A Solana-based memecoin called Popcat (POPCAT) has been on a wild ride. After skyrocketing over 110% in just a few days, reaching a new all-time high, it’s now showing signs of a potential correction.
Popcat’s Rollercoaster Ride
Popcat shot up from around $0.47 to nearly $1 in just a few days, attracting a lot of attention from traders. However, crypto analytics firm Santiment warns that this sudden interest and price surge often leads to a correction, where the price drops back down.
Is the Correction Already Happening?
Popcat is currently trading at around $0.85, down almost 7% in the last 24 hours. While it’s still up nearly 14% over the past week, the recent drop could be the start of a correction.
Bitcoin’s Unexpected Rally
Meanwhile, Bitcoin has also been on a surprising rally, climbing back towards $70,000. This unexpected move has silenced many Bitcoin bears, who were predicting a major market downturn just a few weeks ago.
What’s Next?
It’s hard to say for sure what will happen next with Popcat or Bitcoin. However, it’s important to remember that crypto markets are volatile, and sudden price swings are common.
Remember: This is not financial advice. Always do your own research before investing in cryptocurrencies.
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