The Next Meme Coin Could Achieve Even Greater Success Than Popcat, Which Has Already Reached $1 Billion
In the middle of a surge that has seen its price increase 59% over the last two weeks, the popular meme currency Popcat ($POPCAT) has now crossed the $1 billion market value.
Popcat jumped over 3% in the previous 24 hours and around 17% in the last week, according to the statistics. The token is now selling at $1.04, which means all around gains for recent investors.
Popcat is now the seventh largest meme currency by market cap, up from tenth position overall.
How Did Popcat Experience Such a Dramatic Increase? A Meme Coin Showdown!
Although Popcat is now seeing a surge in value, it is not outperforming the top 10 meme currencies. In the last week, two digital currencies had increases of more than 30%.
MoneyWifHat ($WIF) from Solana increased 30% to $2.22, while Mog Coin ($MOG) increased 38.5% to $0.051498.
Last night, meme coins generally saw a rise.
The larger $2.37 trillion cryptocurrency market, on the other hand, has done little to alter from yesterday, despite Bitcoin's ($BTC) 1.2% overnight gain and 3.1% week-to-date gain to $64,375.
The Popcat price data shows that the cryptocurrency is now trading at a three-month high, maintaining a price over $1.
Signs that the rally is nearly over include a rising relative strength index (RSI) of 62 and the fact that Popcat is trading around five cents above its 30-day moving average. Nevertheless, it seems probable that Popcat will stay put heading into next week.
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