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: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 One of the predictions from CoinCodex sees a rise as high as 226% to $2.44 by September 25, 2024.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.Featured image from Reddit, chart from TradingView