Key Takeaways
- Popcat’s (POPCAT) price reaches its highest point ever (ATH) of $1.67.
- Over the last day, POPCAT has been one of the cryptocurrency market’s biggest winners.
- Although corrections are probable, some traders think POPCAT might rise above $2.
Meme coin POPCAT surges 24.63% in a single day, reaching an all-time high of $1.67. Cryptocurrency traders anticipate more gains, possibly surpassing the $2 threshold.
POPCAT’s price peaked at $1.67 on October 24 after almost hitting $1.7.
CoinGecko reports that the cat meme coin increased 24.63% during the last day, reaching an all-time high of $1.67 from $1.34.
The price has somewhat declined and is now trading at $1.50 despite the previous surge.
Why Is the Price of POPCAT Increasing?
It is difficult to forecast the emergence of meme currencies because forecasts are frequently impacted by social media mentions or exchange listings. One of the most popular meme coins on Solana (SOL) right now is POPCAT.
Among Solana’s meme coins, POPCAT is ranked third with a market cap of $1.5 billion, behind Dogwifhat (WIF) and Bonk (BONK), which have market caps of $2.5 billion and $1.6 billion, respectively.
It’s interesting to see that cat meme coins, such as POPCAT and MEW (which have a $938.7 million market capitalization), have been outperforming their competitors with dog themes. MEW also saw a significant spike, going from $0.008 to $0.01 in a single day.
Will POPCAT Break $2 or Drop Below $1.5?
POPCAT’s price has jumped frequently, ranging from $1.2 to $1.3. Bluntz, a cryptocurrency trader on X (previously Twitter), points out a parabolic trend in POPCAT’s chart that suggests a possible future rise.
According to Bluntz, a correction might cause the price to drop to $1.48 before it surpasses $2. Another trader believes that this rise is a breakout and that POPCAT’s accumulating phase may be coming to an end.
