Popcat and Canines are the 2 top-gaining tokens within the 100 largest cryptocurrencies by market cap as Bitcoin worth climbs again above $56,000.
The meme cash Popcat (POPCAT) and Canines (DOGS) traded at $0.62 and $0.0011, with 19% and 16% in 24-hour features respectively on the time of writing. Upside momentum in the meantime had pushed Bitcoin (BTC) worth above $56,500 as bulls fought to recuperate from the dip that noticed the main digital asset commerce close to $53,300 on Sept. 7.
Futures itemizing helps POPCAT, DOGS larger
Most meme cash have struggled for upward momentum in current weeks, primarily because the broader market skilled downward stress all through August.
Nonetheless, like many different small cap tokens, Solana(SOL)-based Popcat and Telegram-related Canines have benefited from a rush of optimistic sentiment following essential futures buying and selling help throughout main exchanges..
Binance just lately added POPCAT perpetual contracts, permitting merchants to wager on the meme coin’s worth. This transfer precipitated Popcat’s price to spike significantly. OKX additionally added POPCAT futures and outlined a buying and selling contest that gives as much as $100 in rewards.
DOGS, which slipped amid the current arrest of Telegram CEO Pavel Durov, has recovered a number of the losses since falling to $0.0009 on Sept. 8. Beforehand, the Telegram-native meme coin had rallied because of Binance’s providing of 40 million DOGS in a contest that ends on Sept. 17.
Binance, OKX, and Bybit are a number of the prime exchanges supporting the DOGS airdrop and token itemizing.
Bitcoin recovers above $56k
Bitcoin’s restoration to above $56,500 comes amid a bounce within the Coinbase Premium Index, a metric indicating elevated whale and institutional accumulation of BTC.
A rebound in U.S. demand might assist bulls reposition for a stronger finish to the fourth quarter. Analysts at CryptoQuant see the continued accumulation by long-term holders as key to a possible worth bounce.
Bernstein analysts issued a observe on Sept. 9 predicting a surge to $80k-$90k for BTC if Donald Trump wins the U.S. presidential election.
Nonetheless, they advised {that a} win for Kamala Harris may set off draw back motion, doubtlessly pushing BTC to lows of $30,000. The distinction is rooted within the crypto business’s notion of Trump as extra crypto-friendly in comparison with Harris.
