Popcat’s 78% one-month gains lead traders to predict a breakout, positioning it ahead of dog coins in the crypto market.
Popcat (POPCAT), a meme coin on the Solana blockchain, has popped 21% in just 24 hours, attracting attention from traders who see it as the next big thing in the crypto market.
Notably, Popcat’s price has skyrocketed by nearly 105% over the past month, crossing the impressive $1 billion mark and earning a spot as the seventh-largest meme coin, according to CoinMarketCap data.
Crypto trader Altcoin Sherpa forecasts that Popcat will continue to rise, suggesting that “all cat beta is going to full send.” This means that various cat-themed cryptocurrencies, including smaller and mid-cap coins, could see a broader surge. Sherpa believes that cats are catching up to dogs this market cycle, hinting at a potential shift in investor interest.
Another trader, Scient, has labeled Popcat’s chart as the most bullish in the crypto world, predicting a 30% breakout if it maintains its current position. Meanwhile, Dogecoin (DOGE) and Shiba Inu (SHIB) have lagged behind, posting gains of only 11% and 31%, respectively, over the past month.
The overall market for cat-themed meme coins has grown, surpassing $3 billion in total valuation, with top contenders like Mog Coin (MOG) and Cat in a Dogs World (MEW) also enjoying gains above 10%.
As interest in meme coins continues to grow, Popcat is becoming a hot topic among traders.