Popcat Climbs to $1 Billion – Here’s Why This Next Meme Coin Could Go Even Higher
A journalist and copywriter with a decade's experience across music, video games, finance and tech.
Popular meme coin Popcat ($POPCAT) has just hit a $1 billion market cap in the midst of a rally that has added 59% its price over the last two weeks.
According to the data, Popcat is currently trading at $1.04, which spells all round gains for recent buyers after the token rose about 3% in the last 24 hours and about 17% over the last week.
Altogether, Popcat has risen to become the seventh biggest meme coin by market cap after formerly holding tenth place.
However, while Popcat may be surging right now, it’s not the best performing among the ten biggest meme coins. Two cryptocurrencies grew more than 30% over the last seven days.
Solana’s DogWifHat ($WIF) rose 30% to $2.22, while Mog Coin ($MOG) rose 38.5% to $0.051498.
In general, meme coins surged last night.
According to data by CoinCodex, the sector rose 7.2% in the last 24 hours and now has a market cap of $50.8 billion.
By contrast, the wider $2.37 trillion crypto market remains virtually unchanged from yesterday, although the $1.27 trillion cap sector leader Bitcoin ($BTC) rose 1.2% overnight and 3.1% over the week to trade at $64,375.
According to Popcat’s price chart, the token is now trading at a three-month high as it keeps its head above $1.
A rising relative strength index (RSI) of 62 together with the fact that Popcat is trading about five cents above its 30-day moving average are telltale signs that the rally has almost run its course, but Popcat will likely remain at its current level going into next week.
Popcat’s successful week is a reminder of the kind of market fervor that propels meme coins quickly up the tables.
However, beyond explosive price rises,
Read more on cryptonews.com
