Solana’s Popcat Balloons 96% In A Week – The New Token To Watch?
26 Agosto 2024 - 4:00PM
NEWSBTC
Making its presence known, the meme-inspired cryptocurrency Popcat,
on the Solana blockchain, sure does know how to make waves. In 24
hours, the price rose 23% to $0.740. But equally impressive is
this: the token registered a 96% gain in the last seven days.
Source: Coingecko Related Reading: NEAR: Network Upgrade
Gives Token 23% Price Boost – Details This surge has been
sufficient to attract the attention of traders and investors due to
its magnitude. A total of $127 million worth of transactions took
place over the course of the previous day, indicating an increase
in the trading activity. Meme Culture Driving Popularity First
entering the digital currency scene in October 2020, the meme coin
is famous for the funny “pop” motion done by the feline and has
been used in a series of video clips across social media and even
in video games. The meme coin community is mostly responsible for
its success. The virtual market has many investors who profit from
trends. Popcat has distinguished itself from other meme coins by
doing this. Popcat: Strong Buy Opportunity The recent analysis has
shown Popcat holding very well on the bullish side. One of the
predictions from CoinCodex sees a rise as high as 226% to $2.44 by
September 25, 2024. Basically, this prediction is driven by a
reading of 55 for the Fear & Greed Index. Over the last 30
days, Popcat was 43% in the green and with 22.86% volatility,
positive feelings are certainly ones to be excited about. Some
analysts agree that now could be an ideal moment to buy Popcat
based on these signals since the numbers are at an all-time high.
After all, the projection suggests ongoing expansion, thus this is
quite a suitable starting position for any investor hoping to
profit on the rising upward trend of this token. Related Reading:
FET Explodes 60% After New Project Announcement – Details Market
Performance And Future Prospects With an all-time peak of $0.993
registered July 21, 2024, Popcat’s performance has been nothing
short of spectacular. At the time of writing, the token was trading
25.3% below such a peak. However, going by the recent price action,
a recovery could be just around the corner. Market observers peg
key support and resistance levels as low as $0.23 for the price
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 spotlight,
so should investors be on their toes regarding growth. Featured
image from Reddit, chart from TradingView
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