💥💥Historic Peak from Solana-Based Meme Coin: Rally Ready to Continue! 💥💥

Solana-based meme coin POPCAT reached an all-time high of $1.47 earlier in the day. The meme coin gained 19% on a daily basis, 54% on a weekly basis, and 189% on a monthly basis.

The cat-themed cryptocurrency ranked 63rd among the top projects in terms of market value with a value of $1.42 billion. However, it has fallen 0.7% from its peak. POPCAT's recent rise is in line with the general market trend; Bitcoin (BTC) has returned to the $63,000 level after falling to $60,000 last week. The market's revival may have been driven by the positive employment data released on Friday.

POPCAT's rally may also be due to the possibility of a Federal Reserve interest rate cut in November. The platform predicts POPCAT to surpass $2 in the next ten days and surpass $3.53 on October 31. Reaching $3.53 from current price levels would require an increase of approximately 141.7%.

Considering that Bitcoin (BTC) maintains its bullish outlook, POPCAT’s rally is likely to continue. However, if the market experiences a correction, the meme coin could suffer a similar situation. Geopolitical tensions in the Middle East could lead to a decrease in investor sentiment, which could negatively affect the asset’s price.

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