POPCAT Price Forecast: Meme Coin Hits $1 – Is $10 Next? / Source: Cryptonews
After testing the $1.0 level over the past week, the Popcat (POPCAT) price is now on the verge of a significant breakout to the north of that mark.
With Israel and Iran seemingly on the verge of war, geopolitics has put the cryptocurrency markets on the defensive at the beginning of October.
Israeli Prime Minister Benjamin Netanyahu says Iran "made a big mistake" and "will pay" for launching a missile attack on the country https://t.co/sYZ2IZ2NLu
— CNN (@CNN) October 1, 2024
But October has typically been the best month of the year for crypto markets.
A rebound and fresh push higher for major cryptos and meme coins could be just around the corner, particularly against the backdrop of a bullish Fed-led global central bank easing cycle.
Some traders are evaluating the Popcat price’s potential for further upside as they assess which meme coin would be the best investment right now.
Could it 10x in price to hit $10?
Can the Popcat Price Pump to $10?
The technical configuration of the Popcat price is looking excellent at the moment.
Since July, the Solana meme coin has been developing a bullish ascending triangle.
That implies that pressure is increasing for a significant bullish breakout above the $1.0 resistance level.
Popcat’s market value was last at approximately $950 million, according to CoinMarketCap.
However, since launching earlier this year, Popcat has managed to amass a robust and committed community.
Its X page last had over 60,000 followers, while its official Telegram channel has over 16,000 subscribers.
If the meme coin can continue to grow these numbers, it is likely to remain a leading Solana meme coin.
Right now, Popcat is the third-largest Solana meme coin, behind Bonk (BONK) and dogwifhat (WIF).
And Popcat might see exponential gains if a new meme season arrives soon.
It is not impossible for a coin to gain ten times its value and reach $10 billion. But traders shouldn’t hold their breathes.