Popcat up 24% in a week, raising questions if it is a good entry point or not

The rise of cat-themed meme coins is here, with Popcat leading a 24% surge this week.

The era of cat-themed meme coins is here – and Popcat is leading the way with a 24% pump this week. 

Is it worth buying, or could traders secure a better price if they wait longer?

Popcat advances into price discovery, more gains expected on bullish market outlook

Popcat is one of the only major cryptocurrencies trading deep inside price discovery right now. 

It’s a unique position. 

On the one hand, it shows relative strength against the market, indicating a significant investor appetite and the fact that its rally could continue.

However, prices never go up-only. What goes up must come down, at some point.

So the question for Popcat is how long it can go up without coming down.

Based on the Fibonacci tool, the final 2.618 level could prove a resistance zone. It lands at $2.27, a 30% increase from its current price of $1.72.

This is a likely target for two reasons. The first is Popcat’s impressive momentum, which shows no signs of slowing down so far. 

Second, Bitcoin is currently trading above $72K, just 1.85% away from creating a new all-time high. Should Bitcoin enter price discovery in the coming days, it will attract new liquidity for altcoins as investors dial up their risk exposure.

But what are analysts saying?

Prominent meme coin trader Murad Muhamedov says that POPCAT is breaking above an ascending trendline resistance, which he suggests is “very, very bullish.”

The analyst predicts POPCAT will reach $5 soon.

Similarly, Cryptoknight suggested in September that Popcat will experience a higher-time-frame rally toward $4.5.

However, in confluence with our Fibonacci Retracement-based target, the analyst forecasts that it will find resistance below $2.5 and trade sideways before an uptrend continuation. 

With that in mind, our Popcat price prediction forecasts a November target of between $2.27 and $2.5 and a longer-term target between $4.5 and $5. We could expect the higher time frame target to be hit later this year or early 2025.

But as Popcat shows strength, there’s a newly launched meme coin project that traders say has up to 100x potential. It is called Crypto All-Stars and changes the game by providing utility to the top meme coins.

Crypto All-Stars presale nears $3M for meme coin staking app – best crypto to buy now?

Crypto All-Stars will change how the market interacts with meme coins.

It’s no secret that they’re highly volatile assets. Massive upswings and stomach-churning downfalls are all part of the game, and it’s mainly because they have no utility.

Until now, the only thing you can really do with meme coins is buy and sell. Enter Crypto All-Stars.

It’s building a staking app that lets holders put their tokens to work.

Dogecoin, Shiba Inu, Pepe, Mog Coin, and Bonk are just some of the tokens they’ll accept.

Users deposit them to the Crypto All-Stars staking contract, and they’ll earn STARS in return.

However, they must hold STARS to access the platform, and their rewards depend on how much they have.

The project has undergone full audits from Coinsult and Solid Proof, ensuring it’s safe and secure.

Crypto All-Stars ticks all the boxes. It’s a changer inside crypto’s most viral narrative.

As such, traders are saying it could explode. For instance, Cryptomania predicts it can 100x in price.

The analyst also pays attention to Crypto All-Stars’ compelling artwork, noting that this illustrates a big marketing budget and means the team can push the token after its exchange launch.

However, he notes that the price will incrementally rise throughout the presale, so interested investors should act fast.

For more information, visit the Crypto All-Stars presale website or follow the project on  X and Telegram.