Popcat up over 90%, as SHIB and DOGE see price declines

In the past 14 days, Popcat (POPCAT) has shown strong bullish momentum, rising by 113.8%. Meanwhile, established meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) have recorded price declines.

Popcat Price Analysis:

Over the past seven days, Popcat has outperformed the cryptocurrency market, increasing over 99% while the global market has fallen by 3.90%. It has also outperformed other meme cryptocurrencies, which have seen a 3.3% gain during the same period. Popcat reached an all-time high of $0.6840 on May 4, with the current price sitting 12.5% below this peak. Conversely, the all-time low (ATL) was recorded on Jan. 5 at $0.0408, making the current price 16,417.60% above the ATL.

At the time of writing, Popcat is trading at $0.5844, with a 24-hour trading volume of $49,458,132. The token's total supply is 979.98 million POPCAT.

Charts indicate a generally positive outlook for Popcat, with the price expected to fluctuate between $0.3922 and $0.9363, averaging around $0.6834.

POPCAT tokens are available for trading on several centralized crypto exchanges. The most popular exchange for buying and trading Popcat is OrangeX, where the POPCAT/USDT trading pair has a 24-hour trading volume of $4,447,410.83. Other popular options include Crypto.com Exchange and Gate.io.

The recent listing of Popcat on Bybit has been a significant development for the project, contributing to the recent price surge and increased trading volume.

Shiba Inu and Dogecoin Performance:

Both Dogecoin (DOGE) and Shiba Inu (SHIB) have been trading sideways, underperforming compared to other altcoins. Their lackluster performance is attributed to their correlation with Bitcoin's price movements.

Technical analysis indicates a bearish outlook for these meme coins. Dogecoin's net network growth is declining, while Dogecoin whales have been relatively inactive. Shiba Inu faces similar challenges, with its on-chain metrics suggesting that whales are selling rather than accumulating.

Despite recent setbacks, Dogecoin and Shiba Inu still have healthy 365-day MVRV ratios, indicating that holders remain profitable. However, their potential recovery depends on a rebound in the broader cryptocurrency market.