- 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 through 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 couple of potential “memecoin supercycle” – the concept memes may gas the following crypto bull market – gained traction on social media.
However does this concept maintain any substantial benefit?
THIS may 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 selection for the memecoin supercycle.
POPCAT led the pack with a weekly surge exceeding 50%, whereas MOG trailed behind with a extra modest 13% acquire.
This pattern suggests a potential market shift throughout the memecoin area, with a choose few turning into the popular selection for riskier bets, notably during times of excessive volatility.
Put merely, with Bitcoin’s heightened sensitivity to macroeconomic components – usually triggering market shocks – memecoin supercycle is gaining traction instead, evidenced by the chart under.
Supply : Coinalyze
POPCAT initially rode Bitcoin’s bullish wave through the September rally however recorded notably greater day by day positive factors, particularly through 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.
The same sample is rising now. As Bitcoin retraces under $63K once more amid pressure from the by-product market, POPCAT is seeing vital day by day positive factors, hitting double-digit highs.
Moreover, its buying and selling quantity has surged over 130% to $188 million from the day before today, whereas market cap elevated by 14% to $1.3 billion.
If this pattern holds, POPCAT may lead a memecoin supercycle, offered it maintains its independence from Bitcoin’s volatility and efficiently assessments the $2 mark subsequent.
Many components 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 may spearhead the following 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 current 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 components may create the momentum wanted for just a few chosen memecoins to considerably outperform Bitcoin in 2025.