2024-11-1 23:10 |
Meme coins have been some of the best-performing cryptocurrencies this year, with Popcat token soaring by over 17,000% from its lowest level this year. Many other similar tokens like Cat in a dogs world, Brett, and Mog Coin soaring by triple digits this year. This article looks at Popcat, Vantard, and Dogecoin and what to expect in the near term.
Popcat price predictionPopcat has moved from almost nowhere into one of the most popular meme coins in the industry, with a market cap of over $1.5 billion.
This rally happened as the number of holders jumped to over 77,000, up from 68,000 in September. Also, unlike most meme coins, its holdings is fairly less concentrated since the top ten biggest holders account for 20% of the stake.
The daily chart shows that the Popcat token jumped from a low of $0.0067 in February to a high of $1.81 this month.
Most recently, it made a strong bullish breakout after forming a bullish pennant chart pattern, which is made up of a long line and a symmetrical triangle pattern. It is one of the most popular bullish signs in the market.
The coin, however, has now pulled back and retested the upper side of the pennant pattern. It also remains slightly above the 50-day and 100-day moving averages, meaning that bulls are in control. Also, the Relative Strength Index (RSI) has pointed downwards.
Therefore, the Popcat token will likely bounce back in the coming days and retest the all-time high. This view will likely happen because a break and retest pattern is one of the most bullish signs in the market.
Dogecoin price analysisThe daily chart reveals that the DOGE price has moved slightly below the 38.2% Fibonacci Retracement point. It has also retreated for two consecutive days as most cryptocurrencies pulled back.
A closer look shows that the ongoing pullback happened after it retested the important resistance point at $0.1797, which was the highest point in May 2024. It has formed a cup and handle pattern, which is a popular bullish sign.
Also, Dogecoin has formed a golden cross pattern, which often leads to more gains. Therefore, the coin will likely bounce back, and potentially rise to the year-to-date high of $0.2288.
Vantard analysisUnlike Popcat and Dogecoin, Vantard is not a publicly-traded token. Instead, it is an upcoming token that hopes to disrupt the crypto industry by creating a meme coin index fund.
By the look of its website, it has been inspired by the success of Vanguard, the second-biggest asset manager in the world with over $8 trillion in assets. Most of these assets are mutual funds and exchange-traded funds (ETFs).
Therefore, as part of its strategy, Vantard hopes to create an index fund made up of the most popular meme coins in the industry. Its theory is that these tokens will ultimately do better than Bitcoin when the crypto bull run happens.Vantard has already achieved substantial success in the past few weeks as it has already raised $250,000 from investors. This trend could continue in the coming weeks as demand for the token continues rising. You can learn more about Vantard in this white paper and then buy the token here.
The post Crypto price predictions: Popcat, Vantard, Dogecoin appeared first on Invezz
Similar to Notcoin - Blum - Airdrops In 2024
New Year Bull (NYB) на Currencies.ru
|
