Popcat (POPCAT) is one of the newest trending meme coins that received a lot of attention recently out of all cryptocurrencies. Currently trading at $0. 5544, From this period, Popcat has an increase of 2 on a daily basis. 14%, result which is still improving year by year due to the interest in its product and other meme based coins as a pump and dump assets. Nevertheless, bearing in mind that it is a meme coin, even such a small percentage increase would be quite a significant jump in Shiba Inu’s value.
Largest by Market Cap ranks 98th where Popcat has a market capitalization of $543,317,119. This puts it at the top 100 most valued tokens, a big accomplishment for a token that relies on references to internet memes and viral content to remain popular. Market capitalization is another important criterion that shows the coin’s value in the market; in Popcat’s case, this figure seems to reflect the high level of trust from investors and the ability to enter narrow focused communities that are interested in Meme coins.
Popcat has seen a very interesting increase in the 24-hour trade volume, its growth being 154 percent. 77%, reaching $82,287,232. This significantly increased trading activity points towards Popcat Or Popcat more engagement and liquidity — two features linked to meme coins. The volume to market capitalisation ratio I analyse stands at 15. 15% is quite high showing high level of liquidity and active trading of stocks in the market. This ratio is crucial for determine the level of mobilization of a given coin and according to this aspect, it is clear that many investors in Popcat are interested to intensively trade within the short-term, likely due to speculation and/or social media trends.
The circulating supply of Popcat is 979,973,185 POPCAT, which is 36 in difference with its total supply of 979,973,221 POPCAT. This near-complete circulation indicates that most of the tokens have been floated in the market which makes it unlikely to have a large supply which may flood the markets and hence negatively affect the price of the tokens that are already in the market. Most notably there is no capped amount of available tokens unlike in traditional ICO, which adds some uncertainty but also more opportunities for the project team to introduce new tokens or mechanisms later on the project’s life cycle.
Market cap for Popcat for fully diluted amount to $543,317,139 which represents the true market value of the tokens in circulation. Evidently, this is a close tie of the token with the market, which means that it has adjusted the total supply of Popcat tokens, making the ground beneath it a more stable one.
As has been pointed out earlier, Popcat’s success is not only attributed to the affordability and worth of the cat simply but also on cultural relativity. Being a meme coin of sorts, Popcat uses viral content and people’s energy to keep going. This is especially important for meme coins where we see fluctuations in the market, trend, communities, and social events playing pivotal roles. Such an impressive trading volume proves that Popcat is still able to keep up its popularity among the target group clientele.
To sum up, Popcat (POPCAT) is the cryptocurrency to define its role in the market in the framework of meme coins with a high level of turnover and dedicated fans. These include its comparatively recent appreciation, high turnover, and large capitalisation which can indicate that it is well suited to being a bubble commodity. However, meme coins are typically flaky, and their flow cannot be predicted whereas Popcat seems to be growing in the right direction and is capable of maintaining the attention of both traders and fans of the meme coins. In any such assets, the prospect should be mindful of the risks that are associated with such types of investment, however those interested in meme stocks should consider Popcat for the following reasons.
