🚀🔥 Popcat is on fire! With an increase of over 9,700% since its lowest point this year, this token is making waves in the crypto industry. One analyst who accurately predicted this rise is convinced it still has a lot of potential.
The price of the POPCAT token has propelled its market capitalization to over $774 million, making it the eighth largest meme coin on the market. This performance comes as most meme coins outperform major cryptocurrencies as well as other popular coins.
This rise comes amid growing demand for Solana meme coins like Dogwifhat (WIF), Book of Meme (BOME), and Bonk, transforming Solana into the largest DEX blockchain in the world.
Cryptonary, a platform offering analysis tools for crypto traders, anticipated Popcat's success from the start of the year. In a recent post, the analyst noted that he made this prediction when the token was trading at $0.04, and remains convinced that Popcat still has a lot to offer in the next three to six months.
The future performance of Popcat will probably depend on the general evolution of the crypto market, in particular Bitcoin, whose upward trend historically benefits the same coins. Recently, Popcat and other altcoins reached multi-week highs as Bitcoin soared towards $65,000.
Furthermore, according to another post from the analyst, Bitcoin could continue its rise and potentially reach $223,000. This prediction is based on the end of the capitulation of Bitcoin miners and the exponential decay model.
Furthermore, expectations of further rate cuts by the US Federal Reserve could also boost the rally of Bitcoin and Popcat. Recent US employment figures showed a rising unemployment rate, prompting investors to turn to riskier assets.
#Binance #Bitcoin #$SOL #$BONK #$WIF
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