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The Popcat price pumped 8% in the last 24 hours to trade at $1.39 as of 2.30 a.m. EST on trading volume that surged 10% to $176.36 million.
The project’s price has been trying to push past the resistance at $1.40 for a better part of the last 24 hours, but the resistance still holds, at least for the time being.
POPCAT managed to go beyond this level in mid-November when its price managed to skyrocket to around $2, which is still its all-time high.
The increase that POPCAT saw in the last 24 hours comes with the new wave of recovery that spread throughout the crypto industry. Bitcoin has recovered around 1.5% in the last 24 hours, Ethereum 3%, and even the meme coin market is now once again in the green as traders moved in to buy the dip.
Popcat Price Prediction
As for what will happen next, the POPCAT technical indicators suggest that there is plenty of room left for growth, but for the time being, the price seems hesitant to move.
The project’s Bollinger bands have tightened a lot in the last six hours, and the price has mostly been balancing between the two bands. From time to time it would move slightly to briefly touch either the upper or the lower band, only to quickly return to the middle point and continue trading sideways.
This suggests trader uncertainty, as many are hesitant to make a move, not knowing if the market will turn bullish or bearish. Of course, from time to time, a group of traders does make a slight move, which is what is causing price fluctuations.
The project’s Relative Strength Index (RSI) shows this as well, mostly balancing at the neutral value of 50 over the last few hours, and only rarely venturing either up or down, but never by a lot.
This state of neutrality came after the price spent the entire day yesterday fluctuating between 50 and 70, the neutral and the overbought zone. Now, POPCAT’s price could go either up or down, and it awaits the rest of the market to make its move first.
Many are likely waiting to see what will Bitcoin do, as the largest cryptocurrency is slowly approaching the resistance at $98k again. If the coin ends up rejected again, it will likely start another price drop, which is likely why most traders are hesitant to start buying at this time.
On the other hand, if the coin manages to see a bullish wave and finally reaches $100k, the altcoin market would likely explode, POPCAT included.
Promising Alternative To Popcat
While POPCAT is currently experiencing a rare moment of calm, the crypto industry’s young, new, highly aggressive slapping feline, Catslap (SLAP), is blowing up.
The project pays little attention to the current market performance, and instead, its price has blown up 62% in the last day alone, and by over 184% in the last week.
Catslap exploded for two reasons — its new slapping game, and its associated Slap-To-Earn model. The project introduced a slapping game that lets you use its cat to slap various entities, such as Pepe, Chris Rock, and Kamala Harris, for the time being.
Each time you slap them, the slap is recorded to your country’s score on the Slapometer, which records each slap and acts as a leaderboard for the world’s nations.
More importantly, the Slapometer reached 10 million slaps in a few days after the game first came out, which was celebrated with a 10 million SLAP token burn. After that, the project rolled out the Slap-To-Earn model which allows users to connect their wallets to the game and earn SLAP tokens with each slap, which caused the game to blow up.
It reached 100 million slaps in only a few days after that, and the new milestone was celebrated with a 100 million SLAP burn only yesterday.
In the meantime, the project’s slapping community already pushed the Slapometer to 139 million slaps, and will likely continue to reach new milestones in days to come.
Meanwhile, the burns, the fun game, and the promise of earning have brought thousands of new SLAP holders to the project, propelling its price, volume, and market cap.
The project did suffer a small price correction after hitting $0.01 several hours earlier, but will likely return to this level in no time. In fact, even crypto experts such as TodayTrader, a YouTuber with 13k subscribers, are constantly talking about the project, predicting it as the next big thing and claiming that it might have 10x potential, or more.
Those who agree with such predictions should likely make their move soon, not least because its developer has teased a ”major announcement” is coming in 24 hours. There’s speculation that could be a listing on Coinbase or Binance.
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