As the current cat-coin leader, Popcat is battling to maintain its position in the charts.
Top cryptocurrency kitty competitors are fighting it out to be the best cat on the market, and cat coins are fiercely vying for supremacy.
Popcat, as the leader at the moment, is fighting to stay that way. Now let us get specific.
There has been a huge increase in interest in animal-themed cryptocurrencies in recent weeks. The market has seen the rise of established Dogcoins (as well as newer ones like DogWifHat), frog coins, and baby hippo coins, and even Goat coins.
But ever the internet’s favorite meme, it is clear that the Cat coin crown is the most contested, as four crypto cats appeared on the now infamous Murad meme coin supercycle prediction list this month.
However, the cats don’t stop there, according to data from CoinGecko, there are over 13 cat coins which currently possess large market capitalizations above the $50M mark – illuminating the intense competition in the now $4.39bn cat coin space.
POPCAT Price Analysis: Will Popcat Retain The Cat Coin Crown?
Leading token POPCAT is now trading at a market price of $1.34 (a 24-hour change of -1.12%) as cat coins continue to surge in activity.
Even with the limited retreat, POPCAT seems to be recuperating from an abrupt panic on the short-term basis, after a feared “deathcross” between the 20DMA and 200DMA surfaced on Wednesday 16.
However, in a stunning show of strength, POPCAT holders defended the $1.16 support level, giving bulls the upper hand in the last 24 hours as they made a thunderous move back up above moving average support.
The much-feared “deathcross” has been corrected, and an ascending 20DMA has broken back above the 200DMA in a much-welcomed “goldencross,” indicating that further upside movements are probably in store.
After this technical strengthening, there has been a small, localized retracement. The price has slipped below the 20DMA’s aggressive ascent (at $1.35), consolidating above support at $0.31.
Turning our focus to POPCAT’s RSI indicator, which is currently showing a neutral 51, it appears that momentum is slowing down as consolidation waits for Bollinger band volatility to continue tightening.
POPCAT is currently waiting for a bullish rebound after the golden cross move, and upside targeting indicates that POPCAT’s price may move up to $1.487 (or +10.81%).
However, there appears to be less chance of a decline thanks to a strong local support level at $1.31, which is directly below the price action (possibly -1.75%).
This indicates that POPCAT has a risk:reward ratio of 6.17 going into the weekend, which is highly enticing to traders of derivatives.
But in the meme super cycle environment, a paltry +10.8% gain does not entice FOMO spot traders.
Pepe Unchained Layer-2 Could Hit $1Bn As It Reboots PEPE Ecosystem
Meanwhile, stepping away from the multi-billion market caps and looking at growing opportunities in the meme coin space, there is perhaps no more exciting opportunity this week than Pepe Unchained.
Pepe Unchained is attempting to free the fabled Pepecoin from its ERC-20 captivity by introducing a much-needed dedicated meme coin layer-2. This is in an effort to alleviate one of the most frequent grievances expressed by meme coin traders: excessive gas fees.
What does this mean? To put it briefly, Pepe Unchained will enable more affordable and faster transactions, giving the top meme coin developers in the cryptocurrency industry access to a highly scalable playground.
However, this goes far beyond simply building a new layer-2 piggybacking on Ethereum; it is about creating a new hive for meme coin activity, which necessitates ecosystem expansion.
Fortunately for us, the original developers of the Pepe Unchained project are fully aware of that.
As such they’re already planning a whole suite of ecosystem development tools, including block explorers to enable research, super low-cost cross-chain bridges to draw in meme coin traders from across the industry, and perhaps most exciting of all a new developers grant fund.
Yup, you heard that right! Expect big things to come as Pepe Unchained, through Frens With Benefits, will be funding some of the industry’s most renowned developers to build the newest and best layer-2 solution.
Better yet? You can profit from this massive new venture and take a piece of the pie.
Gone are the days of venture capital – Pepe Unchained is here for the people – and the experienced development team (that boast more than 100 years of combined blockchain development XP) are bootstrapping this project with crowd funding via the $PEPU presale.
And this winning recipe is already a viral success! Pepe Unchained’s presale smashed a jaw-dropping $20.52M in funding this week, as eagle-eyed investors across the space target $PEPU as one of the hottest launches of 2024 – a far more exciting proposition than POPCAT.
So don’t miss out on this incredible opportunity, next time you hear about Pepe Unchained, you will probably be trading on it (and regreting ignore this news!).
To stay up to-date – engage with the Pepe Unchained community on X and Telegram.