Popular meme coins, Dogwifhat, and POPCAT are trading negative gains by the market with weekly outflows amid a wider market bullish momentum. A glance at the market shows Bitcoin (BTC) and altcoin prices in the green zone as market sentiments rebound.
The recent inflows recorded in crypto assets are heightened towards memecoins based on the volatility of coins rallying across community spaces. At press time, the crypto market capitalization stands at $2.42 trillion, a 3.13% increase in the last 24 hours. Meanwhile, meme coins have surged 1% to $56.4 billion.
Dogwifhat and POPCAT Face Road Block
Both assets are the only two meme coins with negative flows in the top 10 assets list by market capitalization. Dogwifhat trades at $2.83 after posting daily losses of $0.5%. Its daily range was at a low of $2.80 and a high of $2.95. Intraday trading remains low as the recent corrections continue amid a bullish market sentiment.
Dogwifhat’s bearish sentiment has extended to 3.3% weekly losses
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