As the cryptocurrency market recovers after the bitcoin halving, coins meme gain prominence with significant valuations. Recently, a Solana-based memecoin capitulated its price by more than 52% on April 26, reaching a new historic milestone.
Popcat (POPCAT), a meme token operating on the Solana network, has seen an impressive jump of over 50% in value in the last day alone. At the time of publication, the price of POPCAT was quoted at US$0,5352, up 50.9% in the last 24 hours. During this period, the cryptocurrency recorded a trading volume of US$131.533.860.
In its development week, the meme cryptocurrency has seen an explosion in its price by soaring an impressive 242.8% in the last seven days alone. Currently, POPCAT is the ninth largest meme cryptocurrency on the market with a capitalization of $526.444.194.
The cryptocurrency's recent substantial rise positions POPCAT alongside other meme tokens with high market capitalization, such as dogwifhat (WIF), Dogecoin (DOGE), PEPE and Shiba Inu (SHIB).
Furthermore, the explosive rise of the last day made the cryptocurrency reach its all-time high price. The highest price paid for Popcat (POPCAT) was $0,5444, recorded on April 26. Comparatively, the current price is 1,66% lower than the historic peak reached today.
It is worth remembering that, recently, the analysis platform Santiment highlighted, in an analysis released on April 22, the two altcoins that have captured investors' attention in the current market, they are: POPCAT and AMP. Both stand out in an already effervescent market, each with its own peculiarities and promises of value. The community is currently optimistic about the future of the POPCAT memecoin, however, there are concerns about a possible correction in its price due to the end of the impulse buying phenomenon, which is known as FOMO (Fear of Missing Out).
