POPCAT Market Capitalization Surpasses $1 Billion, What's on the Horizon?

2024-10-08, 12:56

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![](https://gimg2.gateimg.com/image/article/1728392714screenshot-20241008-210500.png)
According to Gate.io market data, POPCAT is currently priced at $1.24, with a 24-hour decline of 11%. It has a circulating market cap of $1.216 billion, ranking 59th in the entire <a href="/id/price" target="_blank" class="blog_inner_link">cryptocurrency market</a>, making it the first cat-themed meme coin to surpass a market cap of $1 billion. Originating in October 2020, POPCAT features a viral meme of a cat named "Oatmeal," showcased in various videos. As the highest market cap cat-themed meme coin, POPCAT has captured many netizens' hearts with its playful expression and large mouth, embodying internet culture and the thriving crypto world.

**Trading Strategies:**

**Reversal Trade**  
Direction: LONG  
Entry Price: When POPCAT drops to around the BOLL support price of $1.1929  
Strategy Features: Based on the support level formed by BOLL support, a price rebound is expected. Given a neutral market sentiment, consider establishing long positions near the support level.

**Trend Following Trade**  
Direction: SHORT  
Entry Price: When POPCAT consistently stays below the EMA (Exponential Moving Average)  
Strategy Features: Based on the downward trend indicated by the EMA, consider shorting in line with the trend. With neutral market sentiment and significant capital outflows, continuous downward gains are anticipated.
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<div>Author: **Icing**, Gate.io Researcher
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
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