The token has seen a staggering 105% rise over the last month, surpassing the $1 billion market cap and positioning itself as the seventh-largest meme coin, as reported by CoinMarketCap.
Prominent crypto trader Altcoin Sherpa has projected continued upward momentum for Popcat, remarking that “all cat beta is going to full send.” This suggests that various cat-themed cryptocurrencies, including smaller and mid-cap tokens, may also experience significant gains. Sherpa posits that this market cycle could witness a shift in investor interest as cat coins begin to rival their dog-themed counterparts.
Another analyst, Scient, has characterized Popcat’s chart as the most bullish in the cryptocurrency space, predicting a potential 30% breakout if the token maintains its current trajectory. In contrast, major players like Dogecoin (DOGE) and Shiba Inu (SHIB) have seen more modest gains, with increases of just 11% and 31%, respectively, over the same period.
The market for cat-themed meme coins is flourishing, boasting a total valuation that has exceeded $3 billion. Other notable contenders, such as Mog Coin (MOG) and Cat in a Dogs World (MEW), have also reported gains above 10%.
As interest in meme coins continues to escalate, Popcat is rapidly becoming a focal point for traders and investors alike.
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