The price of popular #memecoin🚀🚀🚀 Popcat ($POPCAT
) is exploding today, even as the meme coin sector contracted an eye-watering 14% in the last 24 hours down to $62.3 billion.
Over the last day, #popcat grew in price by 7.7%, while its seven-day gains amount to 15%.
The token now retails at $1.54, after recapturing the psychologically important $1.50 mark in the early hours UTC, despite spending most of the weekend below it.
Popcat’s rally started on Thursday October 24, when the token rose to claim a new all-time high (ATH) of $1.67. The token’s current price represents an 8.1% pullback.
As previously mentioned, many traders exited meme coin positions in the last 24 hours.
This has had a negative effect on many leading cryptocurrencies, however, sector leader and original meme coin Dogecoin ($DOGE
) is up 6.2% in the last hour.
Dogecoin appears to be broadly tracking market leaders Bitcoin ($BTC
) and Ethereum ($ETH), which both rose a little more than 2% and currently change hands at $68,671 and $2,528 respectively.