Solana meme coin Popcat has been one of the hottest tokens in the crypto market lately, gaining 11% in the past 24 hours and looking unfazed by the recent market volatility. The $POPCAT token is now the 8th-largest meme coin by market cap, trading at a price of $0.6127.
The question on traders’ minds now is how high can Popcat go? We’ll offer our own forecast for $POPCAT and highlight another coin, PlayDoge, that has the potential to deliver even bigger gains for meme coin traders.
Popcat Surges Despite Bear Market, We Predict $1.08 Price Target
$POPCAT’s rise has been one of the great meme coin success stories of 2024. The token launched in December, at the height of the Solana meme coin frenzy, but it wasn’t until March that the token attracted attention.
Since then, $POPCAT has steadily moved up the meme coin charts, pushing its way all the way to #8 by market cap after competitors like Book of Meme and Cat in a Dog’s World were hit hard by this week’s market crash.
Before the downturn, $POPCAT traded at an all-time high of $0.9976, just narrowly missing the $1 threshold. While it’s down 39% from that price level today, we think Popcat’s time has come to smash through the $1 resistance level and solidify its standing among the top 10 meme coins.
Technical analysis indicates that $POPCAT has strong bullish momentum, with a rising MACD and an RSI of 45, which suggests that $POPCAT’s price hasn’t gotten overheated yet. Trendline analysis of the 4-hour chart shows that the token remains above a rising trendline, and the token’s consolidation pattern over the past day could provide the base for a strong move upward.
$POPCAT is likely to encounter resistance at $0.97, but we think the token could finally smash through this given its recent strength. Based on the head and shoulders pattern created during Popcat’s last flirting with $1, we forecast a price target of $1.08 by the end of August.
That suggests a potential price gain of 76% for $POPCAT within the next few weeks.
Notably, our analysis aligns with that of other crypto analysts. In July, crypto analysis platform Cryptonary forecast an all-time high for $POPCAT within 3-6 months. Our $1.08 price target could be the first step in a more sustained upward push.
Back in Dec 2023, we called $POPCAT at $0.04
— Cryptonary (@cryptonary) July 18, 2024
This week, it smashed its all-time high, hitting $0.90
We believe the narrative is very strong here and expect substantially higher prices in the coming 3-6 months 🐱 pic.twitter.com/tUBTTYSBkB
PlayDoge Presale Raises $6M Amid Predictions for 10x Gains
Popcat may be the top 10 meme coin with the most potential to pump, but it’s still a large-cap meme coin. A best-case scenario for $POPCAT results in the token roughly doubling in value from today’s price.
Meme coin traders looking for more explosive gains need to focus on new and emerging meme coins, which have a history of delivering life-changing gains for early investors. (If you had bought $POPCAT in February, before it started rising, our $1.08 price target would represent a 135x gain.)
One of the most promising new meme coins to buy today is PlayDoge, which just blew past the $6 million milestone in its ongoing token presale.
PlayDoge is building a play-to-earn crypto game modeled on the hugely successful companion pet game Tamagotchi. In PlayDoge, players can take care of a virtual doge pet and earn $PLAY tokens as a reward. $PLAY can be redeemed for in-game upgrades, making it even easier to earn more $PLAY.
PlayDoge stands out for its viral potential—it combines the incredibly popular doge meme with the game mechanics of Tamagotchi, which sold more than 82 million devices at its peak in the 1990s. Plus, PlayDoge has made significant improvements to the original Tamagotchi, including offering side adventures to make its game more engaging and mobile apps for iOS and Android.
Only players who hold $PLAY tokens will be eligible to play and earn, which makes the PlayDoge presale such an exciting opportunity. Right now, early investors can buy $PLAY at a discounted price of $0.00527 and stake their tokens to earn 77% APY rewards.
Meme coin analysts like Jacob ‘Crypto’ Bury have been heaping praise on PlayDoge since the start of the presale, predicting it could be the next token to deliver a 10x gain or more after launch.
PlayDoge has also gotten accolades from prominent analysts like Matthew Perry, Oscar Ramos, and Zach Humphries.
This is a meme coin that traders won’t want to miss. Join the PlayDoge presale today to lock in the best price for $PLAY and be among the first to get access to the PlayDoge play-to-earn game.
