Best Solana meme coin??
Popcat
Fourth on the list of top Solana memecoins in 2024 is Popcat, a meme coin that has swiftly gained popularity within the crypto community. Inspired by the iconic Popcat memeâa pixelated cat known for its distinctive expressionâPopcat tokens have experienced remarkable growth in just hours since their launch.
With its simple yet captivating concept, Popcat has captured the imagination of internet users and investors alike, igniting a frenzy of buying and selling activity. While the market is flooded with various Memecoins, Popcat stands out for its unique blend of simplicity, humor, and community engagement. Unlike traditional cryptos that rely on complex technology and algorithms, Popcat thrives on its straightforward concept and meme-inspired appeal.
Its rapid ascent highlights the influence of internet culture and social media in shaping trends and driving market dynamics within the memecoin space.
Another very recently launched memecoin that has skyrocketed to popularity in the list of top Solana memecoins in 2024 to look out for is Popcat. As is evident from the chart above, this meme coin managed to trade sideways since its launch and, from April 15, saw a massive rally of over 400% in a matter of a few days.
Thanks to this rally, POPCAT price has broken out of its 50 and 200-period EMAs both, and is currently trading around the psychological level of $0.4.
POPCAT price now looks well positioned to continue its rally after a bout of profit booking at the current higher levels, as some traders and investors in the market who bought early are probably looking to take some profits, causing an increase in supply in the open market.
On the downside, the S2 Fibonacci pivot level at $0.25 can serve as a region of support, as it roughly coincides with the 200-period exponential moving average
