Following the coin’s listing, the HappyCat price surged above 30% in less than 48 hours. The HappyCat is a meme coin recently launched in the market. Since its launch, the meme coin has garnered a lot of positive attention in the crypto community. The coin is based on a famous happy cat meme, that is trending in social media even now. In this article, we will look into this coin in detail, especially its potential in the market.
Happy Cat Current Market Standing
Happy Cat is currently ranked at #2787 based on its market capitalization. The cryptocurrency recorded its all-time high of $0.04682 today, 12th November. The coin is now trading at $0.02905 with a total market capitalization of $108.49 million. The coin was first listed on the 8th of November with an initial price of $0.00412351. After the listing, the coin briefly showed signs of a bearish trend for a couple of hours. But, it soon recovered from this and went on a bull run in the market.
At the beginning of this run, the coin was trading at $0.02167 and now it already reached $0.02905. This indicates a significant growth in the coin’s market value in just a few hours after its listing. If the market continues to favor the coin, and also if the coin gets listed on major exchanges like Binance in the future, then there is a chance that its market value will further increase in the coming days.
Factors Determining the HappyCat’s Future
As the coin is still in its initial phase, whether or not it will continue with the bull run heavily depends on the buyers. The chart analysis of the coin shows a potential for a bull run with the coin spiking occasionally. But these can all depend on the buyer’s perspective. If the coin’s demand increases in the coming hours, its market value can surge exponentially.
But the negative aspect is that if the current holders decided to trade the coin for a much more stable or profitable coin, then it can seriously impact the coin’s market value and can even cripple the current bullish trend of the coin. As of this point, we can only wait and see how the coin will perform in the market in the coming days.
HappyCat Short-Term price prediction
Based on expert opinion and with the help of various tier-1 market analysts, we have prepared a price prediction table for the HappyCat coin in the days to come. It also shows the potential ROI of the coin if you’re considering investing.
| Date | Possible Price | Potential ROI |
|---|---|---|
| 13 November 2024 | $ 0.02905 | 3.18% |
| 14 November 2024 | $ 0.030434 | 7.86% |
| 15 November 2024 | $ 0.032217 | 14.18% |
| 16 November 2024 | $ 0.034395 | 21.90% |
| 17 November 2024 | $ 0.036822 | 30.85% |
While referring to the table, you have to keep in mind that the HappyCat is a meme coin. Therefore, its price is significantly affected by the trends in social media and can vary accordingly. Also, it is speculated that the coin’s price will reach an average of $0.110229 with a potential ROI of 341.58% by the end of this year.
Is the HappyCat a good investment?
The community sentiment regarding the coin is bullish. With a trading volume of $40,308,512 in the last 24 hours, which signifies a 341.10% increase from the previous day is also in favor of the meme coin. Even though the current price is relatively lower than the all-time high, there is still time for the coin to rise in the market. The coin is currently listed on the MEXC exchange but is currently underperforming.
As the cat meme is one of the top memes on the internet, there is a 50% probability that the coin will experience a huge surge in the coming days. If you’re currently looking to buy the coin, we need to take into account the fact that the meme coins are the most volatile ones in the market. As the cat meme loses its popularity in the market, there is a high chance that the coin will fall in the market.
Even for a cute cat dancing happily, the internet fame doesn’t last long. So, it would be better if you conduct thorough research on the trends in the market, especially how the meme is doing on social media, before proceeding with the investment plan.
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