POPCAT Price Forecast: Meme Coin Hits $1 – Is $10 Next?
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...
The Popcat (POPCAT) price is flirting with a major breakout to the north of the $1.0 level, after probing with it over the course of the last week.
Geopolitics have crypto markets on the defensive at the start of October, with Israel and Iran seemingly on the verge of war.
Israeli Prime Minister Benjamin Netanyahu says Iran "made a big mistake" and "will pay" for launching a missile attack on the country https://t.co/sYZ2IZ2NLu
But October has typically been the best month of the year for crypto markets.
A rebound and fresh push higher for major cryptos and meme coins could be just around the corner, particularly against the backdrop of a bullish Fed-led global central bank easing cycle.
As traders asses what might be the best meme coin to buy now, some are weighing up the Popcat price’s potential for fresh upside.
Could it 10x in price to hit $10?
The Popcat price’s technical set-up is looking very nice right now.
The Solana meme coin has been forming a bullish ascending triangle since July.
That suggests pressure is building up for a major bullish breakout above $1.0 resistance.
Per CoinMarketCap, Popcat’s market cap was last around $950 million.
But since its launch earlier in the year, Popcat has been able to build up a strong, dedicated community.
Its X page last had over 60,000 followers, while its official Telegram channel has over 16,000 subscribers.
If the meme coin can continue to grow these numbers, it is likely to remain a leading Solana meme coin.
Popcat currently ranks as the third largest Solana meme coin after dogwifhat
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