Will POPCAT, the rising star of the Solana blockchain and the new favorite of the memecoin world, reach $2 by the end of 2024? Here are the curious details and analyzes that excite investors!

Despite skepticism, Solana memecoins continue to attract investor attention, with projects such as Bonk ($BONK), Dogwifhat ($WIF), and Popcat (POPCAT) in particular continuing to trend by significantly increasing the transaction volume of the Solana blockchain.

According to crypto analysis by AMBCrypto, POPCAT is rapidly advancing towards reaching a market value of $ 1 billion in a short time. The analysis emphasizes that open interest, funding rates and total liquidations give positive signals, and it is predicted that POPCAT will gain over 100% before the end of 2024.

Looking at CoinGecko data, POPCAT has increased by 51% in the last two weeks and its market value has reached $900 million. The average daily trading volume has reached $80 million. It is said that POPCAT, which has been steadily increasing since September 8, is preparing for a potential bull run and the price may rise above $1.

AMBCrypto says, “The market crash on August 5th created the bottom for POPCAT,” indicating that the recovery following this level is a strong signal. POPCAT seems to be pushing $1 with its current momentum. If market conditions continue to be favorable, it is possible to reach $2 by the end of 2024. However, analysts also state that the psychological resistance level at $1 should be monitored carefully and that this level could create significant selling pressure. Support levels are shown as $0.80 and $0.50.

In this period when POPCAT is gaining strength, traders are closely following the price chart and expecting higher profits. Open Interest (OI) weighted funding rates also point to POPCAT's long-term earning potential.

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