- The memecoin supercycle is gaining momentum as market optimism rises.
- Some memecoins are diverging from Bitcoin’s volatility, prepared to guide.
Bitcoin [BTC] almost reached the $64K mark throughout the early hours of Monday, coinciding with a pivotal week for U.S. financial data.
This set off a market-wide rally, with POPCAT and MOG, main the cost, surging over 12% within the final 24 hours.
Following this, discussions a few potential “memecoin supercycle” – the concept memes might gasoline the subsequent crypto bull market – gained traction on social media.
However does this concept maintain any substantial benefit?
THIS would possibly lead the memecoin supercycle
Among the many top 10 memecoins by market cap, cat-themed tokens have outperformed their dog-themed counterparts, positioning themselves because the favored alternative for the memecoin supercycle.
POPCAT led the pack with a weekly surge exceeding 50%, whereas MOG trailed behind with a extra modest 13% achieve.
This development suggests a potential market shift throughout the memecoin area, with a choose few changing into the popular alternative for riskier bets, significantly in periods of excessive volatility.
Put merely, with Bitcoin’s heightened sensitivity to macroeconomic elements – usually triggering market shocks – memecoin supercycle is gaining traction instead, evidenced by the chart under.
Supply : Coinalyze
POPCAT initially rode Bitcoin’s bullish wave throughout the September rally however recorded notably larger every day positive factors, particularly throughout the mid-cycle.
Even when Bitcoin peaked close to $65K on the twenty eighth of September and noticed a correction, POPCAT held its vary for 5 consecutive days regardless of market volatility.
An identical sample is rising now. As Bitcoin retraces under $63K once more amid pressure from the by-product market, POPCAT is seeing important every day positive factors, hitting double-digit highs.
Moreover, its buying and selling quantity has surged over 130% to $188 million from yesterday, whereas market cap elevated by 14% to $1.3 billion.
If this development holds, POPCAT may lead a memecoin supercycle, supplied it maintains its independence from Bitcoin’s volatility and efficiently assessments the $2 mark subsequent.
Many elements are behind the traction
Curiosity in POPCAT soared over the previous week, fueled by intense accumulation amongst stakeholders.
October started with pockets holders withdrawing a formidable 5.33 million POPCAT tokens, a exceptional leap from simply 1.73 million the day earlier than.
Supply : Coinglass
This helps our speculation that POPCAT might spearhead the subsequent memecoin supercycle, as extra capital shifts away from tokens perceived as overpriced and fewer engaging to retail buyers.
Past POPCAT, quite a few different memecoins have outperformed Bitcoin within the latest cycle, with SPX6900 alone surging over 200% in simply seven days.
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This alerts {that a} memecoin supercycle is poised to emerge by the top of this quarter, pushed by strong buying and selling volumes, passionate communities, and growing divergence from Bitcoin.
Collectively, the collision of those elements might create the momentum wanted for just a few chosen memecoins to considerably outperform Bitcoin in 2025.
