The crypto market is experiencing a “Cat Season” as cat-themed meme coins outperform major altcoins and set new all-time highs. Popular analyst Bluntz has noted this trend, stating that “catszn is truly underway.”
POPCAT Breaks New ATH
POPCAT, a Solana-based meme coin, has hit a new all-time high of $1.67, marking its third ATH in October. Investors are optimistic that the coin could surpass $2.00 if holders remain resilient. However, a sell-off could lead to a significant drawdown, with the next major support at $1.00.
MEW Sets New All-Time High
MEW, another cat-themed meme coin, has reached a new ATH of $0.0106. The coin has seen a 15.6% increase in the last 24 hours, preventing a drop below $0.0090. However, profit-taking could erase recent gains.
Simons Cat Surges
Simons Cat has surged nearly 80% in just four days, trading at $0.00004379. The coin is close to its all-time high of $0.00004650, but a failure to break past this level could lead to a pullback.
Conclusion
The “Cat Season” is in full swing, with cat-themed meme coins dominating the altcoin market. While these coins are currently performing well, investors should be cautious of potential profit-taking and market volatility.
October 2024, Cryptoniteuae
