Cat Tokens Led By PURR Result In 14% Rise In Market Cap | Meme Coins To Watch Today

Meme coins fared well but the best performing joke tokens among them were the cat-theme cryptocurrencies. While big named cat themed tokens like Popcat exist, a smaller crypto, Purr led the gains today.

BeInCrypto has analyzed three such cat-themed meme coins for investors to watch and how their gains resulted in the cat-themed tokens’ market cap rising by 14% to $3.43 billion.

cat in a dogs world (MEW)

• Launch Date – March 2024
• Total Circulating Supply – 88.88 Billion MEW
• Maximum Supply – 88.88 Billion MEW
• Fully Diluted Valuation (FDV) – $426.46 Million
• Contract Address – MEW1gQWJ3nEXg2qgERiKu7FAFj79PHvQVREQUzScPP5

MEW price has surged by 32% over the last 24 hours, reaching $0.0046 and nearing the resistance of $0.0048. As one of the best-performing altcoins, MEW’s bullish momentum is evident. The current price movement shows a strong potential for further gains in the short term.

The Ichimoku Cloud below the candlesticks is signaling a continuation of bullish momentum for MEW. This indicator suggests that the meme coin has the potential to breach $0.0048, with the next target at $0.0050. A successful breakout will likely propel MEW to new highs, attracting more investor attention.

MEW Price Analysis. Source:  TradingView

However, if MEW fails to breach the $0.0048 resistance, it could lead to a price decline. A fall to $0.0040 would wipe out a significant portion of the recent gains for the meme coin, invalidating the bullish outlook.

Popcat (POPCAT)

• Launch Date – December 2023
• Total Circulating Supply – 979.97 Million POPCAT
• Maximum Supply – 979.97 Million POPCAT
• Fully Diluted Valuation (FDV) – $566.64 Million
• Contract Address – 7GCihgDB8fe6KNjn2MYtkzZcRjQy3t9GHdC8uHYmW2hr

POPCAT rose nearly 20% today, bringing the altcoin to a trading price of $0.582. It is now facing resistance at $0.645, a critical level for further upward movement. The recent growth positions POPCAT for potential continued gains, though it needs to break this resistance before it can advance.

The RSI suggests POPCAT still has room for growth despite entering the overbought zone. In previous rallies, the meme coin continued rising even in overbought conditions. If this trend holds, it’s likely that POPCAT will breach the $0.645 resistance and push toward the $0.755 target, extending its bullish momentum.

POPCAT Price Analysis. Source:  TradingView

However, if POPCAT fails to break $0.645 again, selling pressure could intensify. This may cause the price to retreat to $0.495 or $0.416, invalidating the bullish outlook. Investors should monitor the resistance carefully for further clues about the token’s direction.

Small Cap Corner – Purr (PURR)

• Launch Date – May 2024
• Total Circulating Supply – 597.13 Million PURR
• Maximum Supply – 1 Billion PURR
• Fully Diluted Valuation (FDV) – $146.44 Million
• Contract Address – 0xc1fb593aeffbeb02f85e0308e9956a90

PURR emerged as the top performer among cat-themed meme coins, surging nearly 60% in the last 24 hours. At $0.254, it has captured investors’ attention with its rapid growth. The momentum is strong, positioning PURR as a potential leader among meme coins if it can maintain its upward trajectory.

PURR’s price movement will be crucial, as it faces key resistance at $0.274. If the meme coin manages to break through this level and secure it as support, a further rally towards $0.300 is likely. The continued bullish momentum could see PURR solidify its position in the market.

PURR Price Analysis. Source:  TradingView

However, if selling pressure emerges unexpectedly, PURR could decline. Falling below the $0.228 support level would jeopardize the uptrend. A further drop could take PURR towards $0.162, invalidating the bullish outlook and signaling a potential consolidation phase.