Popcat Investors Are Quietly Moving Funds to This Lesser Known Coin – Could It Explode After Exchange Listings?
Sam is a financial journalist with a focus on cryptocurrency market news, based in London. With a Master’s Degree in Development Management from the London School of Economics, Sam’s passion for...
Cat coins are fiercely competing for dominance, with top crypto kitty contenders vying to be the top cat in the market.
As the current leader, Popcat is battling to maintain its position. Let’s dive into the details.
Recent weeks have seen an absolute surge of interest in animal-themed cryptocurrencies, so far the crypto market has seen the rise of long-standing Dogcoins (and newcomers such as DogWifHat), frog coins, 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.
As cat coins continue to surge with activity, leading token POPCAT is currently trading at a market price of $1.34 (representing a 24-hour change of -1.12%).
Despite the localized retracement, POPCAT appears to be in a process of recovering from a sudden-scare on the short-time frame, following the emergence of a feared ‘deathcross’ between the 20DMA and 200DMA on Wednesday 16.
Yet, in an impressive display of strength, POPCAT holders mounted a defense of the support level at $1.16, enabling bulls to regain control of price action with a thunderous move back up above moving average support in the last 24-hours.
This has corrected the much-feared
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