POPCAT Heads to Kraken: Pump or Dump?

• Kraken confirmed that it would list POPCAT on September 12th.
• POPCAT surged more than 5% and is trading at $0.6559.
• POPCAT is expected to trade at $0.90 as 2024 ends.

Popcat (POPCAT), a top meme coin on the Solana blockchain, has surged over 5% in the last 24 hours, even as the broader crypto market struggles. This jump comes as major crypto exchange Kraken announced it will list POPCAT for spot trading on September 19th, at 3 PM UTC.

Kraken confirmed the listing in a September 12th post on X (formerly Twitter), highlighting POPCAT’s incredible 3940.84% growth since the start of September. As of this writing, the coin is trading at $0.6559, a 5.3% increase in the last 24 hours.

Read also: Solana Daily Transaction Fees Hit Multi-Month Low as Meme coin Hype Fades

POPCAT currently holds the third spot among Solana meme coins, boasting a market cap of $641 million, per CoinMarketCap. It also ranks 91st overall in the crypto market by valuation.

Bullish Momentum Builds as Traders Anticipate Listing

Traders, expecting a price jump after the listing, have been snapping up POPCAT, driving bullish sentiment. The coin is up 21.19% over the past week and 15.45% in the last 30 days. However, it’s still trading 34.24% below its July 2024 all-time high of $0.9976.

The TradingView chart shows POPCAT’s Relative Strength Index (RSI) at 55.79, confirming the bulls have the upper hand. The upward slope hints at further short-term gains.

Analysts predict POPCAT could reach $0.90 in 2024 as its popularity and community grow. By 2030, with blockchain technology evolving, it may hit a peak of $5. If meme coins and crypto truly go mainstream, POPCAT could even reach $59.55 by 2040.