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Crypto market cap rises by $640B, with Bitcoin leading gains. Popcat meme coin eyes new liquidity, but altcoin options may offer more.
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The crypto industry’s total market cap has surged by $640 billion in the past 30 days.
While a lot of that went directly to market leader Bitcoin, experts anticipate a wealth cycle into smaller altcoins in the coming weeks.
Popcat is a trending meme coin that hopes to attract some of this new liquidity. But is this a good time to buy, or do other meme coins present more opportunities?
Popcat buyers rotate profits amid crypto rally
Popcat has risen this month, but it seems that early investors got cold feet when prices started to rise this month.
The quirky cat-themed meme coin was a significant outperformer during the summer, exploding while a lot of other meme coins were falling deeper into the red.
But as the market started to bounce – which included Dogecoin hitting its highest price since June 2021 – Popcat’s rally took a break.
Yet it’s still seeing significant trading volume, with $234 million worth of tokens changing hands in the past day.
This suggests that early buyers are selling into incoming demand, which is known as a redistribution phase.
Currently, Popcat is trading at $1.43, up 5% in the past month.
Popcat price chart shows signs of life
“Only the most patient will win.”
This was the remark of Enguin, an analyst who, in one sentence, encapsulated the eternal fact that crypto prices never go up-only. And it’s no different for Popcat.
There will always be up, down, and sideways periods.
Right now, Popcat is trading relatively sideways.
Yet, the market is still expecting big things – traders should just be aware that it might need to cool off first.
Analyst Muro predicts Popcat will hit $6 once it begins to rally. That’s just over 4x of its current price.
Muro also notes that POPCAT has just broken a trendline resistance, signaling that momentum is beginning to turn bullish.
Meanwhile, Bluntz has a slightly more conservative target of $4 and says its rally is “starting soon” after breaking an ascending channel to the upside.
Popcat is up over 8,700% this year. Yet, traders are now looking for a maximum gain of around 300%.
This underscores the importance of investing in meme coins early to secure the biggest returns.
What meme coins could give higher gains than Popcat?
Two projects stand out from other new meme coins right now.
The first is Pepe Unchained, an Ethereum layer 2 blockchain for meme coins. It’s undergoing a presale, which means investors can participate from the ground floor.
But don’t be mistaken. Pepe Unchained has already proven itself as a top meme coin contender, raising a whopping $27 million in its presale.
The “Pepe Chain” will be 100x faster than Ethereum and a lot cheaper. It’ll also come with features like a meme coin launchpad, a block explorer, staking, a decentralized exchange, and more.
Merging cutting-edge utility with meme culture, PEPU has caught the market’s imagination – even leading analysts are talking about it. ClayBro recently hailed its massive presale success and suggested that big things are on the horizon.
Crypto All-Stars is another project with a lot of momentum. It’s also undergoing a presale and has raised $3.5 million so far.
The project is building a decentralized staking app that lets users generate passive income by locking up their DOGE, SHIB, PEPE, and more in an Ethereum-based smart contract.
Like Pepe Unchained, Crypto All-Stars is drawing a lot of attention online. Recently, Umar Khan, an analyst from 99Bitcoins, said that it might 100x after launching on exchanges.
As liquidity floods into the crypto market, tiny new meme coins have a rare opportunity ahead of them. And there’s no doubt that PEPU and STARS investors will be hoping for a repeat of Popcat’s 8,000% gain once they launch on exchanges.
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This article first appeared at crypto.news
