- The memecoin supercycle is gaining momentum as market optimism rises.
- Some memecoins are diverging from Bitcoin’s volatility, prepared to steer.
Bitcoin [BTC] almost reached the $64K mark through the early hours of Monday, coinciding with a pivotal week for U.S. financial information.
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 that memes might gas the subsequent crypto bull market – gained traction on social media.
However does this idea maintain any substantial benefit?
THIS would possibly lead the memecoin supercycle
Among the many high 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 development suggests a doable market shift throughout the memecoin house, 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 elements – typically triggering market shocks – memecoin supercycle is gaining traction in its place, evidenced by the chart under.
Supply : Coinalyze
POPCAT initially rode Bitcoin’s bullish wave through the September rally however recorded notably increased every day beneficial properties, 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.
An identical sample is rising now. As Bitcoin retraces under $63K once more amid strain from the by-product market, POPCAT is seeing important every day beneficial properties, 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 development holds, POPCAT could lead on a memecoin supercycle, offered it maintains its independence from Bitcoin’s volatility and efficiently exams 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 powerful 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 enticing to retail traders.
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 indicators {that a} memecoin supercycle is poised to emerge by the top of this quarter, pushed by sturdy buying and selling volumes, passionate communities, and growing divergence from Bitcoin.
Collectively, the collision of those elements might create the momentum wanted for a number of chosen memecoins to considerably outperform Bitcoin in 2025.
