Cat-themed coins TWT, UTK, and WINGS drive market rebound as crypto market sees recovery, says Coin Media

Digital coins displayed bullish signals on Tuesday as the global cryptocurrency market cap increased by 3.20% within 24 hours to $2 trillion.

That reflected solid recoveries from the latest bearish slide, which dumped Bitcoin to $52.8K on September 7.

While cat-themed meme tokens top the charts with robust trading volumes and market cap increase (according to CoinMarketCap), Trust Wallet Token (TWT), Utrust (URK), and Wings (WINGS) attracted attention with substantial bounce-backs.

Trust Wallet Token jumps 4.6%

TWT joined the broad market revival, climbing from the daily low of $0.8152 to $0.8528, translating to a 4.61% 24-hour increase.

The alt trades at $0.8485 at press time, with a 10% uptick in daily trading volume, signaling amplified investor enthusiasm.

Trust Wallet Token’s surges mirror improved sentiments in the crypto sector, and its upcoming trajectory will rely on the overall market performance.

TWT is a utility coin that offers Trust Wallet users various incentives, including discounts when using decentralized exchanges (DEXs) and in-app crypto purchases.

Trust Wallet is a mobile crypto wallet that supports multiple digital tokens on TRON, Binance, and Ethereum blockchains.

Utrust bounces back

UTK witnessed wild fluctuations over the past week, which left it down nearly 2% on its 7-day chart. However, the alt traded in the green today after gaining 4.65% in the past 24 hours.

UTK changed hands at $0.04518 during this writing, with $22.59M in market cap. The 20% surge in daily trading volume and enhanced broad market sentiments support continued upswings for UTK in the near term.

WINGS gains 5%

Ethereum-based token Wings jumped 4.88% from the daily low of $0.001848 to $0.001932 over the past day. The altcoin trades at $0.001907 during this writing, ready to extend its near-term surges.

Source – Coinmarketcap

Cat-themed cryptos lead the rally

While bulls dominated the digital currencies landscape, top cat-based meme coins recorded substantial jumps.

The market cap of cat tokens increased by 10% the previous day to $1,867,001,638, whereas the trading volume skyrocketed 70% to $326.66M in that timeframe.

Popcat, TOSHI, GINNAN, and Nubcat gained up to 40% over the previous day. POPCAT has outperformed lately, and some analysts expect stable surges after prolonged accumulation.

r/JustEnjoy believes POPCAT has what it takes to explode from its current price to $10, which would mean an over 1,600% increase. Today’s crypto market performance reflects renewed strength after the latest bearish movements.

Nonetheless, bulls should ensure enough momentum for sustained gains as September remains a wild month for digital assets, with bears having the upper hand.

The post TWT, UTK, and WINGS rebound as cat-themed coins lead crypto market recovery appeared first on Invezz

Conclusion

The cryptocurrency market is showing signs of recovery with digital coins bouncing back after recent dips. The resurgence in various altcoins like Trust Wallet Token, Utrust, and Wings indicates renewed investor interest and positive sentiment. Cat-themed meme tokens continue to lead the rally with impressive market cap gains and trading volumes.

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