The post Popcat Rises 2X in a Month But Top Traders Believe this Meme Coin Could Outperform it appeared first on Coinpedia Fintech News
The crypto market has taken a hit, but meme coins continue gaining. Popcat is one of the strongest, with a 7% pump today, 33% this week, and 105% this month.
Analysts are also pointing to Crypto All-Stars ($STARS) as the next project that could provide big gains, with its presale just surpassing $2.1 million.
Popcat Surges 125%, Outpacing WIF and Other Top Meme Coins
Popcat is thriving this month, up by 125%.
Its performance well outpaces rival meme coins such as Dogwifhat and Pepe, which are up 61% and 30%, respectively.
The growth of Popcat stems from the support of rising star influencer Murad Mahmudov, who gained notoriety for a presentation about a “meme coin supercycle” during the TOKEN2049 summit in September.
Murad has provided countless reasons he is backing Popcat, such as it’s a favourite among Asian investors, which is crucial given the rising liquidity in the Chinese market.
He also points out the growing appetite for meme coins outside of the ‘dog coin’ meta.
“The ‘Cats repricing against Dogs’ narrative is attractive,” he said.
Combine this with the following facts:
1) POPCAT is particularly popular in Asia
2) China has recently started to stimulate its economy
3) Chinese risk assets are mooning
4) GCR prophesied this to be a Cat + Asia cycle
5) “Cats repricing against Dogs” narrative is attractive https://t.co/zrI0RfDNPm— Murad
(@MustStopMurad) October 6, 2024
Meanwhile, analyst W3Q hailed Popcat’s ability to hold firm amid market turmoil last week, caused by conflict in the Middle East and a proceeding Bitcoin selloff.
The analyst then called Popcat the “Doge of cats,” and said it is about to embark on a “doge-like run.”
Currently, Popcat is trading at $1.3, up 9% today and 30% this week. It holds a $1.27 billion market cap and a $136 million 24-hour trading volume, up 22% today.
Popcat’s success reflects a swelling interest in alternative meme coin categories.
Others like SPX6900 (a meme coin stock parody project), and GigaChad (a culture coin) have also experienced significant gains this month.
However, the meme coin sector’s fast-paced nature can make it challenging for investors to keep up.
This is why Crypto All-Stars is experiencing notable interest, providing diversified exposure to 11 of the top meme coins that its platform supports.
Crypto All-Stars to generate 10X gains after presale, says Top Analyst
The presale has caused a ruckus since its inception.
Analysts quickly picked up on Crypto All-Stars, captivated by its position as the only unified staking app for meme coins.
Austin Hilton even said it’s his “favourite presale” because of this utility.
However, Jacob Bury provided a price prediction, speculating that $STARS could 10x after its presale.
It’s uncertain when the ICO will end, but Austin Hilton says it might be soon.
It’s taking place at a fixed rate., but the price will be determined by supply and demand forces once it is listed on exchanges.
This is when the price could explode and hit Bury’s 10x target, which would well outpace Popcat and other top meme coins.
We should also note that other traders are considering even more gains. For instance, Umar Khan from 99Bitcoins says that $STARS can be 100x in price.
Austin Hilton noted that Crypto All-Stars has “one of the best utility drivers that a meme coin has ever had.”
Factoring in that they’ve raised just $2.1 million so far, Umar Khan’s 100x prediction should not be ruled out.
How does the Crypto All-Stars staking app work?
Crypto All-Stars’ staking app will be called “MemeVault.” It’s essentially a multi-token staking contract that lets you generate $STARS rewards on different meme coins.
It’s built upon robust tokenomics, ensuring that $STARS’ supply and demand dynamics are geared to long-term price appreciation.
Here’s how it works:
Users must hold $STARS to access MemeVault, and their rewards will be directly tied to how much they have.
Once they have it, they can deposit meme coins like Dogecoin, Pepe, Shiba Inu, Floki, and more and will start generating rewards.
25% of the total $STARS supply has been allocated to MemeVault rewards.
It’s a setup that incentivizes meme coin enthusiasts to invest in $STARS while encouraging long-term holding, which will minimize selling pressure.
Coupled with the demand for $STARS tokens, this creates an environment where everyone wants tokens, and nobody wants to sell them – remember, the more you hold, the more you can earn.
And utility is not the only demand source for $STARS. As with all meme coins, speculative traders will likely invest in the token, too.
Stake $STARS tokens at presale and earn a 682% APY
Investors can also stake their $STARS in the project’s native token staking contract.
$STARS staking is live and currently provides a 682% APY.
However, this will decrease as more people stake their tokens, incentivizing investors to join early.
So far, 1 billion $STARS have been staked, illustrating a strong appetite for the utility-rooted meme coin.
At the same time, the Crypto All-Stars presale price will gradually increase.
It’s available today at $0.0014947, but this will rise in two days.
To put investors’ minds at ease, Crypto All-Stars has undergone rigorous auditing from security firms Coinsult and Solid Proof. Neither audit found any issues with the project’s code.
With an industry-first use case, expert support, and innovative tokenomics, everything is in place for $STARS’ success
Join thousands of other Crypto All-Stars community members on its X account or Telegram channel. Alternatively, visit its website to buy and stake tokens.
Visit Crypto All-Stars Presale
