Popcat (POPCAT) surged 11% in the past 24 hours and an overall 30% gain for the week, taking the spotlight from Dogecoin (DOGE), which has fared poor. However, DOGE’s recent single-day rise of 2% could signal that its rally may be cooling off.
POPCAT’s recent rise seems to mirror Bitcoin’s recovery from a four-month slump. When Bitcoin previously began climbing, POPCAT hit an all-time high of $1.50, before settling at $1.37.
The Market Capitalization is valued at $1.36 billion and 24-hour trading volume stands at $145.62 million, surging almost 28%.
DOGE, meanwhile, was driven by investors seeking opportunities in alternative coins and spiked to $0.15 during the broader market’s surge. Dogecoin surged almost 8% in 7 days but has currently dropped 4% in 24 hours, standing at $0.1371.
DOGECOIN’s market capitalization is currently valued at $20.09 billion and its 24-hour trading volume dropped 21% to $1.42 billion.
Interestingly, POPCAT dipped to $1.23 shortly after its all-time high, and last week saw a large withdrawal of $4 million worth of POPCAT from exchanges. This may indicate that investors are buying in, possibly after DOGE’s strong performance.
Also Read: Can Bitcoin Reach $80K Before the US Elections?
