Popcat strikes brand-new ATH, leads Solana meme coin rally

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Home” Meme Coins” Popcat strikes brand-new ATH, leads Solana meme coin rally

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Vivian Nguyen

Oct. 29, 2024

Popcat’s brand-new high result in a $1.6 billion market cap, surpassing Bonk.

Author: Madmosz

Secret Takeaways

• Popcat’s cost reached a brand-new all-time high of $1.75, leading the rise in Solana meme coins.
• The marketplace cap for Solana meme coins has actually surpassed $12 billion, showing a 7% boost in the last 24 hours.

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Popcat (POPCAT), a popular meme coin on Solana, simply set a brand-new record high at $1.75 on Tuesday early morning. CoinGecko information reveals that the token has actually leapt 11% in the last 24 hours, leading the lively rally of Solana-based meme coins.

POPCAT’ s market capitalization has actually now surpassed $1.6 billion, exceeding Bonk (BONK) to end up being the second-largest Solana meme coin. BONK has actually rallied 4% over the previous 24 hours however the token’ s worth is still down 7% on the regular monthly chart.

Dogwifhat (WIF) has actually likewise experienced an 8% cost boost, preserving its position as the biggest Solana meme token by market cap.

The total market cap of Solana meme coins now stands at over $12 billion, signing up an almost 7% boost within a day. This pattern shows the growing appeal of specific niche tokens in the crypto market.

Other Solana-native meme coins like MEW, BOME, MOODENG, MYRO, and SLERF have actually likewise reported gains throughout this duration.

Apart from the Solana meme coins, developed tokens like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) have actually likewise seen significant upticks in the previous 24 hours. SHIB has actually increased by 8%, while PEPE has actually increased by 7%.

DOGE has actually turned into one of the day’ s top-performing meme coins. The token’ s worth has actually skyrocketed around 13%, reaching $0.16, driven by a current push from Elon Musk.

Musk’ s participation has actually heightened as he places himself for a possible function in the Donald Trump administration, teasing the development of a “ Department of Government Efficiency,” skillfully abbreviated DOGE.

If Trump wins the election, traders expect that DOGE’ s cost might climb up even greater. Plus, the possibility of Musk protecting a position in Trump’ s cabinet has actually doubled in the last 2 weeks, even more sustaining speculation around DOGE’ s future.

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