POPCAT hits $1B market cap: Is a rally coming for the memecoin?

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Popcat [POPCAT] has made waves by becoming the first-ever cat-themed memecoin to reach a $1 billion market cap.

This breakthrough has captured the attention of crypto enthusiasts, fueling speculation about whether POPCAT could lead the next big memecoin rally. But can it maintain its momentum in a fast-moving market?

Additionally, on-chain data reveals a massive increase in POPCAT’s trading volume, which soared by 47.90% in just 24 hours, reaching $667.89 million at press time. Therefore, the spike in trading activity could serve as a signal that more investors are entering the market, potentially driving the price even higher.Moreover, the Open Interest for POPCAT rose 11.05% in 24 hours until press time, reaching $105.65 million. This reflected a surge in outstanding contracts as more traders are taking positions, both long and short.

 

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