POPCAT, DOGS soar as Bitcoin reclaims $56k
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Popcat and Dogs are the two top-gaining tokens in the 100 largest cryptocurrencies by market cap as Bitcoin price climbs back above $56,000.
The meme coins $Popcat and $DOGS traded at $0.62 and $0.0011, with 19% and 16% in 24-hour gains respectively at the time of writing.
Upside momentum meanwhile had pushed Bitcoin price above $56,500 as bulls fought to recover from the dip that saw the leading digital asset trade near $53,300 on Sept. 7.
Subheading: Futures listing helps POPCAT, DOGS higher.
Most meme coins have struggled for upward momentum in recent weeks, mainly as the broader market experienced downward pressure throughout August.
However, like many other small cap tokens, Solana based Popcat and Telegram-related Dogs have benefited from a rush of positive sentiment following crucial futures trading support across major exchanges..
Binance recently added POPCAT perpetual contracts, allowing traders to bet on the meme coinâs price. This move caused Popcatâs price to spike significantly. OKX also added POPCAT futures and outlined a trading contest that offers up to $100 in rewards.
DOGS, which slipped amid the recent arrest of Telegram CEO Pavel Durov, has recovered some of the losses since falling to $0.0009 on Sept. 8. Previously, the Telegram-native meme coin had rallied thanks to Binanceâs offering of 40 million DOGS in a contest that ends on Sept. 17.
Binance, OKX, and Bybit are some of the top exchanges supporting the DOGS airdrop and token listing.
