Popcat Price Prediction 2024: POPCAT Price Analysis
What's next for Popcat? l Credit: Derek Fenech/CCN.com
Key Takeaways
- Popcat launched its POPCAT token in December 2023.
- POPCAT reached its all-time high recently, so where is it headed now?
- One price prediction says it will be worth $1.64 in 2025.
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 addictive 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 meme coin on the Solana blockchain. Like many meme coins, 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 and now the market wonders if it can regain that level soon.
On Aug. 9, 2024, POPCAT was worth about $0.6429.
Popcat did not respond to a request for comment.
Let’s now take a look at our Popcat price prediction. We’ll also examine the Popcat price history, and explain a little about what Popcat is and what it does.
Popcat Coin Price Prediction
| Minimum POPCAT Price Prediction | Average POPCAT Price Prediction | Maximum POPCAT Price Prediction | |
|---|---|---|---|
| 2024 | $0.58 | $1.36 | $1.41 |
| 2025 | $1.38 | $1.58 | $1.64 |
| 2030 | $4.34 | $4.76 | $4.82 |
Popcat Price Prediction 2024
If the positive momentum continues and POPCAT breaks above its moving averages, it could reach targets between $0.58 and $1.41 by the end of 2024, with the average price set at $1.36.
Popcat Price Prediction 2025
Technical analysis suggests a potential increase for Popcat in 2025. The minimum POPCAT price expected for 2025 is $1.38 while the maximum one is $1.64. On the other hand, the average forecast suggests it may reach $1.58.
Popcat Price Prediction 2030
Based on technical analysis, POPCAT may reach a maximum level of $4.82 at the beginning of the next decade, while, in the worst scenario, it may go to $4.34. Meanwhile, the average expected price is $4.76.
Popcat Price Analysis
After reaching its all-time high, POPCAT experienced a downturn. Initially, it traded sideways, hitting a lower high of $0.96 on July 27 before decisively moving downward.
By August 5, POPCAT had dropped by 74%, bottoming out at $0.26. This sharp decline pushed the asset’s four-hour RSI into the oversold zone at 28%, indicating a potential reversal.
On August 7, POPCAT rebounded from its ascending support level, climbing to a high of $0.60.
Looking ahead, there are two possible scenarios. POPCAT could either enter a new bull phase, forming a five-wave pattern that might push the price to around $0.80, or the recent rise could be corrective, ending in a three-wave ABC pattern near $0.63 before resuming its downtrend.
As the price nears its first pivot point, the prevailing upward momentum suggests that further gains may be more likely.
Short Term Popcat Price Prediction
Popcat price prediction suggests that the price could rise by 6% in the next 24 hours and by 229% in the next month, reaching $2.07 by September 8, 2024. Technical indicators currently signal a bullish sentiment, while the Fear & Greed Index stands at 48, indicating a neutral market mood.
Over the past 30 days, Popcat has experienced 14 out of 30 green days (47%) with a price volatility of 24%. Based on this forecast, now appears to be a favorable time to consider buying Popcat.
Popcat Relative Strength Index (RSI): Is POPCAT Oversold or Undersold?
Popcat Price Performance Comparisons
How Do We Make a Popcat Price Prediction?
Our price prediction for Popcat combines technical analysis tools and recognizes the logic in price cycles. We’ve primarily used the Elliott Wave Principle, which describes these price movements in their motive and correction phases.
Applied to the Popcat -specific time-frames and its price history, we can come up with the targets, although the further we project, the less accurate they are because they depend on what happens in between.
Best Days and Months to Buy Popcat
We took a look at Popcat price history and found the times when the price was at its lowest across certain days, months, quarters and even weeks in the year, suggesting the best times to buy POPCAT.
| Day of the Week | Sunday |
| Week | 6 |
| Month | March |
| Quarter | First |
POPCAT Price History
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 (August 2, 2024) | $0.6914 |
| Last month (July 9, 2024) | $0.5423 |
| Three months ago (May 9, 2024) | $0.5036 |
| Launch price (December 20, 2023) | $0.01972 |
| All-time high (July 20, 2024) | $0.9788 |
| All-time low (January 8, 2024) | $0.005106 |
Popcat Market Cap
The market capitalization, or market cap, is the sum of the total number of POPCAT in circulation multiplied by its price. On August 9, 2024, Popcat’s market cap was $617.7 million, making it the 88th largest crypto by that metric.
Who Owns the Most Popcat (POPCAT)?
On August 9, 2024, a wallet held 4.07% of the supply of POPCAT.
Richest POPCAT Wallet Addresses
As of August 9, 2024, the five wallets with the most POPCAT were
- CXDjPcrmRRi9NHnR6jweP4JJP7bxnXqoeFVj6oyYens4. This wallet held 39,882,429 POPCAT , or 4.07% of the supply.
- 3wzBvxYPzaT43xSgiiMfPAmpNsTVcoeNMZGYrCMckDwP. This wallet held 17,822,269 POPCAT , or 1.82% of the supply.
- 8XAG2NezXoeKhKkyUpb91iRYGKr1sL2Cc4X9CHD34zrV. This wallet held 15,850,000 POPCAT , or 1.62% of the supply.
- AgTy415SK7DfMxc3cdGN1imz9iP5uVMmYDaV44t2VdAa. This wallet held 15,000,000 POPCAT , or 1.53% of the supply.
- DAgkQGoh5BHYZMN4PoDL83GtrWinSZtzMfTX18MRgWEw. This wallet held 12,418,613 POPCAT , or 1.27% of the supply.
Popcat Supply and Distribution
| Supply and distribution | Figures |
|---|---|
| Total supply | 979,973,185 |
| Circulating supply (as of August 9, 2024) | 979,973,185 (100% of total supply) |
| Holder distribution | Top 10 holders own 15% of supply (as of August 9, 2024) |
From the Popcat Whitepaper
Popcat’s whitepaper hasn’t been published yet.
Popcat (POPCAT) Explained
Born from the viral sensation of a clicking cat, Popcat (POPCAT) is a cryptocurrency that capitalized on internet culture. What began as a simple, yet addictive 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.
How Popcat Works
Popcat stars Oatmeal, a domestic shorthair with expressive features. Two images of Oatmeal, one with a closed mouth and another with a hilariously edited “O” shape, ignited the internet. 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 on the public market.
Is Popcat a Good Investment?
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 any technical documentation, or whitepaper, could also serve as a red flag for some investors.
As ever with crypto, you will need to make sure you do your own research before deciding whether or not to invest in POPCAT.
Will Popcat go up or down?
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, too, that prices can, and do, go down as well as up.
Should I invest in Popcat?
Before you decide whether or not to invest in Popcat, you will have to do your own research, not only on POPCAT, but on other, related, coins and tokens such as Monero (XMR). Either way, you will also need to make sure that you never invest more money than you can afford to lose.
FAQs
Will POPCAT reach $1?
According to price predictions based on technical analysis, it may reach that level this year already.
Keep in mind it never traded above that threshold, which it neared in late-July 2024.
What is Popcat used for?
