Tag Archives: POPCAT

Bitcoin

Analyst Warns Of A POPCAT Correction Following 230% Surge

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The Solana-based memecoin Popcat (POPCAT) has been making the headlines for the previous week after turning into the primary cat-themed token to achieve a $1 billion market cap.

The token has surged over 230% prior to now month, which propelled the token to a brand new all-time excessive (ATH). Nevertheless, a crypto analyst has warned buyers of a potential correction for the feline sensation.

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POPCAT Leads The Clowder

This month, Popcat has registered a outstanding efficiency. The token started climbing the chart on July 11, breaking above a $900 million market capitalization by July 16. That day, the Solana-based memecoin flipped Ethereum’s MOG and have become the biggest cat-themed token by market cap.

Popcat continued its ascending trajectory, reaching a $1 billion market cap on July 20 and turning into the primary ever cat memecoin to attain this milestone. The next day, the token reached its ATH of $0.9939, in keeping with CoinGecko information.

Popcat hits a $1 billion market cap. Supply: DEGEN NEWS on X

At the moment, the token is the eighth-largest memecoin by market cap, sitting above Cat in a canine world (MEW) and MOG. MEW has additionally seen a outstanding efficiency prior to now week, with a 98.2% surge within the final seven days.

Throughout Q2, the cat-themed tokens noticed large progress and infiltrated the highest 10 memecoin listing. Furthermore, a CoinGecko survey revealed the class grew to become the 14th hottest crypto narrative within the second quarter.

Is A Correction Looming?

Following its current efficiency, some crypto analysts and buyers thought-about that “Popcat is trying good.” Group Lambo Charts shared on X that the memecoin had “one other recent breakout carried out” earlier right this moment.

Per the submit, the token broke out of the downtrend line after efficiently retesting the $0.84 mark. If the cat-themed memecoin continues to carry above this worth vary, the analyst believes a retest of the $1 resistance degree is feasible. Primarily based on this, he set an preliminary $1.08 goal “for the general 25% transfer quick time period.”

VikingXBT, one other market watcher, additionally commented on the token. To him, Popcat’s efficiency following its ATH “is smart on the decrease timeframe.”  The analyst identified that the token “hit the psychological goal lots of people had.”

He acknowledged that the present retraces and retest of the previous resistance are “molto buono.” Moreover, he prompt that buyers embrace themselves “with a little bit of endurance” whereas the token resumes its climb.

Nonetheless, not all analyses are assured in regards to the memecoin’s current efficiency. On Monday, famend analyst Altcoin Sherpa shared his ideas on X. Per the analyst, the chart “seems respectable nonetheless however could be involved if this prints a decrease excessive/shoulder.”

Popcat
Altcoin Sherpa warns of potential decrease excessive/ shoulder. Supply: Altcoin Sherpa on X

Sherpa thinks that if it occurs, and Popcat begins to unload, “all cat beta goes to die.” Nevertheless, the analyst clarified he’s nonetheless bullish for now as he believes that cat-themed memecoins “will do fairly effectively and play catch up.”

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As of this writing, the biggest cat-themed cryptocurrency registers a 12% and 27% improve within the every day and weekly timeframes.

popcat, POPCATUSDT
Popcat’s efficiency within the weekly chart. Supply: POPCATUSDT on TradingView

Featured Picture from Unsplash.com, Chart from TradingView.com

Bitcoin

Solana’s Popcat Nears $1 Billion Market Cap After Hitting ATH

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Popcat has emerged from the convergence of web memes and cryptocurrency. The meme coin depicts a playful feline, and it serves as inspiration for this digital asset, which has captured the eye of buyers and crypto fans because it tallies a brand new milestone.

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Popcat Scales The Crypto Meals Chain

Popcat has been exhibiting an enormous deal of resilience because it made a foray into the memecoin house in 2020. Quick ahead 4 years, the token tallied an unbelievable 180% progress in worth in 30 days.

The coin achieved an all-time excessive of $0.7542 in 24 hours, up roughly 30%. This newest achievement places the memecoin on the high of the cryptocurrency hierarchy.

Popcat’s $700 million market capitalisation and 979,978,694 token provide makes it one of many high 100 cryptocurrencies so far.

Popcat’s fast ascent could also be attributable to inside and exterior elements. The “popcat” meme’s attraction supplied a basis for group progress and virality. Buyers felt nostalgia and camaraderie from the token’s connection to an enormous web sensation, leading to a loyal following.

Second, the speculative character of the cryptocurrency market contributed considerably to Popcat’s success. Buyers have been enticed to many different meme-inspired tokens due to the prospect for fast income and the exhilaration of partaking in a high-risk, high-reward funding.

The psychology of worry of lacking out (FOMO) positively contributed to the Popcat frenzy, as many rushed to reap the benefits of the perceived alternative for enormous rewards.

Popcat is presently buying and selling at $0.83. Chart: TradingView

Furthermore, the flood of recent buyers becoming a member of the crypto market—particularly these drawn in by the prospect of quick wealth—created demand for Popcat and different tokens. Each seasoned and novice buyers could simply take part within the speculative frenzy as a result of comparatively low entrance barrier and the provision of crypto exchanges.

Popcat’s growth has been fairly exceptional, however purchasers ought to use warning even so. The bitcoin market is erratic more often than not, therefore meme-based currencies are notably weak to fast worth swings. These items are intrinsically harmful as they depend on hypothesis and lack precise worth, therefore buyers needs to be able to lose some huge cash.

Popcat enjoys the inexperienced within the final 24 hours. Supply: Coingecko

Memecoin’s Worth At A Look

Popcat’s worth rose by 16.4341% in the course of the previous 24 hours as of July 16, 2024. Perceptive buyers will see a drop, nonetheless, throughout the final 30-day interval. Subsequently, the selection to make Popcat investments will depend on whether or not such an funding suits your particular person threat tolerance and buying and selling targets.

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Monetary specialists have sought to navigate the murky waters of cryptocurrency prediction, with some, similar to Coindataflow, claiming that the typical worth of Popcat may surge to $1.63 by the top of the yr.

Wanting forward within the coming months or years, Popcat’s projections present that the digital foreign money may attain $3.52. Decreased liquidity may cause vital worth volatility and make it troublesome to execute trades at focused worth ranges, including to the funding’s inherent dangers.

Featured picture from X/@POPCATSOLANA, chart from TradingView

Bitcoin

Memecoins Resurgence? POPCAT And MEW Surge 20%

Because the crypto market settles in on this new section of the crypto cycle, some memecoins have proven exceptional efficiency over the past couple of days.

Cat-theme tokens have considerably grown in recognition throughout this bull run, with some, like Cat in a Canine’s World (MEW), making it to the highest 10 memecoins record. Different feline-inspired tokens like Popcat (POPCAT) and Wen (WEN) have had a stellar week after current partnerships that triggered the worth to surge by 20% in a single day.

Was The Memecoin Surge Fueled By Bitcoin?

The memecoins sector has been dominated by canine, with tokens like Dogecoin (DOGE) and Shiba Inu (SHIB) being the flagship memecoins for the previous few years. Throughout this bull cycle, dog-themed tokens like Bonk (BONK) and dogwifhat (WIF) have been the discuss of the city, and a number of the tokens with the strongest efficiency.

Since its launch in January 2023, Bonk has surged round 4291%, whereas WIF has soared about 1512% since December 2023. Furthermore, the sector has proven stellar performances with cryptocurrencies like PEPE and E book of Meme (BOME).

Bitcoin (BTC) has dominated this cycle alongside memecoins, as highlighted by prime crypto analysts like Alex Krüger and Altcoin Sherpa. Nevertheless, their efficiency has been strongly co-related to BTC’s typically.

The remainder of the market has gone down with Bitcoin every time the flagship cryptocurrency faces a powerful retrace. Consequentially, when BTC has recovered, most sectors, together with memecoins, have regained their ranges. It’s value noting that some tokens like Popcat have continued to carry out nicely, even in the course of the current rally slowdowns.

On Thursday, Bitcoin efficiently examined the $59,000 resistance stage after spending most of Could’s first days hovering between $57,000-$58,000. Within the final hours of the day, the biggest cryptocurrency seemingly turned the resistance stage right into a help zone, pumping the worth of a number of memecoins.

Consequently, the memecoin market was 9.46% up on Thursday evening. Equally, cat-themed tokens have been up by 22.09% with a market capitalization of $1.581 billion, per CoinMarketCap information.

Cat-Themed Memecoins Take The Lead With Popcat

Regardless of dominating the memecoins market, canine-inspired tokens have misplaced some floor in opposition to the growing recognition of feline-inspired ones. Whereas the cats’ tokens had elevated over 20% within the earlier 24 hours, the canine’ sector solely surged 3.7% in the identical timeframe.

Over the previous few days, cat-themed memecoins have been among the many prime gainers within the crypto market. For example, Popcat has remarkably maintained its upward trajectory in the course of the current retrace and likewise joined the highest 10 memecoins record.

Popcat, which appears to be constructing a loyal neighborhood, has constantly proven double-digit acquire percentages this week. As reported by SolanaFloor, the token momentarily flippled BOME with its $570.3 million market capitalization.

Furthermore, as Bitcoin reclaimed the $59,000 stage, the cat-themed token noticed a 31% value improve within the day by day timeframe. This made Popcat the biggest gainer among the many prime ten memecoins.

In accordance with memecoin analyst Murad, Popcat will surge to $5-10 within the short-term as “the Topped High Cat.” Because the token reached its all-time excessive (ATH) of $0.618 on Thursday, the dealer highlighted a number of targets, together with a long-term $20 state of affairs.

Murad's prediction for POPCAT. Supply: X

Murad expects the token “to go to $1 shortly” subsequent time it closes above $0.63. Per the analysts, “It’s Cat Season child and $POPCAT is in management.”

MEW Stays A Well-liked Cat

A month in the past, MEW joined the canine’ pack after changing into the eighth largest memecoin by market capitalization. Since then, the lonely cat’s efficiency has struggled, with a 51.8% and 28.4% value lower within the month-to-month and weekly timeframes.

Regardless of the current drop in efficiency, the token has remained one of many hottest matters amongst altcoins. On Monday, crypto trade Bidget topped MEW as probably the most searched altcoin on the trade, beating PEPE and SOL on the “#BidgetTrendingSpot.”

On the time of writing, the token has proven a exceptional 12% value restoration within the final 24 hours, presently buying and selling at $0.00424.

memeocoins, cat-themed memecoins, Poppet, POPCATUSDT

POPCAT is buying and selling at $0.5389 within the weekly chart. Supply: POPCATUSDT on TradingView

Featured Picture from Unsplash.com, Chart from TradingView.com

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