$POPCAT Surges 14.5% in 24 Hours, Reaching $1 Billion Market Cap Milestone

Memecoins have recently dominated the crypto market, and $POPCAT is no exception. According to Coingecko, this meme-inspired token surged 14.5% in the last 24 hours, pushing its market cap above the $1 billion mark.

Popcat’s Growth Fueled by Market Sentiment

Popcat’s recent rise aligns with the broader market trend. The token gained significant attention when Bitcoin broke past $63,000 on September 19, 2024. This surge rekindled hopes for a crypto bull run, driving both new and experienced investors to $POPCAT.

Since its December 2023 launch, Popcat has experienced staggering growth, surging by 6,000% in under a year. In 2024, $POPCAT evolved from a humorous meme token to a serious contender in the crypto space, attracting more investors as its momentum continues to build.

$Popcat Gains Traction on Decentralized Exchanges (DEXs)

In addition to price increases, $POPCAT is gaining more traction on decentralized exchanges (DEXs). GeckoTerminal reports that Popcat and Solana are the second-largest pools on DEXs, boasting a combined trading volume of $43.35 million.

This growing demand highlights the increasing preference for decentralized platforms as traders move away from centralized exchanges. While analysts remain split on $POPCAT’s future, with some forecasting it could hit $2 by year-end, others are more cautious, suggesting the price may hover near $1 before further substantial growth.

Despite mixed analyst opinions, investor optimism remains high, with $POPCAT continuing its upward trend.