Cat Coins Popcat, MEW Eat Dogecoin’s, Shiba Inu’s Lunch With Gains Of Over 30%: What Is Going On?
By Benzinga
Cat-themed meme coins are surging off the back of a major cryptocurrency rally, outperforming their dog-themed meme coin rivals.
What Happened: In the past 24 hours, Popcat (CRYPTO: POPCAT) and Mew (CRYPTO: MEW) collected gains of 36% and 33%, respectively.
For comparison, Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are up 7% and 10%, respectively. The meme coin sector as a whole is up 10%.
Crypto trader RookieXBT predicts Popcat to become the fifth-largest meme coin. Prominent meme coin trader Unipcs sees incredible strength and is bullish on the entire cat-themed meme coin sector, which he sees as undervalued.
Another crypto trader Wick noted Popcat breaking out to a higher level.
One crypto trader connects MEW’s price momentum to that of Solana, suggesting it can see a similar uptrend. He said that the token has been in consolidation for 144 days, with more than $100 billion in trading volume and thinks “it can do numbers.”
Another trader sees MEW as a good option for a swing trade.
Mew has been listed on Korean digital asset exchange Upbit, while Popcat has been listed by KrakenPro exchange for spot trading.
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