Memecoins Resurgence? POPCAT And MEW Lead The Way With 20% Surge

As the crypto sector solutions in on this neoteric phase of the crypto cycle, some memecoins have attested ridiculous suitability over the last couple of days.

Cat-concept tokens have certainly flourished in magnitude during this bull rushed, wearing some, like Cat in a Mutt’s Earth (MEW), rendering it to the top 10 memecoins list. Other feline-inspired tokens like Popcat (POPCAT) and Wen (WEN) have had a remarkable week after current collaborations that induced the rate to spurt by 20% overnight.

Was The Memecoin Boom Sustained By Bitcoin?

The memecoins sector possesses been controlled by mutts, wearing tokens like Dogecoin (DOGE) and Shiba Inu (SHIB) being the front runner memecoins for the last couple of years. Throughout this bull cycle, pet-themed tokens like Bonk (BONK) and dogwifhat (WIF) have been the talk of the territory, and some of the tokens wearing the best suitability.

Contemplating that its launch in January 2023, Bonk possesses reinforced about 4291%, while WIF possesses soared about 1512% offered that December 2023. Alternatively, the sector possesses attested remarkable capabilities wearing cryptocurrencies like PEPE and Reserve of Meme (BOME).

Bitcoin (BTC) possesses controlled this cycle along with memecoins, as underscored by top crypto analysts like Alex Krüger and Altcoin Sherpa. But, their suitability possesses been awfully co-pertinent to BTC’s in most peels.

#BTC this week image.twitter.com/stjHKi1nR4

— naiive (@naiivememe) Could 3, 2024

The rest of the sector possesses gone down wearing Bitcoin whenever the front runner cryptocurrency challenges a solid backtrack. Consequentially, once BTC possesses reclaimed, most areas, entailing memecoins, have reclaimed their levels. It’s worth preserving in subconscious that some tokens like Popcat have reoccurred to execute well, also during the current rally stagnations.

On Thursday, Bitcoin beneficially tested the $59,000 resistance level after spending most of Could’s first days hovering between $57,000-$58,000. In the last hours of the day, the best cryptocurrency seemingly revolutionized the resistance level proper into a stabilize stretch, pumping the rate of opposite memecoins.

As a expire upshot, the memecoin sector was 9.46% upwards on Thursday evening. Similarly, kitty-themed tokens were upwards by 22.09% wearing a sector capitalization of $1.581 billion, per CoinMarketCap information.

Cat-Themed Memecoins Steal The Lead With Popcat

Regardless of overcoming the memecoins sector, pooch-inspired tokens have wasted some progression versus the boosting magnitude of feline-inspired ones. While the kitties’ tokens had provoked over 20% in the previous 24 hours, the mutts’ sector lone reinforced 3.7% in the splendidly same timeframe.

Over the last couple of days, kitty-themed memecoins have been amongst the top gainers in the crypto sector. For instance, Popcat possesses hugely kept its upward trajectory during the current backtrack and in accumulation signed upwards wearing the top 10 memecoins list.

Popcat, which seems to be structure a faithful metropolitan, possesses evenly attested double-digit gain percents this week. As reported by SolanaFloor, the token temporarily flippled BOME wearing its $570.3 million sector capitalization.

Alternatively, as Bitcoin retrieved the $59,000 level, the kitty-themed token saw a 31% rate spurt in the day-to-day timeframe. This rendered Popcat the best gainer amongst the top 10 memecoins.

According to memecoin specialist Murad, Popcat will spurt to $5-10 in the short-term as “the Crowned Apex Cat.” As the token retrieved to its all-time high (ATH) of $0.618 on Thursday, the trader underscored opposite targets, entailing a incurable $20 situation.

Murad’s protrusion for POPCAT. Source: X

Murad supposes the token “to attend $1 proper away” next off time it closes above $0.63. Per the analysts, “It’s Cat Period kid and $POPCAT is in manipulate.”

MEW Sticks around A Newfangled-fashioned Cat

A month ago, MEW signed upwards wearing the mutts’ pack after becoming the eighth best memecoin by sector capitalization. Contemplating that after that, the lonely kitty’s suitability possesses battled, wearing a 51.8% and 28.4% rate windstorm down in the monthly and weekly timeframes.

Regardless of the current diminish in suitability, the token possesses stuck around one of the hottest reveals amongst altcoins. On Monday, crypto mart Bidget crowned MEW as the most searched altcoin on the mart, overcoming PEPE and SOL on the “#BidgetTrendingSpot.”

At the time of writing, the token possesses attested a ridiculous 12% rate recovery in the last 24 hours, currently trading at $0.00424.

POPCAT is trading at $0.5389 in the weekly chart. Source: POPCATUSDT on TradingView