Home Popcat (POPCAT) Drops After Recent Rally: Should You Buy the Dip?

Popcat (POPCAT) Drops After Recent Rally: Should You Buy the Dip?

In recent weeks, Popcat (POPCAT) on Solana has outpaced the meme coin market, reaching close to a new all-time high of $1.5 in early October.

However, this upward trend was short-lived, as the price quickly retreated and has yet to regain its previous peak.

While today’s dip presents a potential buying opportunity, Popcat remains a strong performer with substantial gains.

The question remains: is this the end of the POPCAT price rally? Let’s find out in this article with a thorough analysis.

Popcat (POPCAT) price prediction

Popcat is down 8% earlier today but remains up 11.36% for the week and an impressive 42.60% for the month, highlighting its growing popularity. As the meme coin frenzy continues, the question arises: can Popcat on Solana climb the charts to become a top meme coin?

Signs suggest it could, with Popcat still ranking among the top 100 24-hour gainers despite today’s red trend. With a market cap of $1.45 billion and increasing popularity, Popcat is rapidly becoming a favorite.

Recently, it even outpaced Floki as projected and appears ready to overtake Bonk soon, potentially joining the top five meme coins—a category dominated by established names. Popcat on SOL is gaining momentum and seems prepared to challenge key players in the meme coin space.

Popcat faces a significant dip today, falling roughly 9%. This downturn might offer a buying opportunity, especially given the meme coin market’s overall strength. Technical indicators, including strong buy signals and positive moving averages, further support this outlook.

Popcat has been leading the meme coin race, potentially becoming a top-five contender within days. Although its recent dramatic rise was bound to correct, the long-term outlook remains bullish. Its impressive one-year chart underscores its potential for continued growth.

Popcat Price Graph

Surpassing Bonk in market cap could trigger a major ripple effect, and reaching dogwifhat levels would cement its position as a top-three new-generation meme coin. Popcat’s momentum shows in both its price action and its expanding social media presence.

The recent addition to Kraken Pro and rising popularity among influencers further solidify its market position. As Popcat continues to outperform other popular meme coins like Floki, it’s building substantial traction and positive sentiment.

The recent all-time high, surpassing both Bonk and Floki, signals strong bullish momentum, despite a subsequent 17% pullback. With a market cap of $1.4 billion, Popcat’s rapid growth and strong online presence position it as a potential top-tier meme coin and a household name.

A new player in the meme coin space: Pepe Unchained (PEPU)

As Popcat dips, creating a potential buying opportunity, Pepe Unchained (PEPU) is also making waves in the meme coin market. Pepe Unchained’s presale has been moving rapidly, reaching nearly $22.5 million raised so far.

This fast-growing meme coin has attracted both casual traders and seasoned investors eager to buy in at the current price of $0.01178, expecting a post-launch surge. The project’s staking protocol, offering a 101% APY, is also grabbing traders’ attention.

Even big investors are getting involved; one whale recently invested 19 ETH (around $51K) in a single transaction, according to Etherscan data. These early backers are betting on Pepe Unchained’s potential to deliver impressive returns.

The funds raised in the presale are fueling the development of a new Ethereum Layer 2 blockchain. Pepe Unchained’s Layer-2 chain, Pepe Chain, aims to be 100x faster than Ethereum, while significantly lowering transaction costs.

Last week, Pepe Unchained posted a Twitter thread that energized its community. The project isn’t slowing down; instead, it’s evolving into a full ecosystem. The team recently updated their website with a new hub for upcoming blockchain projects.

They also launched the “Pepe Frens with Benefits” developer grant program to support developers who want to build on Pepe Chain. This grant program, which is simple to apply for through a short form on their website, is set to attract fresh talent.

The “Pepe Unchained Council” will review applications and choose promising projects to support, aiming to drive significant user growth once Pepe Chain is fully live. Pepe Unchained is setting the stage for big changes, potentially redefining the meme coin space.

After the presale, Pepe Unchained will list on decentralized exchanges (DEXs), though specific dates and platforms remain undisclosed. Some analysts believe it could offer 100x returns once it reaches the exchanges.

To participate in the $PEPU token presale, go to pepeunchained.com.

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Alvin Hemedez
Crypto Writer

Alvin Hemedez is a cryptocurrency analyst, finding a talent for the technical side of blockchain with his background and degree in Industrial Engineering. Hailing from Los Baños, Calabarzon in the Philippines, Alvin's work experience includes managing the eCommerce side of Shopee PH, Singapore and South East Asia's equivalent of Amazon with a base in the Philippines. Alvin's current news coverage on ReadWrite includes a special focus on emerging projects and new ICOs.

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