- POPCAT hit new ATH and could edge higher if its traction extended.
A trading executive projected that POPCAT could flip FLOKI.
As a seasoned analyst with over two decades of experience in the crypto market, I have witnessed numerous trends and cycles that have shaped this dynamic industry. The recent surge of Popcat [POPCAT] has piqued my interest, given its impressive performance within the memecoin sector.
Over the past few months, starting from September, the memecoin Popcat (POPCAT) has demonstrated exceptional growth compared to others in its category.
It was up +120% in the past 30 days of trading, eclipsing the rest of the sector, including dogwifhat [WIF], which held reigns in H1 2024.
Some community members think that POPCAT might continue its momentum due to increased speculative attention and possibly surpass Floki (FLOKI).
Popcat to flip Floki?
As stated by Andrew Kang from Mechanism Capital, POPCAT has been among the primary recipients of recent funds shifting towards memecoins. To put it simply, a significant portion of the capital flowing into memecoins has been directed towards POPCAT.
It appears that Popcat could potentially gain from these financial shifts, as it’s currently finding its value. If things continue, it might align itself with the top four coins of this period – BONK, WIF, PEPE, and FLOKI.
In response, Joshua Kang, the trading chief at Mozaik Capital, expressed optimism about the potential for POPCAT to overtake FLOKI.
“Popcat gonna take Floki out.”
In the context discussed, Popcat demonstrated remarkable growth and significant popularity when the market recovered in September. It was actually the initial altcoin to reach a fresh all-time high during this particular time frame.
In addition, as Binance provides more power to the memecoin, Kang suggested that POPCAT might emerge as the ‘DOGE among CATs’, surpassing the competition within the sector.
On a year-to-date scale, the memecoins sector has shown exceptional growth and is currently the leading storyline. As per analyst Murad Mahmudov’s predictions, this sector’s influence might continue through the year 2025.
As of the latest updates, POPCAT ranked as the 7th largest memecoin in terms of market capitalization, slightly below FLOKI. The recent surge in POPCAT’s value has catapulted it past a significant milestone of $1.18 billion in market size. Meanwhile, FLOKI maintained a market cap of approximately $1.26 billion.
Over the course of the weekend, data from Coinglass revealed that POPCAT outperformed FLOKI in both trading volume and Open Interest (OI) ratios.
This demonstrates that POPCAT is attracting more curiosity in the speculative market compared to FLOKI. If this pattern continues, there’s a possibility that POPCAT might surpass FLOKI.
Currently, as we speak, the value of POPCAT is reported at $1.2, with its price still being determined. In the immediate future, it’s crucial to keep an eye on the levels $1.1 and $1.4 for potential price movements.
Read More
- DOGS PREDICTION. DOGS cryptocurrency
- SQR PREDICTION. SQR cryptocurrency
- LDO PREDICTION. LDO cryptocurrency
- KNINE PREDICTION. KNINE cryptocurrency
- STG PREDICTION. STG cryptocurrency
- TON PREDICTION. TON cryptocurrency
- EVA PREDICTION. EVA cryptocurrency
- JASMY PREDICTION. JASMY cryptocurrency
- HI PREDICTION. HI cryptocurrency
- UXLINK PREDICTION. UXLINK cryptocurrency
2024-10-06 16:07