Popcat Outpaces Dogecoin with Impressive 11% Surge

Popcat Surges, Overtaking Dogecoin in Daily Gains

Popcat (POPCAT) has witnessed a significant 11% surge in the past 24 hours, capturing the limelight from Dogecoin (DOGE), which has led the pack this week with over 30% gains. However, DOGE's recent 2% rise in a single day suggests that its rally may be slowing down.

POPCAT's recent growth appears to align with Bitcoin's recovery from a four-month downturn. Previously, as Bitcoin began its ascent, POPCAT reached an all-time high of $1.50 before stabilizing at $1.37.

Its market capitalization currently stands at $1.36 billion, while its 24-hour trading volume has soared by nearly 28% to $145.62 million.

Meanwhile, DOGE benefited from investors seeking opportunities in alternative coins and surged to $0.15 during the broader market rally. While Dogecoin experienced an 8% gain over the past week, it has lost 4% in the last 24 hours, now trading at $0.1371.

DOGE's market capitalization is valued at $20.09 billion, while its 24-hour trading volume has decreased by 21% to $1.42 billion.

Shortly after reaching its all-time high, POPCAT dipped to $1.23. Last week, there was a substantial withdrawal of $4 million worth of POPCAT from exchanges, indicating potential buying activity by investors likely influenced by DOGE's strong performance.