Cat coins are heating up, as Popcat is 1st cat meme coin to break above $1Bn market cap, but can MOG crypto or MEW crypto dethrone Popcat?
Meme coins are here to stay, in fact, many are now calling for a meme coin super cycle – including none other than Hauk Tuah girl Hailey Welch.
If anything, one analyst predicts the total market cap of all meme coins to soar above $1 trillion in the coming years – so needless to say, the opportunity is huge.
Moreover, he thinks at least two meme coins will command a market cap of over $100 billion. If indeed this is what lies ahead, it explains the explosion of interest in the space.
The latest Coingecko data shows that all meme coins are now valued at over $59 billion, and with the bull run just getting started – as crypto prices soar, so will their valuation.
(Source)
Amid this excitement, “Dog” meme coins have been dominating, looking at the success of Dogecoin and Shiba Inu.
But now, cats are on the rise as a massive flux of interests rockets into the leading kitty contenders.
Yet Popcat became the first cat meme coin to break the $1 billion mark—but there are rivals to the crown, so let’s dig in.
Popcat: The First Cat Meme Coin To Break Above $1 Billion
Cat coins are on the map now that Popcat commands an impressive market cap of over $1.3Bn. Make no mistake, this is a massive milestone for “cat” meme coin lovers.
(Source)
The good news is that Popcat is not the only one climbing the market cap ranks. There is MOG crypto, which now has a market cap of over $780 million, and MEW crypto, which now stands at an equally alluring market cap of over $746 million.
The “CAT” and “MICHI” cat meme coins round out the top five, with market caps of $200 million and $143 million, respectively.
These assets will likely expand at this pace, and as the crypto market recovers after the hammering in Q3 2024 – things are looking up.
This matters especially as Bitcoin is picking up momentum and lifting all other altcoins, including meme coins, to fairer valuations. Yet, there are also technical hints—let’s take a look.
Popcat Rising But Faces Stiff Competition From MOG Crypto and MEW Crypto
Taking to X, one analyst thinks Popcat accumulation and may rip above the local resistance. stands to break even higher. From the candlestick arrangement, POPCAT is within an
Currently, this liquidation is at around $1.5, marking October highs. If this level is broken, POPCAT will print fresh all-time highs, lifting its market cap even higher.
Meanwhile, MOG crypto is making waves. Interestingly, the analyst who predicted that the meme coin market cap would eventually break above $1 trillion mentioned MOG. After this initial mention, the meme coin has been rallying.
One analyst on X thinks MOG is resilient and is battle-tested after remaining unfazed by the many “wild shakeouts.”
After recovering from the August 5 and 6 “bloodbath,” MOG has printed impressive higher highs.
(MOGUSDT)
The resistance is at $0.000002476, and if broken, MOG will be charting a new territory.
Similarly, MEW crypto (AKA Cat in a Dogs World) is set for explosive potential, and some consider the cat meme coin a “hidden gem.”
MEW is up nearly 140% from September lows, and if bulls press on, anchoring on the October 14 bull bar, it will rally to register new all-time highs.
(MEWUSDT)
The meme coin is among the most liquid and is listed on multiple exchanges, including OKX. This backing from exchanges and the relatively low valuation means the token could be undervalued, presenting an opportunity for traders.
(MEWUSDT)
But while cat coins are fighting for the top spot, they could now be described as victims of their own success, with many standing at high market caps that could be off-putting to some investors – this warrants a glance at lower cap gems – including a contender for Pepecoin’s crown.
Pepe Unchained Raises $20 Million: Will It Steal #3 Meme Coin Crown?
While Popcat, MOG, and MEW dominate headlines, eyes are also on Pepe Unchained – which is rapidly emerging as the biggest contender in the frog coin space.
The Pepe Unchained presale is on fire, raising nearly $20 million – testament to the interest amongst smart money investors.
Additionally, the soaring interest in the possibilities of a PEPE layer-2 ecosystem, especially from whales, explains why PEPU, its native token, is a gem.
By the end of Q3 2024, it may roar to command over $1 billion in market cap, according to analysts such as Jacob Bury.
As of October 15, PEPU is trading for just $0.00999 – a steal with 25x growth potential on the horizon.
What’s attractive is also the high staking yield of 115% and Pepe Unchained’s mission to create a layer-2 on Ethereum dedicated to meme coins only.
This is backed by an innovative layer-2 ecosystem build-out, including a cross-chain bridge, block explorer, and new grant fund named ‘Frens with Benefits’ aiming to supercharge DeFi dApp growth on the new blockchain.
To stay up to-date – engage with the Pepe Unchained community on X and Telegram.
EXPLORE: Is Billy, The Cutest Dog In Crypto, Making A Binance Fuelled Come Back?
Join The 99Bitcoins News Discord Here For The Latest Market Updates
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.