- POPCAT has risen to become the 8th largest memecoin by market cap, surpassing Mog Coin.
- Yet, it still has a long road ahead to reach key psychological targets.
Unlike most memecoins, Popcat [POPCAT] has shown striking price volatility in the post-election cycle.
Just two months ago, POPCAT made a splash by reaching the $1 mark, leaving its competitors in the dust. However, it failed to attract the same capital inflow in November, and some may have written it off. But don’t count it out just yet.
Despite recent setbacks, POPCAT has climbed to become the 8th largest memecoin by market cap. Even more intriguing, the token it overtook saw a near 80% surge last month.
Now with a razor-thin gap between the two, could POPCAT be primed for a parabolic rally to an all-time high? The next target is $2. What are the odds?
Intense accumulation is the need of the hour
Much of the gains POPCAT made during the initial phase of the election rally, which propelled it to a new all-time high of $2.08 in under two weeks, have since been erased due to heavy profit-taking. As of now, the token is valued at $1.50 (at the time of writing).
As a result, POPCAT stands out as the only token among the
