Making its presence known, the meme-inspired cryptocurrency Popcat, on the Solana blockchain, sure does know easy methods to make waves. In 24 hours, the value rose 23% to $0.740. But equally impressive is that this: the token registered a 96% gain within the last seven days.
Source: Coingecko
Related Reading
This surge has been sufficient to draw the eye of traders and investors attributable to its magnitude. A complete of $127 million price of transactions took place over the course of yesterday, indicating a rise within the trading activity.
Meme Culture Driving Popularity
First entering the digital currency scene in October 2020, the meme coin is legendary for the funny “pop” motion done by the feline and has been utilized in a series of video clips across social media and even in video games.
Total crypto market cap currently at $2.1 trillion. Chart: TradingView
The meme coin community is generally liable for its success. The virtual market has many investors who cash in on trends. Popcat has distinguished itself from other meme coins by doing this.
Popcat: Strong Buy Opportunity
The recent evaluation has shown Popcat holding thoroughly on the bullish side. One among the predictions from CoinCodex sees an increase as high as 226% to $2.44 by September 25, 2024.
Mainly, this prediction is driven by a reading of 55 for the Fear & Greed Index. Over the past 30 days, Popcat was 43% within the green and with 22.86% volatility, positive feelings are definitely ones to be enthusiastic about.
Popcat seen to rise in value in the approaching weeks. Source: CoinCodex
Some analysts agree that now might be a super moment to purchase Popcat based on these signals for the reason that numbers are at an all-time high. In spite of everything, the projection suggests ongoing expansion, thus this is sort of an appropriate starting position for any investor hoping to profit on the rising upward trend of this token.
Related Reading
Market Performance And Future Prospects
With an all-time peak of $0.993 registered July 21, 2024, Popcat’s performance has been nothing in need of spectacular. On the time of writing, the token was trading 25.3% below such a peak. Nonetheless, going by the recent price motion, a recovery might be just across the corner. Market observers peg key support and resistance levels as little as $0.23 for the value floor and $0.95 for peak resistance.
Memes, community support, and market optimism—these are what drives Popcat up. It attracts cryptoverse participants with a $725 million market cap and rising trading volume. So, as this token breaks into the crypto highlight, so should investors be on their toes regarding growth.
Featured image from Reddit, chart from TradingView