Popular meme coin Popcat ($POPCAT) is the only meme coin among the fifteen largest coins by market capitalization that did not record losses overnight today.
The most popular cat coin in the $52 billion sector hit a $1 billion market cap amid a surge in price that made it the seventh-largest meme coin two weeks ago. Today, Popcat has consolidated that gain.
According to the data, Popcat is currently trading at $1.20, representing a nominal gain of 1% over the past 24 hours. Those who have owned the token in the past seven days have seen their holdings increase by 24%, while Popcat's 30-day gain is 97%.
Popcat has escaped today's meme coin crash, which saw industry leader Dogecoin ($DOGE) lose 2.4% of its value overnight, bringing its value to $15.6 billion. Pepe ($PEPE), the largest non-dog meme coin, is down 3.6% over the past 24 hours.
These losses are broadly in line with the broader crypto market, which is down 3.1% since this time yesterday and is now at $2.23 trillion.
Market leader Bitcoin ($BTC) fell 2% to $60,993.
Popcat: How Meme Coin Solana Is Challenging Blue Chip Projects
Popcat is Solana's hottest new meme coin. It's based on a popular meme from 2020, featuring a cartoon cat named 'Oatmeal' with an open O-shaped mouth.
The meme coin Solana launched in December and has been steadily rising in price since then.
The surge is largely due to growing interest in the Solana meme coin, which was fueled in January of this year by the launch of the network's proprietary meme minting protocol called Pump.fun.
Popcatâs recent explosive price surge actually took the tokenâs value to an all-time high of $1.47 on October 7, and it has since fallen by around 18%.
However, the ascending green support line on the chart below shows that the token has effectively consolidated its current position.
The Relative Strength Index (RSI) is 56 and rising giving this token plenty of chances to hit a new ATH later this week.
DYOR!#Write2Win #Write&Earn #Write2Learn #Write2Earn!
