Key Takeaways:
- POPCAT is a cat meme coin inspired by a viral internet meme starring a domestic short-haired cat named Oatmeal.
- As a meme coin, POPCAT lacks intrinsic value, relying on community engagement to drive its price.
- The transaction fees on the Solana network range from $0.005–$0.02, so trading Popcat is fast and inexpensive relative to other tokens.
- Some experts predict that POPCAT will cross the $1 threshold for the first time in 2025.
What Is Popcat?
POPCAT is a cat meme coin inspired by a viral meme in October 2020 that featured two pictures of a domestic short-haired cat named Oatmeal, one showing Oatmeal’s mouth closed, while the other shows its mouth in an exaggerated ‘O’ shape. Users can click on Oatmeal to open and close its mouth, with a pop noise added for humorous effect. Similarly, Oatmeal is frequently added to Instagram music videos to make it look like the cat is singing.
The Solana-based meme coin lacks explicit ties to the meme’s creator but encourages its use to drive community engagement. The meme coin has an active X account that frequently posts memes featuring Oatmeal. POPCAT also supports a game called Popcat taptap, where players click on Oatmeal for ‘pops’. Players have accumulated billions of pops on an international leaderboard.
POPCAT attracted significant whale activity on 24 September 2024 when one person purchased approximately US$245,000 in coins. Whale activity frequently increases meme coin visibility and liquidity, creating a bullish signal that other crypto traders may follow. POPCAT is also available on trustworthy exchanges like Crypto.com, increasing consumer confidence.
Note that the Popcat project lacks a formal white paper, so future plans — and whether the project is ongoing — are unknown. Additionally, Popcat’s website doesn’t mention its development team, so use diligence if considering committing funds.
How Does POPCAT Work and Why Are Some Excited About It?
POPCAT is a Solana ecosystem meme coin, meaning crypto traders can buy, sell, and hold it as a store of digital value. A decentralised public ledger records all transactions.
The Solana network verifies transactions using the Proof of History (PoH) and Proof of Stake (PoS) consensus mechanisms, expediting processing times. The transaction fees on the Solana network range from $0.005–$0.02, so trading POPCAT is fast and inexpensive relative to some other digital currencies.
Tokenomics and Governance of POPCAT
POPCAT has a total supply of about 980,000,000 tokens. The project’s developers placed 93.1% of these in a liquidity pool (LP) and burned the corresponding LP tokens, ensuring no central authority controls the project. The remaining 6.9% is held in a multisig wallet for future centralised exchange (CEX) listings, bridges, and liquidity pools. POPCAT transactions are not taxed, reinforcing the developer’s commitment to decentralised finance (DeFi).
POPCAT reached its all-time high (ATH) of $1.03 in September 2024.
What Does 2025 Hold for POPCAT?
POPCAT’s value at the time of writing is close to its ATH, and some experts think it could surpass that in 2025. POPCAT has no intrinsic value, though, but it occupies a popular niche as a cat meme coin in the Solana ecosystem and effectively drives community engagement through interactive games and entertaining social media posts. POPCAT’s market cap ranks seventh amongst meme coins (at the time of writing), giving it enhanced visibility in the space.
Despite POPCAT’s potential upside, it’s important to remember that all meme coins are highly speculative assets, creating both upside potential and the risk of large, sudden losses. Macroeconomic factors, influencer opinion, and broader crypto trends may all affect meme coin pricing. Crypto traders should consider their risk tolerance and goals before purchasing POPCAT, and they should never spend more than they can afford to lose.
How to Purchase POPCAT on Crypto.com
The Crypto.com App makes buying POPCAT and more than 250 other cryptocurrencies easy. Download the free App, complete the simple sign-up process, then fund the account. Users can immediately add funds through Apple Pay, PayPal, or a debit/credit card. Alternatively, users can transfer money from their bank account. The App supports multiple fiat currencies, including USD, EUR, GBP, and HKD. Bank transfers may take up to three days to clear.
Once the account is funded, traders can start buying cryptocurrencies like POPCAT.
Conclusion
POPCAT has several factors supporting its upside potential: It’s based on a popular meme and actively engages the community through social media and games. POPCAT is also well-established amongst meme coins, with a strong price and market cap. Whales have been showing recent interest, and the project has a strategic reserve of funds for future developments.
However, Popcat lacks a white paper and developer info, and interest in meme coins may prove fleeting. POPCAT also doesn’t have the established price history of big names like Bitcoin and Ethereum.
Meme coins are volatile projects with popularity that can swiftly spike or decline, and nobody can say for sure what POPCAT’s price will be in the future. Due diligence and proper trade size aligned with a trader’s risk profile are best practices with any meme coin.
Due Diligence and Do Your Own Research
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