Popcat (POPCAT) price, a new Solana-based meme coin, has been experiencing a consistent rise in value over the past month. The digital asset has recently entered an upward trajectory, bolstered by significant gains.
Over the last few days, the Popcat price has continued to climb, solidifying its ascending trend. This movement suggests a growing interest in the coin among traders and investors alike.
Popcat price has climbed significantly, registering a 46% increase over the last week. This uptick is a broader rise across various altcoins and meme-based cryptos. This meme coin has skyrocketed by an impressive 117% this month. Concurrently, Bitcoin price has also experienced a notable price increase, positively influencing overall market sentiment.
Popcat Price If Market Cap Hits $2B
Crypto analyst RookieXBT recently tweeted predictions about the $POPCAT token. He expects it to climb the ranks rapidly and become the fifth most popular meme coin soon. “Believe in something,” he urges his followers. Despite skepticism regarding such bold forecasts, he remains confident in his projections.
$WIF going to erase six months worth of downtrend in 2-3 weeks but you wouldn’t believe it$POPCAT will reprice further and become the 5th largest meme but you wouldn’t believe it
believe in something
— RookieXBT 🧲 (@RookieXBT) September 19, 2024
The fifth-largest fun-themed token is Dogwifhat (WIF), with a market cap of $1.8 billion. If POPCAT were to hit a market cap of $2 billion, it would put POPCAT’s price at $2. Since its August 6 low, this cat-based crypto has almost quadrupled, so it is not unlikely that the token will double from $1 to $2.
Can POPCAT price Hit $1 This weekend?
The Chaikin Money Flow (CMF) indicator stands at 0.07, suggesting that money flows into the asset, indicating potential bullish sentiment. The Moving Average Convergence Divergence (MACD) shows signs of a bullish crossover. The MACD line is currently at 0.0312, with the signal line at 0.0368. This movement suggests growing momentum for upward price movement, reinforced by green histogram bars.
According to Coinglass, the POPCAT Total Liquidations Chart shows fluctuating liquidations in recent months. Notable activity occurred between July and mid-September, with spikes in short liquidations in early September. The Popcat price showed sharp rises in July and again in September. These price surges align with increased liquidation activity. This movement is fueling the current bullish trend in the POPCAT market.
POPCAT recent upward momentum suggests it may soon test the critical $1 resistance level. This surge in strength could lead to a further rally, potentially driving the token towards the $3 mark. If this trend continues, Popcat price will experience a significant 228% increase, marking a substantial recovery in its market value.
Frequently Asked Questions (FAQs)
The recent price surge can be attributed to growing trader interest, bullish market sentiment, and overall growth in the altcoin and meme-coin sectors. Positive technical indicators have also bolstered its upward trajectory.
If Popcat reaches a $2 billion market cap, analysts predict that its price could surge beyond $3, representing a significant increase from its current levels.
Popcat has seen a 117% price increase in the past month, and over 24,000% growth from its all-time low in January 2023, showcasing its remarkable rise in value.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source: https://coingape.com/markets/top-analyst-predicts-popcat-price-if-market-cap-hit-2b/
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