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Cryptocurrency markets continued their downtrend on Friday, with Bitcoin price dropping to $62,300.
According to CoinGecko data, the meme coin market cap is down 4% today. Despite this, Popcat has shown impressive resilience, rising almost 5% today to trade at $0.63. Experts believe the popular Solana meme coin is on the verge of a major breakthrough that could send it soaring to new highs.
Popcat’s mid-cap status means it has little correlation with the overall market outlook.
Likewise, new low-cost meme coins like Pepe Unchained are seeing impressive growth in their pre-sales, with experts calling it one of the best meme coins to buy right now.
Could Popcat Prices Hit New Highs in August?
Meme coin enthusiasts are very bullish on Popcat, especially in the long term.
Solana meme coins have outperformed most other asset classes during this bull cycle, with gems like Dogwifhat and Bonk seeing huge gains. Popcat looks to be next.
The Popcat price hit a new all-time high on July 21 and has since undergone a healthy correction. In fact, it is currently trading 34% below its all-time high and is on the verge of a rebound.
Popular crypto trader CRG (@MacroCRG) believes that a bottom for Popcat is near. He expects the meme coin to see a consolidation in price action over the next few days followed by a V-shaped bullish recovery.
As previously mentioned, CRG is particularly bullish on Popcat’s long-term prospects, expecting it to reach a market cap of “billions.”
He’s not alone either. Crypto analyst Cypher (@Call_me_Cypher), who has nearly 50K followers on X, thinks now is a good time for underserved investors to invest in Popcat.
He expects the Solana meme coin to reach a new all-time high of $2 in the coming weeks.
https://x.com/Call_me_Cypher/status/1819312590914306462
However, the bulls still have a task at hand. Popcat price has so far failed to turn the $0.65 resistance level into support. A weekly close above this level is essential for the meme coin to continue its march towards its August all-time high.
Conversely, a rejection at this level means the Popcat has not yet bottomed.
Experts also call Pepe Unchained one of the best meme coins to buy right now.
Low- and mid-cap meme coins have little correlation with the broader market price movements. In particular, pre-sale tokens protect investors from short-term price movements by allowing them to focus on the fundamentals.
Unsurprisingly, new meme coins like Pepe Unchained (PEPU) are in high demand. PEPU has already raised close to $7 million in its pre-sale, and the strong initial demand is impressive for savvy investors.
For example, Crypto Zeus, a popular trader with over 80K subscribers on YouTube, recently called Pepe Unchained one of the best meme coins to buy right now.
Therefore, Pepe imitations and frog-themed meme coins are particularly attractive to investors, as seen in the case of coins like Ponke and PeiPei. However, Pepe Unchained has separated itself from the crowd.
The new meme coin aims to offer low transaction fees and high staking rewards by launching its own layer-2 blockchain. In fact, pre-sale PEPU buyers are currently enjoying a 280% reward rate.
Most new Ethereum meme coins have little retail investment due to the blockchain’s high transaction fees, but Pepe Unchained may be an exception.
Visit Pepe Unchained Pre-Sale
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