The price of the Solana-based meme coin Popcat (POPCAT) rose by 32.6% in the past 7 days as this segment of the crypto market is finally sending signals of an upcoming recovery.
Most of this upside has taken place in the past 24 hours, as POPCAT is up 17.7% during this period.
Popcat (SOL) (POPCAT) is now live on https://t.co/CD3RBjtMAO & in the Coinbase iOS & Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets. https://t.co/676miKRrfh
— Coinbase Assets 🛡️ (@CoinbaseAssets) February 13, 2025
The official inclusion of the token in the Coinbase platform along with the listing of perpetual futures for POPCAT by the US-based exchange are the cause for this sudden uptick.
Back on February 7, Coinbase Assets posted a tweet commenting that Popcat (POPCAT) was part of their listing roadmap. Just a week later, the token was included in the popular crypto trading platform.
Trading volumes have skyrocketed in the past few days and are surging another 5% in the past 24 hours to $169 million – a figure that accounts for 46.7% of the asset’s market cap at the time of writing.
Coinbase already accounts for 17.7% of the token’s trading volumes. Meanwhile, Popcat is the 14th most valuable meme coin, according to CoinMarketCap, with a market capitalization of $342.89 million.
Popcat’s Rally Could Still Deliver Additional Gains of 77%
Despite today’s uptick, Popcat is still trading 82.2% below its all-time high of $2.07 per token from November 17, 2024.
The Federal Reserve’s reluctance to cut rates in the United States amid fears that inflation could spiral out of control has contributed to depressing the value of most meme coins this year.
Since 2025 started, Popcat has lost half of its value. However, momentum indicators have sent a clear buy signal.
The Popcat price chart on Kraken shows the dramatic decline that the token has experienced since its November post-election rally. Macroeconomic conditions have turned against risk-on assets and Popcat has been swept into the turmoil.
However, a bullish pattern known as a falling wedge has emerged and the price is currently breaking above the upper trendline of this setup.
This could be an early indication of a trend reversal. In addition, the Relative Strength Index (RSI) and the MACD have both flashed strong buy signals, with the former already jumping high above the signal line while the latter is displaying steadily increasing green bars.
A first target could be set a $0.65 per token, meaning a 77.1% upside potential if the pattern’s bullish outcome materializes. At this point in the rally, if a stop-loss is placed below the $0.20 level, the risk/reward ratio would stand at around 2, which is more than enough for some traders.
The Solana ecosystem keeps growing amid the popularity of tokens like Popcat ($POPCAT). However, this blockchain needs help to keep up with rising network activity.
Solaxy ($SOLX) has emerged as one of the most promising upcoming crypto presales of 2025 as it aims to solve Solana’s congestion issues.
Solaxy ($SOLX) Raises $10M to Help Solana’s Meme Coins and DeFi Apps Thrive
Solaxy ($SOLX) is a layer-two scaling solution that will alleviate the congestion that the Solana network has experienced during peak usage times.
The launch of Official Trump ($TRUMP) emphasized its importance to strengthen the Solana ecosystem as top crypto exchanges like Coinbase and regular users faced delays and transaction errors back when this meme coin was launched.
Solaxy increases Solana’s efficiency by bundling transactions in parallel before sending them to the mainnet.
The presale event of the L2’s native token, $SOLX, was launched back in December. Since then, the project has raised $20.8 million to develop and deploy its scaling solution.
At its discounted price of $0.001634, Solaxy offers significant upside potential to early buyers. Last year, the presale event of Pepe Unchained ($PEPU), an Ethereum layer-two scaling solution, raised over $90 million.
Investors who bought the token during the presale event saw the price of $PEPU skyrocket by 700% after it was listed in exchanges.
To buy $SOLX, simply head to the Solaxy website and connect your wallet. You can swap ETH, USDT, or BNB tokens or use a bank card to make your investment.
