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The Popcat price surged 10% in the last 24 hours to trade at $0.6112 as of 4.15 a.m. EST on trading volume that climbed 2% to $132.9 million.
Solana’s POPCAT is the 8th-largest meme coin by market cap right now, and one of the rare few that trades in the green on the 24-hour chart.
It’s pump may have been helped by the fact that August 8 is International Cat Day, with the cat-themed meme coin sector overall pumping 21%, according to CoinGecko.
Popcat Price Prediction
While POPCAT saw a considerable price increase in the last 24 hours, it appears that its token is starting to fall under the market’s influence once again. The token’s chart is showing the start of a strong correction, and while the support at $0.60 has stopped it from dropping twice in the last six hours, this time might be different.
The project’s technical indicators suggest that a strong bearish influence is driving POPCAT’s price, with its Bollinger bands previously seeing a sharp narrowing. While the bands are seeing a widening now, which would usually be a bullish sign, this is only happening because the price is pushing the lower band further down, which is actually a bearish signal.
The situation looks similar when it comes to the project’s Relative Strength Index (RSI) value, which has dropped to 33.58, approaching the oversold zone. The RSI has been fluctuating strongly in the past 24 hours, suggesting that traders have been buying the dip and then taking profit when the price saw a slight recovery.
This time, however, it appears that even the RSI is spiraling down and that it might delve deep into the oversold zone, as the selling pressure increases. Of course, this could be taken as an opportunity by those looking to buy the dip, although it would likely be for the best to wait for the token to reach its bottom before making a move.
Promising Alternative to Popcat
While the Popcat price remains uncertain due to the increased volatility that is currently dominating the market, there are alternative cryptos to buy right now that are immune to said volatility.
One of the best examples of this is Pepe Unchained (PEPU), which is one of the most successful presales of the year.
Being in the presale stage, PEPU is immune to volatility, and its only price changes come from scheduled increases, as its presale moves from one stage to the next.
The project represents the most recent Pepe-derivative meme coin. But, while it may have been inspired by the same meme as other Pepe tokens, it immediately stands out from all others due to the fact that it is the first Pepe token to have its own blockchain.
Behold, Pepe the Breaker of Chains! 🐸⛓️ pic.twitter.com/HZ61lgQ1A0
— Pepe Unchained (@pepe_unchained) August 6, 2024
Pepe Unchained developed its own Layer-2 blockchain on top of Ethereum’s network, which is what allowed it to become “unchained” from Ethereum’s limitations.
Despite all of the work ETH has seen in the past decade, the project’s network is still considered slow, with overly expensive fees, and a persisting lack of scalability.
PEPU, on the other hand, used L2 technology to grant itself the capabilities that Ethereum is lacking, and as such, it is officially more capable than the original Pepe, as well as any other Pepe clones.
This attracted the attention of crypto experts who have been speculating that the project has at least 10x potential. One example is Jacob Crypto Bury, a crypto YouTuber with over 41k subscribers who sees it as the best PEPE alternative right now.
But,he is far from the only one to recognize PEPU’s potential, which can be seen from the state of its ICO after it blasted past more than $7.67 million in funds raised.
You can join, too, as the project is selling its token for only $0.0089461. You can buy it with ETH, USDT, BNB, or credit/debit cards. Those eager to join should do so soon before a price hike strikes in slightly more than a day.
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