POPCAT Price Hits New ATH as Meme Coin Solana Jumps 120% đđđ
POPCAT, a Solana meme coin, has hit a new record high (ATH) after experiencing significant gains. The coin soared by 109% over the past month, breaking through the crucial resistance mark of US$1.00 and reaching US$1.29.
POPCAT Is a Unique Case. One of the key factors behind POPCAT's recent price increase is its lack of correlation with Bitcoin (BTC). Unlike many other altcoins that tend to move with BTC price fluctuations, POPCAT has historically performed better when its correlation with Bitcoin decreases.
Currently, the correlation between POPCAT and BTC has fallen to 0.33, indicating a weaker relationship.This lower correlation could prove beneficial for POPCAT, as the broader crypto asset market faces challenges.
The meme coin's ability to move independently of Bitcoin has allowed it to take advantage of favorable market conditions, leading to its recent price surge.
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