Popcat Price Prediction: POPCAT Plunges 4% As Investors Pivot To This Vote-To-Earn Meme Coin With 3,356% APY

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Insidebitcoin2024/10/09 16:47

coin_news.by:Insidebitcoin

The Popcat price plunged 4% in the last 24 hours to trade at $1.2459 as of 00:26 a.m. EST on trading volume that plummeted 30% to $108 million.

This comes despite the meme coin space climbing 2% in the last 24 hours to reach a market capitalization of $53 billion.

Popcat Price Could Rebound

After a breakout from a consolidation range (highlighted by the yellow box), the Popcat price rallied strongly before pulling back slightly. The upward move was sharp, and now the price seems to be stabilizing around 1.24, according to data from GeckoTerminal .

This could indicate the start of a new consolidation phase, or it may prepare for another leg up. Despite the slight correction from the $1.47 resistance, the price of Popcat still trades above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the continued bullish rally.

Meanwhile, the Relative Strength Index (RSI) is currently around 50.30, which is a neutral zone. This indicates that there’s no strong overbought or oversold condition at the moment.

After previously reaching higher levels (around 70-80), which would have stated an overbought condition, the RSI has cooled off, which could suggest the price is resetting before another potential move up.

POPCATUSD Chart Analysis Source: GeckoTerminal.com

Popcat Price Prediction

According to POPCAT/USD chart analysis, the Popcat price seems to be on a rebound, after consolidating within the $1.24 range. If the bulls keep pushing the price of Popcat up, POPCAT could soar even higher, as the bulls target $1.67.

However, if the bears breach the current consolidation range, the Popcat price could go through a correction back to the $0.87 support (200-day SMA).

Meanwhile, as the Popcat price slumps, some investors are turning to presale meme coins like the newly launched Flockerz (FLOCK) .

New Presale Flockerz Raises Over $559K – Next Crypto To Explode?

Offering a fresh and unique concept with its vote-to-earn (VTE) platform, Flockerz is a newly launched meme coin that has already raised over $559K in its presale.

While decentralization is often associated with meme coins, no token has yet empowered its community to be the key decision-makers of the project – until now.

With its industry-first vote-to-earn mechanism (V2E), Flockerz gives its community the wheel to steer its direction, while actually paying them with FLOCK tokens for their votes on key decisions.

This welcome addition to the meme coin space contrasts with all the projects that have a single decision-maker, or a small number of leaders. And it’s prompted Flockerz to call itself “The People’s Meme Coin.”

At the project’s core is FlockTopia, the project’s decentralized hub that empowers every token holder to have a direct say in the project’s direction.

Buy And Stake $FLOCK, 3,356% Annual Return

Apart from the V2E rewards, users can also earn passively through the platform’s staking mechanism, with an annual percentage yield (APY) of 3,356%. Over 53 million $FLOCK tokens have already been staked.

According to 99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, $FLOCK has the potential to soar 100X after its launch.

To join The Flock, you can buy $FLOCK tokens on the official website here for $0.005724 each using BNB, ETH, USDT, or a bank card.

Buy before a price hike in a little over 18 hours to lock in the best deal.