Popcat Price Surges: A New Solana-Based Meme Coin on the Rise

Popcat Price Surges: A New Solana-Based Meme Coin on the Rise

Over the past month, the value of Popcat, a new meme coin on the Solana network, has seen a consistent upward trajectory. This digital asset’s recent gains have caught the attention of traders and investors, further fueling its growth.

In recent days, the price of Popcat has continued to climb, solidifying its bullish trend. This upward movement points to increasing interest in the token within the crypto community. Over the past week, Popcat has surged by an impressive 46%, benefiting from a broader rise in altcoins and meme-based cryptocurrencies. On a monthly scale, Popcat has soared by a remarkable 117%. At the same time, Bitcoin’s own price rise has contributed to the overall positive sentiment in the market.

Popcat Price Projection if Market Cap Reaches $2 Billion

Crypto analyst RookieXBT recently shared a bold prediction regarding $POPCAT, anticipating that it will quickly ascend the ranks to become the fifth most popular meme coin. “Believe in something,” he advised his followers, confident despite some skepticism around such ambitious forecasts.

Currently, Dogwifhat (WIF) holds the position as the fifth-largest fun-themed token, boasting a market cap of $1.8 billion. If Popcat reaches a $2 billion market cap, the token’s price could hit $2. Given that Popcat has nearly quadrupled since its August 6 low, this target seems attainable, with the possibility of doubling from $1 to $2 becoming increasingly realistic.

Can Popcat Reach $1 This Weekend?

The Chaikin Money Flow (CMF) indicator currently stands at 0.07, suggesting that money is flowing into the asset, indicating a potentially bullish sentiment. Additionally, the Moving Average Convergence Divergence (MACD) shows signs of a bullish crossover. The MACD line is currently at 0.0312, with the signal line at 0.0368, and the green histogram bars indicate growing momentum for further upward price movement.

Data from Coinglass shows fluctuating liquidations for Popcat in recent months, with notable spikes in short liquidations observed between July and mid-September. These liquidation events align with sharp price surges in both July and September, supporting the current bullish trend in the market.

With its recent momentum, Popcat is nearing the critical $1 resistance level. If this strength continues, the token could experience a further rally, potentially pushing its price to $3. Should this trend hold, Popcat could see a substantial 228% increase, representing a major recovery in its market value.