Bitcoin is pumping again, climbing 2.8% in the last 24 hours to $105,313. The overall crypto market is also nearing its all-time high, with a total market cap of $3.71 trillion—just shy of its peak of $3.79 trillion.
Meme trends are taking center stage, with Boy Club memes up 12%, frog-themed memes up 12%, Solana memes up 6.7%, and dog-themed tokens up 4.3%.
Cat-themed meme coins are also gaining momentum, with their market cap up 7.8% in the past 24 hours. Mochi coin is leading the way, rising over 300% this week.
Meme Coins Bounce Back After Recent Dip: Is Meme Season Returning?
Meme cryptocurrencies have struggled over the past week, dropping 11.8%. However, the market is showing signs of recovery, rising 6% in the last 24 hours to a total valuation of $102.5 billion, with a trading volume of $12.37 billion.
According to a DWF Labs report, the meme coin market has outperformed all other crypto asset classes, surging from $20 billion in January to $120 billion by December—a massive 500% increase.
CryptoQuant CEO Ki Young Ju recently shared on X that while the meme coin hype may fade, the market itself will not disappear.
Instead, he predicts a gradual maturation, comparing meme coins to the art market, with a more sustainable evolution expected by 2030.
MOCHI Catcoin Surges 50% in 24 Hours—Could It Reach New Heights?
MOCHI, a cat-themed meme coin built on Base, has surged over 50% in the past 24 hours, pushing its market cap to $38 million. The token has now crossed the $0.00004 mark for the first time since April 2024, reflecting growing investor interest.
https://www.coingecko.com/en/coins/mochi-thecatcoin
Mochi’s 24-hour trading volume stands at $3.66 million, up 4.7% from the previous day. The token’s all-time high of $0.00008118 was recorded on March 26, 2024, meaning its current price is still 41.39% lower.
Forecasts predict a rise to around $0.00008 by February, indicating a possible ROI of over 1236%. Support is currently identified at $0.00004, while resistance levels may emerge around $0.00003 to $0.0030.
The Relative Strength Index (RSI) remains neutral, suggesting no immediate overbought or oversold conditions and recent trading volumes indicate increased investor interest. Overall, while the technical analysis leans toward a bullish outlook, caution is advised as whales might decide to start selling after more ups.
However, a reversal could see it drop to $0.000018, and if key support levels break, it could further decline to $0.0000097.
As cat-themed meme coins gain traction, another emerging contender is CatSlap — a new presale making waves in the market.
CatSlap ($SLAP) Set for Explosive Growth with $1M Token Burn
Following the explosive surge of MOCHI, another meme coin set to explode is CatSlap ($SLAP), with its rapidly growing community.
With its Slap-to-Earn mini-game, CatSlap takes a playful yet aggressive approach to the meme coin market. The project aims to slap its way to the top, taking on dogs, frogs, and even other cats.
SLAP holders compete for high scores, contributing to their country’s standing on the Slapometer, a leaderboard tracking global participation.
Notably, CatSlap is set to burn $1 million worth of $SLAP tokens on Friday, January 31, nearly doubling the value of previous burns. In total, 466.5 million $SLAP tokens ($672,400) have already been burned, benefiting all token holders.
At the same time, $SLAP token rewards will officially end, with 549 million tokens currently staked. Users will have 14 days to withdraw staked tokens and rewards before any unclaimed rewards are burned.
The token burn will help reduce the overall supply of $SLAP tokens, increasing scarcity, boosting the token’s value, and benefiting holders by driving up demand.
With only 22 hours left until the burn, $SLAP’s price is $0.00150949. Now might be the best time to invest before the next price surge.
