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Popcat (POPCAT) Meme Coin Pops 21% in 24 Hours, Enters the $1B Club

Mary-Kate Olsen
Release: 2024-10-05 18:18:23
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Popcat (POPCAT), a meme coin on the Solana blockchain, has popped 21% in just 24 hours, attracting attention from traders who see it as the next big thing in the crypto market.

Popcat (POPCAT) Meme Coin Pops 21% in 24 Hours, Enters the  src=

A meme coin on the Solana blockchain, Popcat (POPCAT) has popped 21% in just 24 hours, as traders are eyeing it to be the next big thing in the crypto market.

According to CoinMarketCap data, Popcat’s price has skyrocketed by nearly 105% over the past month, crossing the impressive $1 billion mark and earning a spot as the seventh-largest meme coin.

Crypto trader Altcoin Sherpa anticipates that Popcat will continue to rise, suggesting that “all cat beta is going to full send.” This implies a broader surge for various cat-themed cryptocurrencies, including smaller and mid-cap coins. According to Sherpa, cats are catching up to dogs this market cycle, indicating a potential shift in investor interest.

Another trader, Scient, finds Popcat’s chart to be the most bullish in the crypto world, predicting a 30% breakout if it maintains its current position. In comparison, Dogecoin (DOGE) and Shiba Inu (SHIB) have lagged behind, posting gains of only 11% and 31%, respectively, over the past month.

The broader market for cat-themed meme coins has also expanded, now valued at over $3 billion. Among the top contenders, Mog Coin (MOG) and Cat in a Dogs World (MEW) have enjoyed gains exceeding 10%.

As interest in meme coins continues to grow, Popcat is emerging as a hot topic among traders, with many keeping a close eye on its next move.

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