Cat-themed Popcat (POPCAT) just flipped Solana favorite Bonk (BONK) – adding another twist to the ongoing meme coin trend.
With Bitcoin (BTC) pushing past $72,000, these coins are proving they can be serious profit-makers in this current cycle.
But are newer meme coins really the best altcoins to buy now?
Popcat Passes Bonk as Solana’s Second-Largest Meme Coin
Popcat has officially overtaken Bonk in the Solana meme coin space.
With a price of $1.72, Popcat is now the second-largest meme coin on the Solana blockchain.
The popular cat coin boasts a market cap of $1.6 billion – pushing past Bonk’s $1.5 billion after a 14% jump since yesterday.
Popcat’s stats are mind-blowing.
Over 83,500 wallets now hold the coin, with today’s trading frenzy racking up more than 370,000 transactions.
But what’s fueling all this activity?
There isn’t one clear catalyst since it seems a mix of pure momentum and FOMO has led investors to gain exposure to POPCAT.
Still, that hasn’t stopped some big names from making price predictions.
Famous meme coin trader Murad tweeted earlier today, speculating that POPCAT could hit $5 soon.
That would represent another 190% increase from the current price.
Although this seems outlandish, these predictions often come true when discussing meme coins.
Bitcoin Price Rockets to Five-Month High on ETF Inflows & Political Factors
Bitcoin is on a tear, blasting past $71,800 and hitting its highest price in almost five months.
This is massive news for crypto bulls.
The coin’s price has jumped 5% in just a day, and trading volumes have gone wild – hitting $54.1 billion since yesterday.
And it’s not just spot trading; futures traders are piling in too, pushing open interest to a record-breaking $23.7 billion.
The main reason for this surge is a mix of politics and big institutional money.
According to betting markets, Trump is likely to win the election, and that’s got investors excited.
He’s been upbeat about crypto in recent months, and markets like that kind of predictability.
At the same time, traditional finance is still pouring money into spot BTC ETFs.
An enormous $3.8 billion has flowed into these funds in the past two weeks alone, with $479 million rolling in just yesterday.
CoinShares data also paints a bullish picture.
Investment funds raked in $901 million last week, and Bitcoin products snagged most of that total.
Investors are undoubtedly betting big on crypto’s future.
Crypto All-Stars Aims to Outperform Altcoins with Enormous Meme Coin Staking Rewards
Alongside Bitcoin, meme coins have been grabbing a lot of attention lately.
And many are wondering if these coins are the best investment to make right now.
The buzz around them can’t be ignored.
While some established altcoins aren’t able to match BTC’s rally, new meme coins like GOAT are delivering the type of returns that get people excited.
However, there’s a caveat – most of these coins are totally useless.
That’s where projects like Crypto All-Stars (STARS) are trying to shake things up.
Instead of relying on hype, Crypto All-Stars is building something more substantial: a “MemeVault” that allows traders to stake popular meme coins like DOGE and SHIB.
For doing so, stakers will receive STARS – Crypto All-Stars’ native token.
This staking setup has been well-received by investors, helping the project’s presale raise over $2.8 million so far.
Those who buy STARS tokens during the presale can get in at a lower entry point relative to the eventual DEX listing price.
All that’s required is a crypto wallet and some ETH, USDT, BNB, or a bank card.
But the question remains: can a new project like Crypto All-Stars truly outperform established altcoins?
The experts at 99Bitcoins think so – speculating STARS’ price could “100x” once it launches.
Only time will tell if that prediction proves accurate.
Yet, with Crypto All-Stars’ hype building, it’s certainly a project worth watching.