{"id":638239,"date":"2024-08-28T13:00:16","date_gmt":"2024-08-28T13:00:16","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=638239"},"modified":"2024-08-28T10:23:08","modified_gmt":"2024-08-28T10:23:08","slug":"new-memecoin-popcat-claws-its-way-up-dominates-top-100-cryptos-with-62-rally","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/new-memecoin-popcat-claws-its-way-up-dominates-top-100-cryptos-with-62-rally\/","title":{"rendered":"New Memecoin Popcat Claws Its Way Up, Dominates Top 100 Cryptos With 62% Rally"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Memecoins are an interesting facet of the crypto market. Popcat, a new addition to the long list of memecoins available for investors, has drawn the attention of investors and traders after its price shot up since it was first released on Solana. According to <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/popcat\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">CoinGecko<\/span><\/a><span style=\"font-weight: 400\">, the token has risen nearly 53% since last week, an incredible achievement for the token.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/news\/new-ath-incoming-expert-says-pepe-poised-for-humongous-breakout\/\" target=\"_blank\" rel=\"noopener \">New ATH Incoming? Expert Says PEPE Poised For \u2018Humongous\u2019 Breakout<\/a><\/div>\n<p><span style=\"font-weight: 400\">The rally has been impressive for the meme coin, but the market\u2019s general bearishness cannot be understated. The broader market is down nearly 8% after weeks of continuous bullishness ever since the start of August. The question then is whether Popcat will continue its astonishing rally or follow the consensus of the market.\u00a0<\/span><\/p>\n<h2><strong>Robinhood Announces Support For Solana<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Yesterday, the highlight went to Solana after news that Robinhood, a trading platform that caters to crypto enthusiasts as well, <\/span><a href=\"https:\/\/x.com\/DegenerateNews\/status\/59789469\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">announced<\/span><\/a><span style=\"font-weight: 400\"> that it now supports the Solana network. Popcat, being part of the Solana network, will benefit from this it opens the meme coin to retail investors outside the typical crypto space.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">BREAKING: <a href=\"https:\/\/twitter.com\/RobinhoodApp?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@RobinhoodApp<\/a> WALLET ADDS SOLANA NETWORK SUPPORT &#8211; &#8220;YOU CAN SELF-CUSTODY SOLANA TOKENS AND SEND + RECEIVE OVER THE SOLANA BLOCKCHAIN&#8221; <a href=\"https:\/\/t.co\/DVvJmVbb8Z\" rel=\"nofollow\">pic.twitter.com\/DVvJmVbb8Z<\/a><\/p>\n<p>\u2014 DEGEN NEWS (@DegenerateNews) <a href=\"https:\/\/twitter.com\/DegenerateNews\/status\/59789469?ref_src=twsrc%5Etfw\" rel=\"nofollow\">August 27, 2024<\/a><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">With the hype surrounding the token, it was also <\/span><a href=\"https:\/\/x.com\/rabbitx_io\/status\/76155991\" rel=\"nofollow\"><span style=\"font-weight: 400\">listed<\/span><\/a><span style=\"font-weight: 400\"> on Rabbit, a crypto trading platform.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">These developments will help Popcat gain more traction despite the market forming a slippery slope as the bears overtake the bulls in the short term. However, investors should be cautious as the bearish consensus in the market might be foresight on what\u2019s to come for Popcat.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\udce2RabbitX Listing Announcement \ud83d\udce2<\/p>\n<p>By community request, <a href=\"https:\/\/twitter.com\/search?q=%24POPCAT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$POPCAT<\/a> is now available for trading with up to 20x leverage at <a href=\"https:\/\/t.co\/wbZb9jUboe\" rel=\"nofollow\">https:\/\/t.co\/wbZb9jUboe<\/a><\/p>\n<p>Back the Bunny!<\/p>\n<p>\ud83d\udc30\ud83d\udc95\ud83d\ude40 <a href=\"https:\/\/t.co\/PgQcQgFl8z\" rel=\"nofollow\">pic.twitter.com\/PgQcQgFl8z<\/a><\/p>\n<p>\u2014 RabbitX \ud83d\udc07 Get \ud83d\udcf2 App Now! (@rabbitx_io) <a href=\"https:\/\/twitter.com\/rabbitx_io\/status\/76155991?ref_src=twsrc%5Etfw\" rel=\"nofollow\">August 27, 2024<\/a><\/p><\/blockquote>\n<h2><strong>Rejection At $0.7172 Shows Downward Trajectory<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Despite Popcat\u2019s surprising performance in the past seven days, a flip in investor sentiment might have already occurred within the past couple of days. As it currently stands, the token has been rejected on the $0.7172 ceiling, delaying any hope for the coin&#8217;s rally to break through $0.7172.\u00a0<\/span><\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/xUmofPmg\/\" width=\"1835\" height=\"883\"><figcaption class=\"wp-caption-text\">SOL is currently trading at $146.8. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">The token has a strong position though. Sitting between $0.62 and $0.71 places it comfortably on a strong rebound platform that opens the opportunity to retest $1 if the market environment favors the bulls. It also sports a high correlation with Bitcoin which, at the very least, will pull the token upward once the bulls retake their dominance in the long term.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-638244\" src=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/a_283f37.png?resize=564%2C251\" alt=\"\" width=\"564\" height=\"251\" srcset=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/a_283f37.png?w=564 564w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/a_283f37.png?w=460 460w\" sizes=\"auto, (max-width: 564px) 100vw, 564px\"><\/p>\n<p><span style=\"font-weight: 400\">However, the short term remains to be bear territory as the bears continue to halt any progress in the meme coin&#8217;s upward trajectory. In this case, bears are eyeing a target of $0.41 in the medium term to secure their gains.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/news\/floki-bullish-breakout-ignites-could-a-96-surge-be-next\/\" target=\"_blank\" rel=\"noopener \">Floki Bullish Breakout Ignites: Could A 96% Surge Be Next?<\/a><\/div>\n<p><span style=\"font-weight: 400\">On the other hand, the bulls should continue attempting to stabilize the token\u2019s price between $0.62 and $0.71 to prevent the bears from gaining ground in the long term. Investors and traders should also monitor the market\u2019s general movement to prevent further losses.\u00a0<\/span><\/p>\n<p><em>Featured image from SolanaFloor, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Memecoins are an interesting facet of the crypto market. Popcat, a new addition to the long list of memecoins available for investors, has drawn the attention of investors and traders after its price shot up since it was first released on Solana. According to CoinGecko, the token has risen nearly 53% since last week, an incredible achievement for the token.\u00a0 Related Reading: New ATH Incoming? Expert Says PEPE Poised For \u2018Humongous\u2019 Breakout The rally has been impressive for the meme coin, but the market\u2019s general bearishness cannot be understated. The broader market is down nearly 8% after weeks of continuous bullishness ever since the start of August. The question then is whether Popcat will continue its astonishing rally or follow the consensus of the market.\u00a0 Robinhood Announces Support For Solana Yesterday, the highlight went to Solana after news that Robinhood, a trading platform that caters to crypto enthusiasts as well, announced that it now supports the Solana network. Popcat, being part of the Solana network, will benefit from this it opens the meme coin to retail investors outside the typical crypto space.\u00a0 BREAKING: @RobinhoodApp WALLET ADDS SOLANA NETWORK SUPPORT &#8211; &#8220;YOU CAN SELF-CUSTODY SOLANA TOKENS AND SEND + RECEIVE OVER THE SOLANA BLOCKCHAIN&#8221; pic.twitter.com\/DVvJmVbb8Z \u2014 DEGEN NEWS (@DegenerateNews) August 27, 2024 With the hype surrounding the token, it was also listed on Rabbit, a crypto trading platform.\u00a0 These developments will help Popcat gain more traction despite the market forming a slippery slope as the bears overtake the bulls in the short term. However, investors should be cautious as the bearish consensus in the market might be foresight on what\u2019s to come for Popcat.\u00a0 \ud83d\udce2RabbitX Listing Announcement \ud83d\udce2 By community request, $POPCAT is now available for trading with up to 20x leverage at https:\/\/t.co\/wbZb9jUboe Back the Bunny! \ud83d\udc30\ud83d\udc95\ud83d\ude40 pic.twitter.com\/PgQcQgFl8z \u2014 RabbitX \ud83d\udc07 Get \ud83d\udcf2 App Now! (@rabbitx_io) August 27, 2024 Rejection At $0.7172 Shows Downward Trajectory Despite Popcat\u2019s surprising performance in the past seven days, a flip in investor sentiment might have already occurred within the past couple of days. As it currently stands, the token has been rejected on the $0.7172 ceiling, delaying any hope for the coin&#8217;s rally to break through $0.7172.\u00a0 The token has a strong position though. Sitting between $0.62 and $0.71 places it comfortably on a strong rebound platform that opens the opportunity to retest $1 if the market environment favors the bulls. It also sports a high correlation with Bitcoin which, at the very least, will pull the token upward once the bulls retake their dominance in the long term. However, the short term remains to be bear territory as the bears continue to halt any progress in the meme coin&#8217;s upward trajectory. In this case, bears are eyeing a target of $0.41 in the medium term to secure their gains.\u00a0 Related Reading: Floki Bullish Breakout Ignites: Could A 96% Surge Be Next? On the other hand, the bulls should continue attempting to stabilize the token\u2019s price between $0.62 and $0.71 to prevent the bears from gaining ground in the long term. Investors and traders should also monitor the market\u2019s general movement to prevent further losses.\u00a0 Featured image from SolanaFloor, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":638250,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[6664,86970,84471,91898,83626],"class_list":["post-638239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-joke-coin","tag-meme-coin","tag-popcat","tag-solana"],"acf":[],"yoast_head":"\n<title>New Memecoin Popcat Dominates Top 100 Cryptos With 62% Rally<\/title>\n<meta name=\"description\" content=\"Memecoins are an interesting facet of the crypto market. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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