Popcat has shown strong performance compared to other meme cryptocurrencies, with a 3.3% increase in the same period. On May 4th, it reached an all-time high of $0.6840.
However, it is currently trading at $0.5844, which is 12.5% below its peak. Its all-time low was $0.0408 on Jan. 5, making the current price 16,417.60% higher than its lowest point.
At present, Popcat is trading at $0.5844, with a 24-hour trading volume of $49,458,132 and a total supply of 979.98 million POPCAT tokens. The outlook for Popcat appears positive, with the price expected to range between $0.3922 and $0.9363, averaging around $0.6834.
Popcat tokens can be traded on various centralized crypto exchanges, including Crypto.com Exchange and Gate.io, and recent listings and trading competitions have contributed to the price surge. On the other hand, Dogecoin and Shiba Inu have not performed well, with a strong positive correlation with Bitcoin.
The technical analysis suggests a bearish outlook for these meme coins, with declining network growth for Dogecoin and indications that SHIB whales and investors are offloading holdings. As a result, both Dogecoin and Shiba Inu have dropped in the cryptocurrency rankings by market capitalization.
Despite this, both Dogecoin and Shiba Inu have relatively healthy 365-day MVRV ratios, indicating profitable holders. However, their potential for recovery depends on a strong rebound in the broader cryptocurrency market.
Regarding price predictions, Shiba Inu’s price may reach resistance levels of $0.00002591, $0.00002966, and $0.00003719 before the end of 2024, if the current trend continues. However, if the trend reverses, the price could fall to support levels of $0.00001358 and $0.00001629.
At press time, Dogecoin trades at $0.1224, while Shiba Inu exchanges hands for $0.00001700.
