Popcat Pumps to New All-Time High, Surpassing $1B Market Cap – Should You Buy and Hold?

Popcat, a Solana meme coin, recently reached a new all-time high of $1.07, boosting its market cap to $1 billion.

This significant surge follows a strong recovery from earlier lows, mirroring the broader crypto market’s upward momentum.

As Popcat’s bullish trend continues, many investors are wondering if now is the best time to invest in this cat-themed meme coin.

With the overall market showing signs of recovery and meme coins gaining traction, let’s delve deeper into Popcat’s rise and explore its potential for further growth.

Meme coins are gaining momentum, with the broader cryptocurrency market showing bullish signs. Bitcoin is nearing $64,000, and the fear-and-greed index has shifted to neutral at 51, hinting at a possible move toward greed.

Meme coins like Popcat are riding this wave, becoming one of the top performers in terms of both gains and community engagement.

Popcat’s price has surged, showing an upward trend. Yesterday, the Solana-based coin gained momentum, reaching an all-time high of $1.07 on September 25. This rise aligns with the broader crypto market’s strength.

Popcat’s market cap also passed $1 billion during this time. Though its price has pulled back slightly from $1.07 to $1.02, it remains more than 10% higher over the past 24 hours. Technical data from the 4-hour chart shows Popcat on a positive trend.

The Relative Strength Index (RSI) is at 63.22, meaning the coin is getting close to being overbought. If Popcat breaks through its current resistance, it could reach $1.15. With continued bullish momentum, it may even surge to $1.57, which would be more than a 50% increase.

While Popcat’s growth is impressive, potential corrections should be kept in mind. Fast price increases can lead to short-term drops, but the long-term outlook for meme coins remains strong. As the crypto market shows signs of strength, meme coins could see a significant rise, especially in October.

Dollar-cost averaging might be a good strategy for those wanting to invest in Popcat during this hot market. For those already holding Popcat, selling now may not be the best move. The market sentiment for meme coins is positive, and with more potential gains ahead, holding could lead to further profits.

If you’re looking for investment opportunities that could offer big returns and increase in value during the next bull run, check out our guide here for the best crypto presales of 2024.

Pepe Unchained is the newest meme coin catching attention. It raised over $15 million in its presale. Investors are buying $PEPU tokens at $0.00985 each, hoping to get in before the public launch.

The presale follows a staged structure, with the $PEPU price rising every few days to create FOMO. Investors can buy $PEPU with ETH, USDT, BNB, or even credit/debit cards, making it easy to access. After the presale, token claims will open, and a DEX listing will follow.

An incredible $15M raised!