POPCAT Shoots Up From $0.01 to $1.44 in 144x Move – Could This Coin Be the Next to Skyrocket
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...
Over the past week, Popcat (POPCAT), the Solana-based meme coin, surged from $0.01 to an impressive $1.44 after breaking the $1.0 resistance, becoming one of the best-performing cryptocurrencies in recent sessions.
This jump follows a sustained rally since the beginning of the year, pushing Popcat’s price up by over 144 times.
POPCAT’s rise has been largely driven by technical buying after it broke out of a long-term ascending triangle pattern.
As of now, its market cap stands just under $1.4 billion, according to CoinMarketCap, positioning it as a growing player in the meme coin market.
Launched in December 2023, POPCAT started 2024 with a modest price of $0.01, but its extraordinary rally has quickly made it a name to watch in the meme coin market.
With over 60,000 followers on X and more than 16,000 on Telegram, Popcat’s community continues to grow. In addition, there are nearly 73,000 unique holders, as tracked by Solscan.io.
As long as these community metrics continue to strengthen, POPCAT could see further growth.
Meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) currently hold market caps of $16.6 billion and $10.9 billion, respectively, and there’s speculation that Popcat could follow a similar trajectory.
Some analysts suggest that if the momentum holds, Popcat could eventually reach a market cap of over $10 billion, which would represent a significant leap from its current valuation.
For more analysis on where POPCAT could go next, here’s Cryptonews.com’s in-house analyst Crypto Chester with a detailed price
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