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The Ponzio The Cat price surged 32% in the last 24 hours to trade at $295 as of 3 a.m. EST on trading volume that dropped 64% to $1.2 million.
On a weekly basis, the PONZIO price has soared 148%, taking it from $129 to its current price.
Ponzio The Cat is a young token that launched in June of this year, and it quickly attracted the attention of investors and traders.
After it emerged, it moved quickly, establishing contacts with important crypto platforms, including CoinMarketCap, DEXTools, DEXScreener, and CoinGecko.
Contact with @Coingecko and @CoinMarketCap ✅
Contact with @DEXToolsApp and @dexscreener ✅
One thing at a time, now back on the couch for 6 or 7 hours.
— Ponzio The Cat (@PonzioTheCat) June 18, 2024
It also attracted attention by rewarding random followers with PONZIO tokens, with one of its transactions being as much as $10k.
Ultimately, however, it calls itself the “first-ever meme coin programmed to go up in price,” and this seems to have resonated well with the crypto community.
I'm sending $10k to a follower soon, you can double your chance if you like and RT this post too.
In case you missed it, $PONZIO is the first ever memecoin programmed to go up in price.
Have fun riding.
— Ponzio The Cat (@PonzioTheCat) June 20, 2024
Ponzio The Cat Price Prediction
While the PONZIO price saw a major price surge in the past week, there are signs that the token might soon see a price correction, as suggested by certain technical indicators.
For example, the token’s Bollinger Bands have seen a sharp narrowing compared to yesterday, although the price then got a second wind, and it started growing again. Against all odds, it started pushing the upper band further up, but the lower band kept following at a relatively close distance.
In addition, the token’s Relative Strength Index (RSI) value also saw a drop as traders took profit following the new meme coin’s arrival to the resistance at $300. The RSI crashed from the overbought zone to the oversold area, only to bounce back up, and return to the overbought sector once again.
While it has been over 15 hours between the RSI coming back to these high levels and the time of writing, the traders have not yet made their move, although they could start another mass sale at any moment. This makes PONZIO a risky crypto to buy right now, as a second major correction in two days is likely to start soon.
Promising Alternative To Ponzio The Cat
While Ponzio The Cat is seeing a strong performance now, its price could see another rejection at any time, especially given the fact that it has been surging for a week at this point.
This is why traders who do not wish to take on high risks might want to consider an alternative, such as another highly popular meme coin that is currently in presale, The Meme Games (MGMES).
This is a project inspired by the 2024 Olympics. But, instead of focusing on the real Olympic games, the project is organizing its own meme coin Olympics.
Essentially, it has introduced five iconic meme personalities as athletes that will participate in their own competitions, while investors get to bet on the athlete they like the most.
69 people have won a 25% bonus by picking $PEPE at the #MemeGames!
Coincidence or destiny? 🏆
Choose from 5 meme icons and you could score a 25% bonus on your $MGMES purchase if they win the race! 🔥
Join now! 👉 https://t.co/lbYNWg8iXr#Paris2024 #Presale #Crypto #Alts pic.twitter.com/q4Tdbzkpo5
— The Meme Games (@MemeGames2024) August 2, 2024
If the holder’s chosen athlete wins the Olympic event, the investor receives a 25% bonus on the original investment. The competitors include Dogecoin, Dogwifhat, Pepe, Turbo, and Brett, and the only way to be able to bet on any of them is to join the ICO.
Crypto YouTuber Jacob Crypto Bury says MGMES has the potential be the next 10x meme coin.
So far, the MGMES ICO has raced past $340k in funds raised while selling tokens for $0.00915 apiece.
That price will increase in 1 day, so interested investors should buy soon to secure the best deal.
Visit the official MGMES website here.
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