Key Takeaways
Popcat (POPCAT) is a cryptocurrency project born from the viral internet meme featuring Oatmeal, a domestic short-haired cat known for its comical “popping” mouth motion. The meme gained widespread popularity and was later adapted into an game where users click on the cat’s image to make its mouth open and close, contributing to their nation’s standing on a global leaderboard.
Capitalizing on the meme’s success, Popcat was launched as a memecoin on the Solana blockchain. Like many memecoins, its value is largely driven by community engagement and speculative interest rather than any inherent utility or intrinsic value.
Popcat recently reached its all-time high, trading at $1.81 on October 29. The crypto’s market cap has also risen, breaking past the $1 billion mark in early October.
On Nov. 13 2024, POPCAT was worth about $1.45.
Let’s now take a look at our Popcat price prediction. We’ll also examine the Popcat price history and explain what Popcat is and what it does.
Let’s examine CCN’s POPCAT price predictions from Nov. 13. We will use the wave count method to create our predictions and add and subtract 20% from the final target to arrive at the minimum and maximum POPCAT price predictions.
Minimum POPCAT Price Prediction | Average POPCAT Price Prediction | Maximum POPCAT Price Prediction | |
---|---|---|---|
2024 | $1.19 | $1.47 | $1.75 |
2025 | $0.80 | $1 | $1.20 |
2030 | $5.15 | $6.40 | $7.65 |
The most likely wave count suggests that POPCAT started a five-wave increase (white) in April 2024. Since wave one is a three-wave structure, it could be a leading diagonal.
If the count is accurate, POPCAT completes wave three in this increase. The sub-wave count is in black, showing an extended wave three.
A potential target for the top of wave three is at $1.73, created by giving it 1.61 times the length of wave one.
Then, the entire structure could end at $2.48, the 2.61 extension of wave one.
If POPCAT begins a correction with the same duration, it could continue falling until December 2025.
The wave count method gives POPCAT price predictions of $1.47 and $1 for the end of 2024 and 2025.
We will then use the rate of increase from launch to the projected price at the end of 2025 to make a POPCAT price prediction for the end of 2030.
Doing so leads to a target of $6.40 for the end of 2030.
The POPCAT wave count gives a price prediction range between $1.19 and $1.75 for the end of 2024.
The POPCAT wave count predicts a price range between $0.80 and $1.20 by the end of 2025.
Using the daily rate of increase, we arrive at a POPCAT price prediction range between $5.15 and $7.65 for the end of 2030.
The daily time frame POPCAT analysis shows the price broke down form an ascending support trend line that existed since the start of September.
After breaking down, the price validated the trend line as support twice (black icons) before creating a bearish engulfing candlestick on Nov. 13.
The drop was preceded by a bearish divergence in the Relative Strength Index (RSI), whose trend line is still intact (green).
If the downward movement continues, the next closest support area will be at $1.20.
The POPCAT price prediction for the next 24 hours is bearish. POPCAT could gradually decline toward the closest horizontal support at $1.20.
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days. A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility.
Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.
On Nov. 13, 2024, Popcat’s ATR was 0.1219, suggesting relatively high volatility.
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold.
Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On Nov. 13, 2024, Popcat’s RSI was at 43, indicating a somewhat bearish sentiment.
The CCN Strength Index combines an array of advanced market signals to quantify the strength of individual cryptocurrencies over a recent 30-day period.
Every day, it assigns a strength score, ranging from 0 to 100, to the top 500 assets by market capitalization on CoinMarketCap, focusing on both trend direction and the intensity of price movements.
The index dynamically adapts to rapid changes. For example, an asset experiencing a 100% increase within a short timeframe would see a sharp jump in its score to reflect the intensity of the rise.
However, should that asset stabilize at this new price level, the score will gradually taper down and align with the dampened momentum as the movement normalizes. The same principle applies to rapid declines: a sudden drop will spike the score downward, but as volatility decreases, the score will slowly adjust back up.
On Nov. 13 2024, POPCAT scored 30.8 on the CCN Index, suggesting relatively weak momentum.
POPCAT CCN Index | Credit: CCN
Popcat is a Solana-based memecoin, so comparing its performance to other Solana-based memecoins makes sense.
Following that, let’s now take a look at some of the key dates in the Popcat price history . While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when it comes to either making or interpreting a Popcat price prediction.
Time period | Popcat Price |
---|---|
Last week (Nov. 6, 2024) | $1.65 |
Last month (Oct. 13, 2024) | $1.51 |
Three months ago (Aug. 13, 2024) | $0.5828 |
Launch price (Dec. 21, 2023) | $0.01739 |
All-time high (Oct. 29, 2024) | $1.81 |
All-time low (Jan. 3, 2024) | $0.00383 |
The market capitalization, or market cap, is the sum of the total POPCAT in circulation multiplied by its price.
On Nov. 13, 2024, Popcat’s market cap was $1.42 billion, making it the 61st-largest crypto by that metric.
On Nov. 13, 2024, one wallet held more than 6.5% of the supply of POPCAT.
As of Nov. 13, 2024, the five wallets with the most POPCAT were
Supply and distribution | Figures |
---|---|
Maximum Supply | 979,973,220 |
Circulating supply (as of Nov. 13, 2024) | 979,973,184 (99.99% of maximum supply) |
Holder distribution | Top 10 holders own 20.47% of supply as of Nov. 13 2024 |
Popcat’s whitepaper hasn’t been published yet.
Born from the viral image of a cat, Popcat (POPCAT) is a cryptocurrency that capitalizes on internet culture. What began as a simple online game where users clicked on a cat’s image to boost their country’s score transformed into a speculative digital asset on the Solana blockchain.
With no underlying utility or intrinsic value, POPCAT’s success hinges entirely on community enthusiasm and market sentiment, making it a prime example of a memecoin.
Popcat stars Oatmeal, a domestic shorthair with expressive features. Two images of Oatmeal, one with a closed mouth and another with an edited “O” shape, became a meme. This simple visual magic trick took off on Instagram, where users synced the meme with music videos, making it appear like Oatmeal was belting out a tune.
The token can be bought, sold, and traded publicly.
It is hard to say. Popcat has generated some buzz, but, as is often the case with memecoins, we don’t know how long this will last. Certainly, the absence of technical documentation or whitepaper could also be a red flag for some investors. Although POPCAT recently traded at an all-time high, it has fallen since then.
As always with crypto, you should do your own research before deciding whether or not to invest in POPCAT.
No one can really tell right now. While the Popcat crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up.
Before deciding whether to invest in Popcat, you must do your own research on POPCAT and other related coins and tokens, such as Shiba Inu (SHIB). Either way, you must also ensure you never invest more money than you can afford to lose.
Technical analysis by Valdrin Tahiri.
If it does, it won’t be until the 2030s at the very least.