Cat-themed coins like Mog Coin (CRYPTO: MOG) and Popcat (CRYPTO: POPCAT) are rallying as the broader altcoin market cheers Bitcoin's (CRYPTO: BTC) leap above $70,000.
What Happened: Coinmarketcap data shows cat-themed tokens coins approaching a total market capitalization of $5 billion, up 9.3% over the past 24 hours. Popcat and Mog Coin are the leading gainers in the entire crypto market, with other cat-themed coins like Michi (CRYPTO: MICHI) and Toshi (CRYPTO: TOSHI) following.
Meme coin trader mememillions predicted cat coins could reach a valuation of $20–$50 billion, suggesting to “buy the cats and wait the months” for major gains.
Trader Notes: CryptoBull360 reports Popcat’s recent breakout from a rising wedge pattern, with momentum and volume suggesting potential new highs. The trader noted to keep watch for further movement as volumes are rising.
Trader Dentoshi noted a Fibonacci pocket reclaim, where Popcat re-entered a key retracement zone. This technical analysis suggests strong price action for Popcat.
Trader rasmr is also bullish on Popcat, targeting a price above $3. Ran Neuner includes Mog Coin in his list of key ETH ecosystem plays. He cited it as the first mover in tokenizing TikTok culture.
What's Next: The influence of meme coins is expected to be thoroughly explored at Benzinga's upcoming Future of Digital Assets event on Nov. 19.
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