Popcat (POPCAT) is one of the newest trending meme coins that received a lot of attention recently out of all cryptocurrencies.
Popcat (POPCAT) is one of the newest trending meme coins that have garnered a lot of attention recently out of all cryptocurrencies. Currently trading at $0. 5544, Popcat has seen an increase of 2 over the last 24 hours. 14%, an increase that is still improving year by-year due to interest in its product and other meme based coins as a pump and dump asset. However, considering that it is a meme coin, even such a small percentage increase would be quite a significant jump in Shiba Inu’s value.
Ranked 98th by Largest Market Cap, Popcat has a market capitalization of $543,317,119. This puts it among the top 100 most valued tokens, a large accomplishment for a token that relies on references to internet memes and viral content to remain popular. Market capitalization is another important criterion that shows the coin’s value in the market; in Popcat’s case, this figure seems to reflect the high level of trust from investors and ability to enter narrow focused communities that are interested in Meme coins.
Popcat has seen a very interesting increase in 24-hour trade volume, being up 154. 77%, reaching $82,287,232. This significantly increased trading activity points towards Popcat Or Popcat having more engagement and liquidity — two features that are linked to meme coins. The volume to market capitalisation ratio I analyze stands at 15. 15% is quite high showing high level of liquidity and active trading of stocks in the market. This ratio is crucial for determining the level of mobilization of a given coin and according to this aspect, it is clear that many investors in Popcat are interested to trade it intensively within the short-term, likely due to speculation and/or social media trends.
The circulating supply of Popcat is 979,973,185 POPCAT, which is 36 less than its total supply of 979,973,221 POPCAT. This near-complete circulation indicates that most of the tokens have been floated in the market which makes it unlikely to have a large supply that may flood the markets and hence negatively affect price of the tokens that are already in the market. Most notably there is no capped amount of available tokens unlike in traditional ICO, which adds some uncertainty but also more opportunities for the project team to introduce new tokens or mechanisms later on in the project’s life cycle.
Market cap for Popcat for fully diluted is $543,317,139, which represents true market value of tokens in circulation at a fully diluted rate. Evidently, this is a close tie of the token with the market, which means that it has adjusted the total supply of Popcat tokens, making ground beneath it more stable.
As has been pointed out earlier, Popcat’s success is not only attributed to affordability and worth of cat simply but also depends on cultural relativity. Being a meme coin of sorts, Popcat uses viral content and people’s energy to keep going. This is especially important for meme coins where we see fluctuations in market, trend, communities, and social events playing pivotal roles. Such an impressive trading volume proves that Popcat is still able to keep up its popularity among target group clientele.
To summarize, Popcat (POPCAT) is the cryptocurrency to define its role in the market in the context of meme coins with a high level of turnover and dedicated fans. These include its comparatively recent appreciation, high turnover, and large capitalisation which can indicate that it is well suited to being a bubble commodity. However, meme coins are typically flaky, and their flow cannot be predicted whereas Popcat seems to be growing in the right direction and is capable of maintaining attention of both traders and fans of meme coins. In any such assets, the prospect should be mindful of risks that are associated with such types of investment, however those interested in meme stocks should consider Popcat for following reasons.
