As a seasoned crypto investor with a knack for recognizing trends and spotting potential gems, I find myself intrigued by the recent surge of Giko Cat (GIKO), InSure DeFi (SURE), and Sudeng (HIPPO). These coins have managed to defy the market’s current volatility, with GIKO leading the pack with a whopping 52% increase in just 24 hours.
In the past 24 hours, Giko Cat, Sudeng, and inSure DeFi experienced significant growth, each showing a rise of over ten percent.
As a researcher, I’ve been analyzing the latest market trends, and it appears that while heavyweights like Ethereum (ETH) and Solana (SOL) are experiencing a modest recovery, with growth between 1% to 3%, some meme coins have managed impressive double-digit gains.
In just the past day, the feline-focused meme token, Giko Cat (GIKO), has experienced a surge of 52%. Currently, it ranks as the greatest gainer on CoinGecko’s list of top performers for this timeframe.
The coin has a market cap of $63 million. GIKO’s surge can be attributed to the popularity of cat-inspired meme coins, which is led by Popcat (POPCAT).
In just the past seven days, GIKO has experienced an impressive increase of more than 280%, while over the last thirty days, its growth has been staggering at nearly 2,100%. These remarkable gains have occurred despite the turbulent market circumstances.
InSure DeFi pumps 40%
InSure DeFi (SURE) currently ranks second among top gainers, experiencing a significant increase of approximately 40%. Currently trading at $0.003166, the coin has rebounded from its seven-day minimum price of $0.00203.
Even though its 24-hour pump is commendable, the meme coin is down by over 35% in the last 30 days.
While GIKO operates as a meme coin, InSure DeFi functions within a broader context, encompassing both cryptocurrency and Risk-Weighted Asset (RWA) portfolio insurance.
It’s unclear why InSure has seen a spike recently, since no significant developments have been announced within the past day.
Sudeng bags the third position
Sudeng (HIPPO) is another spin-off token inspired by the Moo Deng hippopotamus. According to CoinGecko, HIPPO is the third-largest gainer in the last 24 hours.
Despite a somewhat bearish market trend, this meme token has remarkably spiked by more than 36%. The cryptocurrency known as HIPPO is garnering significant interest among investors due to its widespread endorsement by analysts across platform X.
Given the current market capitalization of the meme coin at approximately $169 million, some analysts are predicting it could potentially reach $200 million.
Recently, I had a thought about HIPPO reaching the 100 million mark.Now, my imagination is drifting towards it surpassing the 200 million milestone, given that it’s currently at 160 million. 😊— OverDose (@Overdose_AI) October 6, 2024
However, the meme coins can quickly reverse course and wipe off all the gains in just a day.
Moo Deng (MOODENG), for instance, demonstrates this trend, as its value dropped by more than 40% within the past week following a significant rise.
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2024-10-06 19:30