- Popcat rose greater than 10% to hit a brand new all-time excessive of $1.67.
- The rise of cat-themed meme cash coincides with the rise of most meme cash.
Popcat (POPCAT) is among the many highest incomes cash within the high 100 by market capitalization. This comes as the value of Popcat noticed a 24-hour achieve of over 10.5% to hit a brand new all-time excessive of $1.67.
The cat-themed meme coin Solana has jumped greater than 24% within the final week and 69% within the final 30 days. Its value hovered simply above $0.88 on September twenty fourth, gaining momentum following the Kraken IPO.
Bulls continued greater, breaking out of the $1.33 low throughout Asian hours and hitting a brand new ATH. The rise occurred inside a rising channel. A retest of the higher trendline and breakout noticed it rise to a brand new all-time excessive.
Total, Popcat's beneficial properties coincided with the broader development of the meme coin market.
POPCAT leads meme coin rally
Whereas Dogecoin, Shiba Inu, and dogwifhat are among the many tokens which are rising because the crypto market targets new momentum, POPCAT has stood out as one of many higher performers.
Over the previous 24 hours, the token's market cap has overtaken Bonk and Floki, earlier than the previous regained the higher hand in taking income for POPCAT.
In accordance with CoinGecko knowledge, meme cash at present stand at $1.55 billion and $1.50 billion respectively for Bonk and Popcat. Floki, which has struggled over the previous month and is simply up 6% on the time of writing, has a market cap of $1.39 billion.
Within the 4-hour chart above, the POPCAT/USDT pair is more likely to revisit the higher pattern line of the channel for assist. Success may permit the bulls to push greater amid value discovery – particularly if market situations present a bullish tailwind goal.
Nevertheless, a break above $1.51 may push POPCAT to main assist at $1.36.
