out previously recorded gains. At press time, the crypto market cap fell to $2.03 trillion, a 3% drop in the last 24 hours. Similarly, the <a href="https://coingape.com/meme-coin/" target="_blank" rel="noopener noreferrer nofollow">meme coin</a> market cap declined 10% to $42.7 billion. Despite this poor run, dogwifhat and Popcat have posted gains today with commentators divided on the future trajectory.
<h2 id="strong-dogwifhat-soars-amid-market-decline-strong">dogwifhat Soars Amid Market Decline</h2>
dogwifhat has seen inflows as users rally around the asset taking it to the green zone. WIF trades at $1.93, a 5% increase today above other crypto assets. This round of inflows wiped out weekly losses with the asset notching a slight 0.5% increase. However, monthly positions remain low following a 43% decline.&nbsp;
<img decoding="async" class="aligncenter size-full wp-image-206189" src="https://coingape.com/wp-content/uploads/2024/07/chart-72.jpeg" alt="" width="1644" height="1200" srcset="https://coingape.com/wp-content/uploads/2024/07/chart-72.jpeg 1644w, https://coingape.com/wp-content/uploads/2024/07/chart-72-300x219.jpeg 300w, https://coingape.com/wp-content/uploads/2024/07/chart-72-1224x893.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/07/chart-72-768x561.jpeg 768w, https://coingape.com/wp-content/uploads/2024/07/chart-72-1536x1121.jpeg 1536w, https://coingape.com/wp-content/uploads/2024/07/chart-72-150x109.jpeg 150w" sizes="(max-width: 1644px) 100vw, 1644px">
This almost 50% drop in asset prices flipped sentiment in meme coins with many posting more losses. With a market cap of $1.93 trillion, the asset saw its daily trading volume digit $1.1 billion. Crypto users tip a bullish run for WIF but this remains in the back of institutional inflows. This week, crypto investment products saw outflows spurring low investment across a range of funds.&nbsp;
<h2 id="strong-popcat-extends-gains-strong">POPCAT Extends Gains</h2>
Popcat follows the line of dogwifhat as users rally around the asset. The meme coin 9.8% in the last 24 hours to trade at $0.5. Unlike dogwifhat, <a rel="noopener noreferrer nofollow" href="https://www.coingecko.com/en/coins/popcat" target="_blank">Popcat</a> was unable to flip weekly numbers due to previous outflows. The asset’s 11% decline encapsulates the prevailing sentiment in the market. Major reasons for the lowered momentum of crypto include poor signals from the Feds on potential interest rate cuts. Outflows from spot <a href="https://coingape.com/bitcoin-etfs-dominate-us-market-in-q1-2024/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin ETFs</a> contributed to the decline of crypto assets.
Also Read: <a href="https://coingape.com/trending/market-analysts-send-downward-signals-to-crypto-assets/" target="_blank" rel="noopener noreferrer nofollow">Market Analysts Send Downward Signals to Crypto Assets</a>
The post <a href="https://coingape.com/trending/dogwifhat-vs-popcat-perspectives-of-two-bullish-assets-amid-crypto-crash/" rel="noopener noreferrer nofollow">dogwifhat vs Popcat: Perspectives of Two Bullish Assets Amid Crypto Crash</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

dogwifhat vs Popcat: Perspectives of Two Bullish Assets Amid Crypto Crash

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