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The Popcat price plunged 10% in the last 24 hours to trade at $0.6271 as of 4.40 a.m. EST on trading volume that surged 5% to $113.3 million.
The Popcat price initially saw a surge yesterday, Aug. 29, after one of the largest crypto exchanges, OKX, announced that it added new futures for the POPCAT/USDT pair. OKX announced that the perpetual futures trading went live on its platform, driving traders in and pumping Popcat’s price.
🚨 New Futures Alert $POPCAT/USDT @POPCATSOLANA Perpetual Futures trading is LIVE on #OKX!
Trade now: https://t.co/EJ79pJLTF6 pic.twitter.com/4bJzKq6881
— OKX (@okx) August 29, 2024
However, the crypto market also saw a new bearish wave which spread quickly, pushing crypto prices down. The bearish sentiment did not last for long, and it is already letting go as most cryptos trade in the green on an hourly basis as of the time of writing. However, the bearish wave was strong enough to push Popcat’s price down by 10% on the 24-hour chart.
Moving forward, however, there are reasons to be optimistic regarding the meme coin’s price.
Popcat Price Prediction
Popcat’s price is likely to see a strong rally in the coming hours. A possible reason for this potential rally is the current shift in market sentiment, as the bulls slowly start to claim back the market from the bears. POPCAT’s listing on OKX might also contribute and push the token’s price further up than it would go if it depended on market sentiment alone.
The project’s Bollinger Bands are showing signs of widening, with the price currently fluctuating between the middle point between the upper and lower bands. This is a bullish sign, and so is the fact that the gap between the bands is expanding.
There is also the project’s Relative Strength Index (RSI) — a metric that shows whether traders are buying or selling an asset. POPCAT’s RSI value has been growing over the past 9 hours, heading from the value of 19.12, deep in the oversold zone, toward the neutral area, and then further up toward the overbought zone.
The last few hours have seen the RSI fluctuate between the neutral value of 50 and 65, which shows that there is still struggle and uncertainty. Not many traders are willing to wait for the price to go further up, and are just taking profit as soon as the RSI comes close to the value of 70, which is where the overbought zone begins.
This, in turn, suggests that many expect another drop to start in the near future, which is not a great start to a strong recovery. With that being the case, traders are advised to be cautious, as the POPCAT price could correct once again if others decide that the recovery will be a brief one, and sell their POPCAT tokens.
Those who are willing to HODL might yet see the token’s price increase back to the resistance at $0.65 and potentially go further up.
Promising Alternative To Popcat
Those who are not willing to take the risk and stick to Popcat during highly volatile times have another option. A different route to explore would be to consider buying Base Dawgz (DAWGZ) — a brand new meme coin that just completed its ICO a few days ago.
The $DAWGZ presale has ended!
You are still able to buy the token at listing price if you so wish. Please stay tuned for more info.
DEX launch date: 4 September 2024, 5pm CET 🪂 pic.twitter.com/B9gFx6Yju6
— Base Dawgz (@BaseDawgz) August 28, 2024
While the official presale is over, the token is still waiting for its first DEX listing, which is scheduled to take place in about five days. Until then, Base Dawgz gives investors the opportunity continue buying its DAWGZ token, which is currently selling for $0.008582. The presale was quite successful, raising more than $3.19 million, as many investors expect great things from Base Dawgz.
Popular crypto YouTubers such as ClayBro have often recommended it as a high-potential meme coin worth accumulating.
The project attracted attention thanks to its multi-chain nature. While it was developed on the Base blockchain, once it goes live, it will run simultaneously on five different blockchains. In addition to Base, the networks the meme coin will be present on include Ethereum, Solana, Binance Smart Chain, and Avalanche — some of the crypto sector’s largest and busiest blockchains.
Each of these blockchains has its own unique features, benefits, and opportunities, and the DAWGZ token will allow users to access all of them through one meme coin. Furthermore, users will be able to easily move money from chain to chain thanks to Base Dawgz’s use of multi-chain technologies such as Wormhole and Portal Bridge.
All of this stands to improve interoperability in the meme coin space and among the supported blockchains, which is why Base Dawgz is expected to see a major price surge upon launch.
Visit DAWGZ’s official website here.
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