Why $PEPE, $WIF, $FLOKI, $POPCAT, and $SUNDOG are Gaining Popularity

• PEPE is up a massive 1322.12% since October 2023 and is a favorite of many investors.
• WIF, FLOKI, and SUNDOG have also surged significantly in the past 30 days.
• POPCAT remains the largest cat-themed meme coin, attracting investors.

Leading meme coins like Pepe (PEPE), dogwifhat (WIF), Floki (FLOKI), Popcat (POPCAT), and Sundog (SUNDOG) are showing strong potential as Bitcoin (BTC) climbs above $64,000, just 13% off from its all-time high of $73,750.

PEPE, WIF, FLOKI, and POPCAT rank among the top 10 meme coins by market capitalization. The meme coin sector has a total valuation of $55.22 billion, with $9.22 billion in trading volume.

It is important to note that PEPE, an Ethereum-based meme coin, surged a substantial 1322.12% since October 2023 and in the past 30 days alone, the cryptocurrency has shot up by 50% while surging 40% in the past week. Being one of the most profitable altcoins this cycle, the investors’ interest in PEPE has risen.

On the other hand, WIF and POPCAT, both Solana-based meme coins, have risen 42.39% and 12.49%, respectively, in the past week. POPCAT is the largest cat-themed meme coin, with a market cap of $1.02 billion. WIF gained popularity due to its virality and support from prominent figures.

FLOKI and SUNDOG Also Show Bullish Signs

FLOKI has also performed well, rising almost 20% in the past week and 28.32% in the last 30 days. With a market cap of $1.5 billion, FLOKI aims to compete with leading meme tokens Dogecoin (DOGE) and Shiba Inu (SHIB).

Read also: Meme Coins Outpace Bitcoin in 2024, Binance Listings Fuel Growth

On the other hand, the growing popularity of meme coins on the Tron blockchain is a major reason why the popularity of SUNDOG is on the rise. SUNDOG is up 42.54% in the past month and there is potential for further upside if the demand continues to rise for the cryptocurrency.