A battle has been brewing in the memecoin segment and Popcat is part of it. The battle in question is the dominance between dog-themed and cat-themed memecoins.  The former category is starting to put up a solid fight as variety continues to grow. In this article we will explore the  memecoin and its potential.

What is Popcat?

It is a cat-themed memecoin featuring a funny-looking cat called Oatmeal.  However, it has its origins as just a meme made of 2 images, one that has its mouth shut and the other has its mouth open. This has also paved the way for the creation of a game called Popcat.click, allowing the meme to proliferate in terms of engagement.

One might think that this is a new memecoin but it has been around since 2020. It is also worth noting that it is based on the Solana memecoin.

Popcat meme origins

Just like most memecoins, it has an interesting origin story. Oatmeal’s owner took pictures of the cat as it observed a bug and posted the images on a private discord server. This was as far back as 2020 and it was quickly made into a gif which then made rounds on Twitter. It quickly gained traction after it was posted on Twitter, where it quickly gained over 1 million views.

The Popcat.click game

The Popcat.click game made its debut in December of the same year, demonstrating just how fast the meme grew. But how does it work? It is a click to play game where users click on Oatmeal’s image. The cat opens its mouth just as it does in the meme and it makes a pop sound with every click. Each click earns you points and there is a leaderboard where players are ranked based on the number of clicks and by country.

The Popcat token

The natural progression of the Popcat meme was its transition into a memecoin. The Solana-based memecoin has been taking advantage of Popcat’s popularity, as well as the community engagement fostered by the game.

As far as tokenomics are concerned, Popcat has a total supply of 973,983,221 tokens.  It recently came close to joining the list of biggest memecoins with over $1 billion marketcap. Its marketcap peaked at $936.5 million in July. However, it has since tanked to its $688.2 million marketcap at the time of writing.

Popcat price prediction

Its price action popped off or registered its first major rally in March 2024. It traded as low as $0.019 on 1 March and peaked at $0.95 on 22 July. A 4900% gain within 5 months. This performance demonstrated the memecoin’s ability to attract robust demand.

Popcat has since retraced to a $0.70 press time price. However, the impressive gains it demonstrated is enough to make one wonder whether that was a fluke or whether it may soar higher in the next major bull run.

As far as predictions are concerned, the memecoin has the potential to cross above the $1 price level in the short term. It will be worth $1.02 if it manages to cross above the $1 billion marketcap zone. This could easily happen in the near term.

Note that it managed to pull of its recent highs without listing on major exchanges. If Popcat manages to be listed on major exchanges, then the potential liquidity inflows may push it above the $5 billion mark. This could happen in the mid to long-term. A $5 billion marketcap means it would be worth $5.1.

Conclusion

Popcat performance so far this year has shown a lot of promise. The memecoin has the right blend of characteristics and history to propel it into the mainstream.

 

 

Next: Moonbix: Binance’s Thrilling New Play-to-Earn Game on Telegram