POPCAT Shoots Up From $0.01 to $1.44 in 144x Move – Could This Coin Be the Next to Skyrocket

Author

Joel Frank

Author

Joel Frank

About Author

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology…

Share

Last updated:

October 7, 2024 11:51 EDT

Why Trust Cryptonews

With over a decade of crypto coverage, Cryptonews delivers authoritative insights you can rely on. Our veteran team of journalists and analysts combines in-depth market knowledge with hands-on testing of blockchain technologies. We maintain strict editorial standards, ensuring factual accuracy and impartial reporting on both established cryptocurrencies and emerging projects. Our longstanding presence in the industry and commitment to quality journalism make Cryptonews a trusted source in the dynamic world of digital assets. Read more about Cryptonews

Over the past week, Popcat (POPCAT), the Solana-based meme coin, surged from $0.01 to an impressive $1.44 after breaking the $1.0 resistance, becoming one of the best-performing cryptocurrencies in recent sessions.

This jump follows a sustained rally since the beginning of the year, pushing Popcat’s price up by over 144 times.

POPCAT’s rise has been largely driven by technical buying after it broke out of a long-term ascending triangle pattern.

As of now, its market cap stands just under $1.4 billion, according to CoinMarketCap, positioning it as a growing player in the meme coin market.

POPCAT: A Meme Coin with Serious Potential?

Launched in December 2023, POPCAT started 2024 with a modest price of $0.01, but its extraordinary rally has quickly made it a name to watch in the meme coin market.

With over 60,000 followers on X and more than 16,000 on Telegram, Popcat’s community continues to grow. In addition, there are nearly 73,000 unique holders, as tracked by Solscan.io.

As long as these community metrics continue to strengthen, POPCAT could see further growth.

Meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) currently hold market caps of $16.6 billion and $10.9 billion, respectively, and there’s speculation that Popcat could follow a similar trajectory.

Some analysts suggest that if the momentum holds, Popcat could eventually reach a market cap of over $10 billion, which would represent a significant leap from its current valuation.

For more analysis on where POPCAT could go next, here’s Cryptonews.com’s in-house analyst Crypto Chester with a detailed price prediction for the meme coin:

Another Meme Coin on the Radar: Meme Bets (MEMEBET)

Another meme coin that’s gaining attention is Meme Bets (MEMEBET), a utility-focused token designed for use in a crypto casino.

Analysts have noted its potential, and it has raised $380,000 in its presale so far. Meme Bets seeks to be the first crypto casino to allow players to bet using meme coins.

For more details on MEMEBET’s potential and why it’s considered one of the top three meme coins right now, Crypto Chester outlines its 100x growth possibility in the following video:

Buy MEMEBET Here

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.