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Kriptoteka > Crypto News > POPCAT Surges to All-Time High, Outperforming Bonk and Floki
Crypto News

POPCAT Surges to All-Time High, Outperforming Bonk and Floki

marcel.mihalic@gmail.com
Last updated: October 24, 2024 2:38 pm
By marcel.mihalic@gmail.com 4 Min Read
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Coinspeaker
Solana-based Meme Coin POPCAT Reaches New All-Time High, Outperforming Bonk and Floki

While the overall meme coin market has been stabilizing, the Solana-based meme coin POPCAT

POPCAT
$1.58



24h volatility:
13.3%


Market cap:
$1.54 B



Vol. 24h:
$271.93 M

has emerged as a leading performer in the sector, achieving a new all-time high. In the past 24 hours, the POPCAT price jumped by another 12%, reaching its all-time high of $1.66 earlier today. Moreover, the daily trading volume skyrocketed by an impressive 80%, surpassing $250 million.

On the weekly chart, the meme coin shows a robust 25% increase, outperforming its competitors in the sector. Similarly, it has posted an astonishing 80% gain on the monthly chart. The rise in POPCAT’s price coincides with a significant increase in its futures open interest, which rose from $46.91 million at the beginning of September to a remarkable high of $274.8 million.

With today’s price hike, the meme coin POPCAT has surpassed well-known contenders like BONK

BONK
$0.000023



24h volatility:
1.1%


Market cap:
$1.56 B



Vol. 24h:
$253.17 M

and FLOKI

FLOKI
$0.0001



24h volatility:
1.0%


Market cap:
$1.40 B



Vol. 24h:
$217.20 M

. This achievement has been supported by significant whale activity and accumulation reported for the meme coin recently.

A member of the One X community pointed out at least three whale wallets that acquired considerable amounts of the token in the last 24 hours, with one whale observed selling BONK to buy POPCAT.

Whoever you are KEEP POPPING POPCHAD

this wallet is firing 100 sol clips every min into $POPCAThttps://t.co/dXviUvwB9v pic.twitter.com/5g2oD7PhVk

— FomoCrypto (@fomo_ALTs) October 24, 2024

Moreover, on-chain data indicates considerable POPCAT outflows from centralized crypto exchanges. Such outflows are viewed as a bullish sign, suggesting that investors prefer to retain their tokens for an extended period.

As mentioned, these factors combined have enabled POPCAT to emerge as the top gainer among the leading 100 cryptocurrencies today. This cat-themed meme coin has thus surpassed other dog-themed meme coins like BONK and FLOKI.

POPCAT Price Movement Forecast

On the daily POPCAT/USDT chart, the Moving Average Convergence Divergence (MACD) indicator shows a bullish crossover, with the MACD line (blue) moving above the signal line (orange), indicating potential for sustained upward momentum.

Furthermore, the Average Directional Index (ADX) reading of 37.48 reinforces the strength of the ongoing trend, suggesting that the price may continue to rise.

Courtesy: TradingView

In addition, market analysts have turned optimistic about the short-term future of POPCAT. Crypto market analyst Bluntz noted that the POPCAT price has recently broken out of its ascending channel.

This breakout from the pattern strongly indicates further price increases, demonstrating that sustained buying interest has overcome previous resistance levels within the channel.

$POPCAT breakout as expected
Up 12% thus far.

Should we believe in @MustStopMurad and aim for $5??
I'll take it step by step pic.twitter.com/2SduA7XxXP

— NW CRYPTO (@FutureCrypto55) October 24, 2024

A trader known as NW CRYPTO has suggested that the meme coin might face resistance at $0.2768, approximately 18.7% higher than the current price. They noted that if bulls can push the price beyond this resistance level, the next targets could be $0.7416 and $1.4926.

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Solana-based Meme Coin POPCAT Reaches New All-Time High, Outperforming Bonk and Floki

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