- Popcat rose greater than 10% to succeed in a brand new all-time excessive of $1.67.
- The surge within the cat-themed meme coin coincides with an uptick in most meme cash.
Popcat (POPCAT) is among the many highest gaining cash within the high 100 by market capitalization. This comes as Popcat worth recorded an increase of over 10.5% over 24 hours to hit a brand new all-time excessive of $1.67.
The cat-themed meme coin Solana has surged greater than 24% over the previous week and 69% over the previous 30 days. Its worth was hovering simply above $0.88 on September 24, having gained momentum following its itemizing on Kraken.
The bulls continued to maneuver greater, rising from the low of $1.33 throughout Asian hours to succeed in the brand new ATH. The rise occurred as a part of an ascending channel sample. The retest of the higher trendline and breakout noticed it attain a brand new all-time excessive.
General, Popcat's beneficial properties coincided with a broader rise within the meme coin market.
POPCAT leads coin rally
Whereas Dogecoin, Shiba Inu, and dogwifhat are among the many tokens rising because the crypto market goals for brand new momentum, POPCAT stood out as one of many outperformers.
Over the previous 24 hours, the token's market cap surpassed that of Bonk and Floki, earlier than the previous regained the higher hand amid POPCAT's profit-taking.
In accordance with CoinGecko information, meme cash at the moment stand at $1.55 billion and $1.50 billion for Bonk and Popcat, respectively. Floki, which has struggled over the previous month, gaining simply 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 trendline of the channel to achieve assist. Success may permit the bulls to push greater amid worth discovery – significantly if market circumstances present the goal tailwinds for the bulls.
Nevertheless, a break past $1.51 may push POPCAT to the primary assist at $1.36.
