The price of Popcat (POPCAT) meme coin has surged by nearly 20% in the past 24 hours despite the overall drop that assets in this category are experiencing.
This counterintuitive move is being accompanied by a 54.3% jump in trading volumes during this same period that resulted in a quarter of POPCAT’s market cap exchanging hands on short notice.
Other tokens like Dogecoin (DOGE) and Pepe (PEPE) are facing drops of 2.3% and 0.7% during this same period, while meme coins as a whole are down 3% in the past 24 hours, according to data from CoinMarketCap.
Despite this jump, Popcat (POPCAT) still accumulates a 24.5% retreat in the past 7 days while its performance this year is among the worst among the top 20 largest meme coins as its annual losses currently stand at 65%.
POPCAT is also currently trading 87.4% below its all-time high of $2.07 on November 17, 2024.
Coinbase Launches Perpetual Futures for POPCAT
The launch of perpetual futures for POPCAT on Coinbase may have been responsible for the huge uptick that the token is experiencing. Starting on February 13, all users who have access to futures on this large US-based trading platform can speculate with the token based on their short-term price predictions.
Coinbase Advanced is adding support for $PENGU, $POPCAT, and $HNT perpetual futures.
The opening of PENGU-PERP, POPCAT-PERP, and HNT-PERP markets will begin on or after 9:30 am UTC 13 FEB 2025. pic.twitter.com/5EAEf3kUmk
— Coinbase Traders (@coinbasetraders) February 6, 2025
Coinbase is joining Binance to offer this kind of product for Popcat as the latter launched a perpetual USDT contract in August 2024.
POPCAT’s daily chart shows that the token has been on a heavy downtrend since mid-November as the post-election rally started to exhaust its ammunition.
A bullish falling wedge setup formed as a result of this decline but was invalidated a few days ago as the price dropped sharply during the weekend. Today’s jump seems to be retesting the lower bound of that formation, as it has now become an area of resistance.
Momentum indicators are sending positive signals as the MACD’s negative histogram readings have been progressively declining. In addition, the Relative Strength Index (RSI) just made a move above the signal line, which could mark the beginning of a trend reversal for POPCAT.
If the price climbs back to the falling wedge’s body and breaks above it, this would provide confirmation that the token is getting ready to jump.
Popcat’s performance this year may have been disappointing but the best ICOs like Wall Street Pepe ($WEPE) are poised to deliver sizable gains to early buyers.
Wall Street Pepe ($WEPE) Will Soon Close its Successful Presale
With just 8 more days to go before the end of the event, Wall Street Pepe ($WEPE) has been one of the best crypto presales of the year thus far, with $70 million raised in less than two months.
This meme coin leverages the popularity of the OG Pepe the Frog meme to build a robust community of like-minded traders who understand the power of a purpose-driven collective.
The $WEPE army will combine its resources and the knowledge of seasoned traders who are part of the launch team to identify opportunities in the meme coin space that they capitalize on regardless of whales’ attempts to manipulate prices.
The token has a hard cap of 200 trillion and will be initially launched in the Ethereum and BNB chains. Also, the team will be allocating a portion of $WEPE’s supply to a staking rewards pool that will be distributed among those who bought during the presale event.
At its discounted price of $0.0003665, early investors stand to reap the highest gains once $WEPE is listed on exchanges. Analysts who have come across the presale have been surprised by its success and many anticipate that the token will secure a top-tier listing right after the launch date.
To buy $WEPE, head to the Wall Street Pepe website and connect your wallet. Either swap ETH, USDT, or BNB or you can also use a bank card to complete your purchase. Join the $WEPE army now.
