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Web 3 Journalist
Tim Hakki
Web 3 Journalist
Tim Hakki
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Popular Solana meme coin Popcat ($POPCAT) dropped 12% in 24 hours as generally downward crypto prices send the meme coin sector into a tailspin.
At its current price of $1.25, Popcat is also down about 17.5% from its price this time last week.
Although the retreat is significant in terms of value, Popcat remains the sixth biggest meme coin by market capitalization.
Having recently flipped Floki ($FLOKI) to the spot, Popcat remains just ahead; both have a market cap around $1.2 billion.
Still, Popcat is currently absorbing heavier losses than any other top-ten meme coin.
Sector leader and originator Dogecoin ($DOGE) actually rose 6% overnight and 8% over the week to trade at $0.1571. Its price appreciation comes despite the $61 billion sector shrinking 2.1% overnight.
The broader crypto market also dipped by 1.2% in 24 hours and currently stands at $2.4 trillion. Market leader Bitcoin ($BTC) rose about half a percent overnight to trade at $68,760.
Popcat ($POPCAT): Price and Performance
Popcat is not even a year old. Since it’s a feline in a mostly dog’s world, the token also has the novelty factor on its side.
This has helped Popcat quickly become one of the best-performing meme coins in the world, and its price chart shows no signs of abating.
As we can see below, both resistance (represented by the red line) and support (green line) have been sharply increasing since an early August crypto crash bottomed the price at $0.37.
Popcat is still likely to capture ground quickly going into the New Year.
The token’s relative strength index (RSI) is currently sitting at 34 and it’s rising back up again, which indicates some buying momentum should help the depreciated coin stabilize.
The festive season could also attract a new wave of buyers, catalyzing further significant rallies.
Meme Coin Fans Exit PopCat For Crypto All-Stars $3 Million Presale
Popcat is a meme coin that was built solely for entertainment purposes. Given its clear lack of fundamentals, investing in it is virtually tantamount to gambling.
However, over in the presale market, some meme coin launches are easily and quickly bagging 10x or even 100x profits for investors.
Even in the meme coin sector, builders are adding and optimizing their utility, value, and community-building incentives to create some unmissable presales.
One new protocol called Crypto All-Stars hopes to change the negative perceptions around meme coins by letting crypto fans put them to work.
Crypto All-Stars is a unified staking protocol that allows users to earn serious rewards by combining the world’s most celebrated meme coins.
Users can stake Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, Based Brett, MogCoin, Milady, TurboToken, Toshi The Cat, Coq Inu, and BonkCoin in the MemeVault to earn passive income. Given its performance, Popcat ($POPCAT) is another potential candidate.
The current reward rate for staking these coins is an impressive 516% in the form of $STARS.
The project has gained so much popularity that its presale has already raised over $3 million, while Cardano’s $ADA failed to gain ground.
Following the purchase, investors can begin staking for rewards and claim the tokens once the presale ends.
Head to the website to buy $STARS with ETH, USDT, BNB, or even by card.
Follow Crypto All-Stars on social media – X (Twitter) | Telegram to stay up-to-date on all the developments.
Visit the Crypto All-Stars Presale Website Here
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
