The post Meme Coin Market Cap Reaches $55 Billion, Popcat, Pepe Coin and Cutoshi The Ones To Watch appeared on BitcoinEthereumNews.com.

Over the years, memecoin adoption has skyrocketed; from Dogecoin to Popcat, investors have loved different versions of memecoin. According to a recent report, the total market cap of meme coins has reached $55 billion, and in the next two years, it will see over 50% increase.  Popcat is the recently launched meme coin based on Solana (SOL). From the launch date, it has increased over 6,000%. In the last seven days, it has increased by 19%, showing strength in market volatility. Pepe Coin is one of the largest meme coins and is way older than Popcat; it has a marketcap of $3.73 billion.  Cutoshi (CUTO), a new meme coin in the market, has attracted investors from the Popcat and Pepe Coin communities. Cutoshi has trended in the last few weeks because experts have predicted that it can replicate the returns of large memecoins and become a billion-dollar market cap coin by 2025. POPCAT And Pepe Coin Retrace Back To Breakout Zone After a 59% run-up from the 10-day moving average bounce, POPCAT has retraced back to the $1.08 breakout zone. Despite the fall in the last four days, POPCAT has gained 20% in the previous seven days. Recently, it crossed a $1 billion market cap by crossing the $1 psychological level.  At its peak at $1.46, it crossed the overbought zone on the relative strength index, but in the correction, the RSI fell back to the 58 level. This drop has brought the POPCAT price to the institutional buying zone. If it fails to bounce off the retest zone, we can see the start of the lower lows and lower highs.  Pepe Coin has also shown a similar price structure, with price retracing back to $0.000009, which was once a breakout level. Currently, PEPE is trading at $0.0000089, and the…

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Filed under: News - @ October 13, 2024 12:27 pm