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Solana meme coins are again leading the top crypto gainers list, with Popcat and Dogwifhat at the forefront.
The Popcat price hit a new record high on Monday, trading up to $1.47 before a marginal pullback.
With the meme coin now in price discovery, there is growing speculation about whether it will continue its bullish trajectory or witness a bearish reversal.
Smart money investors are also on the lookout for new tokens that could explode next, especially as the meme coin supercycle appears to be underway already. Projects like Pepe Unchained are in high demand, with some prominent analysts backing it as the next 100x meme coin.
Summary
Popcat Price Prediction – Will The Rally Continue?
The Popcat coin has been one of the top-performing cryptocurrencies in this bull cycle. For instance, it has posted the highest gains of any top 100 cryptocurrency in the past 30 days, upwards of 170%.
In comparison, WIF, Bonk and Pepe are up by 50%, 10% and 30% respectively.
Indeed, Popcat has already flipped Floki in terms of market cap and is poised to move ahead of Bonk. Notably, its outsized performance comes despite no Binance or Coinbase listing. On the contrary, Pepe and Dogwifhat are available on Binance’s spot market while Bonk is live on both Binance and Coinbase.
However, the key question now remains whether the Popcat price will continue to rally or succumb to profit-taking from whales, offering a better entry to sidelined investors.
Prominent investors appear to be favouring the possibility of a bullish continuation. For instance, Stephan with 354k X followers projects that the meme coin could soar to $5 sooner than expected.
Similarly, the Popcat price prediction from Atlas sees the meme coin reach a $6 billion valuation, considering it is trading within an ascending channel.
However, the warning signs of an impending correction cannot be ignored. For instance, the Popcat RSI (Relative Strength Index) has entered the ‘oversold’ territory in the daily timeframe, currently standing at just under 80.
Similarly, its 20-day Commodity Channel Index and 14-day Williams Percentage Range are giving ‘sell’ signals.
Furthermore, an analysis of the top Solana meme coins reveals the Popcat price could see an extended downtrend in the coming days.
For instance, the maximum growth between two consecutive peaks in the Dogwifhat price chart is 45%. Considering that POPCAT’s last peak stood at $0.96, a 45% growth would place its next peak at $1.39, which is its current price.
Meanwhile, the maximum increase between the two Bonk peaks is 54%. In this scenario, Popcat’s next peak should come at $1.48, which is its current all-time high.
If Dogwifhat and Bonk’s price charts are any indication, the Popcat coin could see a short-term correction in October, potentially sliding to its previous all-time high of $0.96.
Meme Coin Supercycle Underway – Is Pepe Unchained The Next Crypto To Explode?
Even a marginal bounce in Bitcoin is enough to send meme coins soaring, indicating that the highly-anticipated “meme coin supercycle” is underway.
In fact, experts believe that institutions and hedge funds are still underexposed to meme tokens and a FOMO rally is still pending.
With large-cap tokens like Pepe, Popcat and Dogwifhat already pushing towards new highs, all eyes are now on low-cap gems. Pepe Unchained (PEPU) is one of the projects that have caught the attention of prominent investors.
Behind heavy whale buys, the PEPU presale has already raised nearly $18 million in early fundraising.
The recent sneak peek into the Pepe Unchained Layer-2 ecosystem has only increased the demand.
After all, it is rare for low-cap meme coins to offer such in-demand utility. For instance, the aforementioned ecosystem will consist of a Layer-2 blockchain, block explorer for transparency, custom DEX and developer grants for new projects.
PEPU holders will already experience extremely low trading costs and instant transactions. Notably, high scalability is the key reason why Solana meme coins are in such high demand. Now, PEPU offers this experience without compromising on Ethereum’s security or decentralization.
Unsurprisingly, crypto influencers are bullish on Pepe Unchained, with some expecting it to offer up to 100x returns.
*Cryptonomist did not write the article or test the platform.
