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Share this article<\/h4>\n<\/p><\/div>\n<\/p><\/div>\n\n\n- The memecoin supercycle is gaining momentum as market optimism rises.<\/span><\/em><\/li>\n
- Some memecoins are diverging from Bitcoin\u2019s volatility, ready to lead.<\/span><\/em><\/li>\n<\/ul>\n
Bitcoin [BTC]<\/span><\/a> nearly reached the $64K mark during the early hours of Monday, coinciding with a pivotal week for U.S. economic <\/span>data<\/span><\/a>. <\/span><\/p>\nThis set off a market-wide rally, with POPCAT and MOG, leading the charge, surging over 12% in the last 24 hours.<\/span><\/p>\nFollowing this, discussions about a potential \u201c<\/span>memecoin<\/span><\/a> supercycle\u201d \u2013 the idea that memes could fuel the next crypto bull market \u2013 gained traction on social media.\u00a0<\/span><\/p>\nBut does this theory hold any substantial merit?<\/span><\/p>\nBitcoins THIS might lead the memecoin supercycle\u00a0<\/b><\/h2>\n
Among the <\/span>top<\/span><\/a> 10 memecoins by market cap, cat-themed tokens have outperformed their dog-themed counterparts, positioning themselves as the favored choice for the memecoin supercycle.<\/span><\/p>\nPOPCAT led the pack with a weekly surge exceeding 50%, while MOG trailed behind with a more modest 13% gain.<\/span><\/p>\nThis trend suggests a possible market shift within the memecoin space, with a select few becoming the preferred choice for riskier bets, particularly during periods of high volatility.<\/span><\/p>\nPut simply, with Bitcoin\u2019s heightened sensitivity to macroeconomic factors \u2013 often triggering market shocks \u2013 memecoin supercycle is gaining traction as an alternative, evidenced by the chart below.<\/span><\/p>\n\n![\"bitcoins](\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/1.png\")
<\/a><\/p>\nSource : Coinalyze<\/p>\n<\/div>\n
POPCAT<\/span><\/a> initially rode Bitcoin\u2019s bullish wave during the September rally but recorded notably higher daily gains, especially during the mid-cycle.\u00a0<\/span><\/p>\nEven when Bitcoin peaked near $65K on the 28th of September and saw a correction, POPCAT held its range for five consecutive days despite market volatility.<\/span><\/p>\nA similar pattern is emerging now. As Bitcoin retraces below $63K again amid <\/span>pressure<\/span><\/a> from the derivative market, POPCAT is seeing significant daily gains, hitting double-digit highs.\u00a0\u00a0<\/span><\/p>\nAdditionally, its trading volume has surged over 130% to $188 million from the previous day, while market cap increased by 14% to $1.3 billion.<\/span><\/p>\nIf this trend holds, POPCAT could lead a memecoin supercycle, provided it maintains its independence from Bitcoin\u2019s volatility and successfully tests the $2 mark next.<\/span><\/p>\nBitcoins Many factors are behind the traction<\/b><\/h2>\n
Interest in POPCAT soared over the past week, fueled by intense accumulation among stakeholders.<\/span><\/p>\n\u00a0<\/span>October began with wallet holders withdrawing an impressive 5.33 million POPCAT tokens, a remarkable leap from just 1.73 million the day before.<\/span><\/p>\n\n![\"bitcoins](\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-07-163645.png\")
<\/a><\/p>\nSource : Coinglass<\/p>\n<\/div>\n
This supports our hypothesis that POPCAT could spearhead the next memecoin supercycle, as more capital shifts away from tokens perceived as overpriced and less attractive to retail investors.<\/span><\/p>\nBeyond POPCAT, numerous other memecoins have outperformed Bitcoin in the recent cycle, with <\/span>SPX6900<\/span><\/a> alone surging over 200% in just seven days.<\/span><\/p>\n
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- The memecoin supercycle is gaining momentum as market optimism rises.<\/span><\/em><\/li>\n
- Some memecoins are diverging from Bitcoin\u2019s volatility, ready to lead.<\/span><\/em><\/li>\n<\/ul>\n
Bitcoin [BTC]<\/span><\/a> nearly reached the $64K mark during the early hours of Monday, coinciding with a pivotal week for U.S. economic <\/span>data<\/span><\/a>. <\/span><\/p>\n
This set off a market-wide rally, with POPCAT and MOG, leading the charge, surging over 12% in the last 24 hours.<\/span><\/p>\n
Following this, discussions about a potential \u201c<\/span>memecoin<\/span><\/a> supercycle\u201d \u2013 the idea that memes could fuel the next crypto bull market \u2013 gained traction on social media.\u00a0<\/span><\/p>\n
But does this theory hold any substantial merit?<\/span><\/p>\n
Bitcoins THIS might lead the memecoin supercycle\u00a0<\/b><\/h2>\n
Among the <\/span>top<\/span><\/a> 10 memecoins by market cap, cat-themed tokens have outperformed their dog-themed counterparts, positioning themselves as the favored choice for the memecoin supercycle.<\/span><\/p>\n
POPCAT led the pack with a weekly surge exceeding 50%, while MOG trailed behind with a more modest 13% gain.<\/span><\/p>\n
This trend suggests a possible market shift within the memecoin space, with a select few becoming the preferred choice for riskier bets, particularly during periods of high volatility.<\/span><\/p>\n
Put simply, with Bitcoin\u2019s heightened sensitivity to macroeconomic factors \u2013 often triggering market shocks \u2013 memecoin supercycle is gaining traction as an alternative, evidenced by the chart below.<\/span><\/p>\n
\n<\/a><\/p>\nSource : Coinalyze<\/p>\n<\/div>\n
POPCAT<\/span><\/a> initially rode Bitcoin\u2019s bullish wave during the September rally but recorded notably higher daily gains, especially during the mid-cycle.\u00a0<\/span><\/p>\n
Even when Bitcoin peaked near $65K on the 28th of September and saw a correction, POPCAT held its range for five consecutive days despite market volatility.<\/span><\/p>\n
A similar pattern is emerging now. As Bitcoin retraces below $63K again amid <\/span>pressure<\/span><\/a> from the derivative market, POPCAT is seeing significant daily gains, hitting double-digit highs.\u00a0\u00a0<\/span><\/p>\n
Additionally, its trading volume has surged over 130% to $188 million from the previous day, while market cap increased by 14% to $1.3 billion.<\/span><\/p>\n
If this trend holds, POPCAT could lead a memecoin supercycle, provided it maintains its independence from Bitcoin\u2019s volatility and successfully tests the $2 mark next.<\/span><\/p>\n
Bitcoins Many factors are behind the traction<\/b><\/h2>\n
Interest in POPCAT soared over the past week, fueled by intense accumulation among stakeholders.<\/span><\/p>\n
\u00a0<\/span>October began with wallet holders withdrawing an impressive 5.33 million POPCAT tokens, a remarkable leap from just 1.73 million the day before.<\/span><\/p>\n
\n<\/a><\/p>\nSource : Coinglass<\/p>\n<\/div>\n
This supports our hypothesis that POPCAT could spearhead the next memecoin supercycle, as more capital shifts away from tokens perceived as overpriced and less attractive to retail investors.<\/span><\/p>\n
Beyond POPCAT, numerous other memecoins have outperformed Bitcoin in the recent cycle, with <\/span>SPX6900<\/span><\/a> alone surging over 200% in just seven days.<\/span><\/p>\n
\n - Some memecoins are diverging from Bitcoin\u2019s volatility, ready to lead.<\/span><\/em><\/li>\n<\/ul>\n