Popular meme coin Popcat ($POPCAT) is posting a correction of 6% in the last 24 hours as the whacky meme coin sector rose 1.7% to record a combined market cap of $75.5 billion.
Although it appears to be trading against the grain today, Popcat has actually been buoyed by feverish market activity in the last few weeks.
Over the last seven days, Popcat rose 11%. The token’s advances over the last fortnight and the last thirty days have added 14% and 45% to the price respectively.
This means over the last thirty days Popcat is a better performing digital asset than number one meme coin Dogecoin ($DOGE).
Dogecoin only rose 27% over the period, although it beat out Shiba Inu ($SHIB), which rose 17%.
Pepe ($PEPE) the largest non canine-themed meme coin added about 15% in the last thirty days and currently trades for $0.059713.
Popcat Price Analysis – Where is the Top Cat Coin Headed Next?
In spite of the adverse price movement relative to other meme coins, Popcat is looking strangely bullish.
The price chart shows the token is currently finding resistance around its current price of $1.50.
Yesterday, Popcat rallied to set a new all-time high of $1.67, but it has since pulled back by about 11%.
Source: TradingViewA relative strength index (RSI) of 40 and climbing suggests that buying activity is underway, likely consolidating the token at its current price before the weekend.
For a bullish trend to be confirmed, the price needs to surpass the $1.50 mark. Conversely, bears might be hoping that the support level at $1.48 fails to hold.
Meme Coin Fans Exit PopCat For Crypto All-Stars $2.7 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.
While meme coins’ inherent volatility attracts people, their whimsical nature also hinders their utility. Now, one team has found a way for meme coin holders to generate consistent value from their holdings.
Crypto All-Stars is a unified staking protocol that allows users to earn serious rewards by combining the world’s most celebrated meme coins.
Holders of Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, Based Brett, MogCoin, Milady, TurboToken, Toshi The Cat, Coq Inu, and BonkCoin can stake them in the MemeVault and earn passive income in the form of $STARS with a rewards rate currently set at 563%.
The team says many more will be added soon. Popcat could be a likely contender, given its high standing in the meme coin community.
The project has gained so much popularity that its presale has already raised over $2.7 million.
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
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