Popcat Surges 24% On a Bad Day For Meme Coins

Popular meme coin Popcat ($POPCAT) is the only meme coin among the fifteen biggest by market capitalization to not post overnight losses today.

The $52 billion sector’s favorite feline hit a $1 billion market cap in the midst of a fearsome rally that propelled it to become the seventh largest meme coin a fortnight ago. Today Popcat has consolidated those gains.

According to the data, Popcat is currently trading at $1.20, which spells a nominal 1% gain in the last 24 hours. Those who have had the token for the last seven days have seen their bags blow up 24%, while Popcat’s 30-day gains stand at 97%

Popcat has escaped today’s meme coin dip, which has shaven 2.4% off the $15.6 billion sector leader Dogecoin ($DOGE) overnight. Pepe ($PEPE) , the largest non-canine meme coin, fell 3.6% in the last 24 hours.

These losses are broadly in line with the wider crypto market, which contracted 3.1% since this time yesterday and currently stands at $2.23 trillion.

Market leader Bitcoin ($BTC) fell 2% down to $60,993.

Popcat: How A Solana Meme Coin Is Challenging Blue Chip Projects

Popcat is Solana’s hottest new meme coin. It’s based on a popular meme from 2020, featuring a cartoon cat named ‘Oatmeal’ with a wide-open O-shaped mouth.

The Solana meme coin launched December and has been consistently rallying upwards ever since.

It has largely been buoyed by growing interest in Solana meme coins, which was catalyzed in January this year on the launch of the network’s exclusive meme coin minting protocol Pump.fun.

Popcat’s explosive recent rally actually drove the token to post an all-time high of $1.47 on October 7, which it has since pulled back from by about 18%.

However, the green rising support line on the chart below indicates the token has effectively consolidated its current position.

Source: TradingView

A relative strength index (RSI) of 56 and rising gives the token plenty of headroom to potentially chase a new ATH this weekend.

As Solana Meme Coins Surge, Crypto All-Stars Raises Over $2 Million

Solana now corners nearly $10 billion of the $50 billion sector and has three top ten meme coins, each with market caps over a billion dollars.

However, tokens like Popcat are low-utility, and are really only held to exploit price rises.

That’s why Web3’s biggest builders are creating new projects to add more value and utility to meme coins.

One project—a unified staking protocol for meme coin fans—is Crypto All-Stars ($STARS), a revolutionary platform that brings together the most celebrated meme coins in one place.

Holders of Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, Based Brett, MogCoin, Milady, TurboToken, Toshi The Cat, Coq Inu, and BonkCoin can stake them in the MemeVault and earn passive income in the form of $STARS with a rewards rate currently set at 688%.

The team will integrate more meme coins later.

The team has allocated 20% of the tokens for its presale; the other 25% is for presale staking, 20% for marketing, 10% for CEX/DEX listing, and the remaining 25% for the MemeVault ecosystem.

The project has gained so much popularity that its presale has already over $2.16 million.

Following the purchase, investors can begin staking for rewards and claim the tokens once the presale ends.

Head to the website to buy $STARS with ETH, USDT, BNB, or even by card.

Follow Crypto All-Stars on social media – X (Twitter) | Telegram to stay up-to-date on all the developments.

Visit the Crypto All-Stars Presale Website Here