Satoshi Nakamoto

Peter Todd

Goatseus Maximus

Shiba Inu

Coin

The meme coin market went ballistic as hype around a <a href="https://insidebitcoins.com/news/top-meme-coins-to-buy-today-october-20-gorilla-hump-neko" rel="noopener noreferrer nofollow">meme coin</a> supercycle intensifies.
The lighthearted sector of the crypto industry saw its <a href="https://www.coingecko.com/en/categories/meme-token" rel="noopener noreferrer nofollow">market capitalization</a> surge over 21% in the past 24 hours.&nbsp;
Smaller-cap tokens led the charge with Act I The AI Prophecy (ACT) the best performer after its price soared more than 248%. Fartcoin (FARTCOIN) and Goatseus Maximus (GOAT) came in second and third place, respectively, after registering 24-hour gains of 73% and 35%.
<img decoding="async" src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/7d1e3e1dfbc144328ea2c158c9f49ff4.jpeg" alt="Popcat Price Prediction: POPCAT Is Top Weekly Meme Coin Gainer With 68% Surge As The WienerAI ICO Closes On $6.5 Million: Guest Post by Inside Bitcoins | CoinMarketCap">
<h2 id="span-style-font-weight-400-popcat-posts-best-performance-while-meme-coin-leaders-lag-ahead-of-meme-coin-supercycle-span">Popcat Posts Best Performance While Meme Coin Leaders Lag Ahead Of Meme Coin Supercycle</h2>
Solana token Popcat (<a href="https://www.coingecko.com/en/coins/popcat" rel="noopener noreferrer nofollow">POPCAT</a>) outperformed the rest of the top 10 largest meme coins by market cap. CoinGecko data shows that the crypto’s price pumped 18% to trade at $1.63 as of 2:45 a.m. EST.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/hashtag/CMCNews?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CMCNews</a>: Popcat (POPCAT) continued its surge, up 11% in the last 24 hours, to outpace the leading memecoin, Dogecoin (DOGE).<a href="https://t.co/8XufdEmX0C" rel="noopener noreferrer nofollow">https://t.co/8XufdEmX0C</a>
 — CoinMarketCap (@CoinMarketCap) <a href="https://twitter.com/CoinMarketCap/status/1848952512348348578?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 23, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
POPCAT’s strong performance comes as almost all of the top 10 largest meme coins by market cap suffered 24-hour losses, with leaders Dogecoin (DOGE) and Shiba Inu (SHIB) both printing minor 24-hour losses below 1%
Only Dogwifhat (WIF), Pepe (PEPE) and Bonk (BONK) registered gains. After POPCAT’s 18% surge, the next best performer was WIF with a 4% rise.
<h2 id="is-a-meme-coin-supercycle-underway">Is A Meme Coin Supercycle Underway?</h2>
The market’s pump in the past 24 hours comes amid much debate over whether a meme coin supercycle is underway. Discussion over this possibility intensified after investor and influencer Murad Mahmudov spoke on the topic at Token2049 in Singapore.
<iframe title="Murad Mahmudov - The Memecoin Supercycle - TOKEN2049 Singapore 2024" width="640" height="360" src="https://www.youtube.com/embed/6nqzwdGxTGc?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
He argues that a meme coin supercycle, powered by social media hype and viral trends, is now underway and that it will bring a prolonged period of explosive growth.
Meme coins certainly are outperforming the broader crypto market right now.&nbsp;While meme coins surged in the past day, the rest of the crypto market underwent a slight correction.
 Over the past 24 hours, the overall valuation of the digital asset space dropped more than 1%. Despite the pullback, the market cap remains above $2.41 trillion.
While Bitcoin (BTC) registered a marginal gain, altcoin leader Ethereum (ETH) slid over 2%. Almost all of the cryptos in the&nbsp; top 10 list followed ETH’s lead, and suffered losses as well. Only Solana (SOL) and Binance Coin (BNB) recorded 24-hour gains, with the prior’s price pumping more than 4%.
<h2 id="best-way-to-play-the-meme-coin-supercycle">Best Way To Play The Meme Coin Supercycle</h2>
As investors position themselves to capitalize on a possible meme coin supercycle, some are turning to presales to find the next crypto to explode.
One of the hot favorities right now is <a href="https://insidebitcoins.com/visit/pepeunchained" rel="noopener noreferrer nofollow">Pepe Unchained (PEPU)</a>, which has just zoomed past $22 million in funds raised in one of the most successful ICOs of the year.
Another ICO that’s attracting a lot of attention is <a href="https://insidebitcoins.com/visit/cryptoallstars" rel="noopener noreferrer nofollow">Crypto All-Stars (STARS)</a>, an innovative new project that is the first to enable investors to stake multiple top meme coins on one platform. It’s already raised more than $2.6 million.
<h3 id="span-style-font-weight-400-related-articles-span">Related Articles:</h3>
<ul>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/crypto-all-stars-hurtles-past-2-6m-in-presale-as-meme-coin-supercycle-staking-protocol-gets-underway" rel="noopener noreferrer nofollow">Crypto All-Stars Hurtles Past $2.6M In Presale As Meme Coin Supercycle Staking Protocol Gets Underway</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/peter-todd-says-hbo-documentary-forced-him-into-hiding-after-claiming-he-is-bitcoin-creator-satoshi-nakamoto" rel="noopener noreferrer nofollow">Peter Todd Says HBO Documentary Forced Him Into Hiding After Claiming He Is Bitcoin Creator Satoshi Nakamoto</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/binance-coin-price-prediction-for-today-october-23-bnb-technical-analysis" rel="noopener noreferrer nofollow">Binance Coin Price Prediction for Today, October 23 – BNB Technical Analysis</a></li>
</ul>

Meme Coin Market Goes Ballistic With 21% Pump As Meme Coin Supercycle Debate Intensifies

Table of Contents

Inside Bitcoins

Other articles published on Oct 24, 2024

Bitcoin Price Holds Steady at $67000 and GOAT Surges 50%

GameFi Surges Toward $301 Billion by 2030, Fueled by Real-World Rewards

Solana Memecoin SHAR Plummets 95% Post Launch: Classic Rugpull?

Why Is BOOK OF MEME (BOME) Price Going Up Today?

Bitcoin Approaches Golden Cross, Potential for $100,000 Price Surge

Base Announces Permissionless Fault Proofs Launch on Oct. 30

Join our free newsletter for daily crypto updates!