Here’s Why Popcat Dominates the 7-Day Chart

Wednesday’s seven-day chart wasn’t a catastrophe for the main crypto property, however many of the high cash had been within the crimson. These embody a 3% drop in Bitcoin costs after a sudden drop in open curiosity in BTC futures from institutional cryptocurrency buyers.

On the identical time, Popcat has proven particular energy amongst meme cash. Most blue chip memes are down This week, for instance, Dogecoin (-6%), Pepe (-2%) and Buncoin (-2%). However as of midday Wednesday, Chicago time, Popcat’s weekly good points reached an astonishing 52%.

For this reason Popcat costs have elevated considerably over the previous week.

Why Popcat tops Wednesday’s 7D worth leaders

Along with continued assist for Popcat’s worth, resembling its huge market cap (over $600 million this week), excessive liquidity, and powerful meme neighborhood, Binance lately provided crypto derivatives for the Solana cat meme coin. alternate announced New Popcat merchandise from every week in the past, Thursday, August twenty second.

For these perverts who really feel that Meme coin’s 52% weekly worth improve isn’t thrilling sufficient, Binance has listed the Popcat-USDT perpetual futures contract on its menu with as much as 75x leverage.

The corporate additionally concurrently listed futures contracts for Tron’s SUN token, serving to the $300 million governance and utility token soar 91% on the rankings, in response to CoinMarketCap.

Guan Lian spot On August 22, Popcat was bought for an enormous $5 million utilizing SOL tokens.

Tier 1 Solana assist for Popcat

Solana is the one cryptocurrency within the high 10 That’s it The week ends on Wednesday. So, this may very well be the explanation why the crypto market is seeing large good points for considered one of its main meme cash.

Over the previous yr, enthusiasm for Solana and Ethereum rival meme cash has been overwhelming. That is already evident from Bunker’s outperforming rally within the fourth quarter. Bunker is Solana’s reply to Ethereum Shiba Inu.

Based on CoinGecko, it had a return on funding of over 7,000% in 2023, making it the main cryptocurrency of the yr by this metric. However Pepe did warn final yr that the canine days had been over. Within the first quarter of this yr, Popcat achieved the very best ROI amongst all main meme tokens. This week’s efficiency means that the marketplace for huge cats continues to warmth up within the third quarter.