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Meme coin Popcat is back to its bullish ways and gearing up to hit a new all-time high.
According to the data from CoinGecko, the POPCAT price has surged to trade at $0.505, up 13% over the past 24 hours. The meme coin’s market capitalization is hovering just under the $500 million mark.
This third-largest cat-themed meme coin is also seeing impressive daily volume, which currently stands at $48 million.
With large-cap cryptocurrencies displaying consolidatory price action, investors are eyeing mid-caps such as Popcat for profitable returns.
New low-cap Solana meme coins are also in significant demand. For instance, Sealana has raised over $3 million in its presale and is being viewed as the next 100x meme coin by experts.
Is a New All-Time High Imminent for Popcat?
Popcat’s current all-time high stands at $0.71, which it had reached last month on May 4th.
Experts believe that the meme coin could push towards new highs over the coming days.
In a recent X post, crypto analyst RookieXBT claims that a big month is ahead for Popcat. He reveals that $0.55 is the key resistance for the token that is standing between it and a new all-time high.
RookieXBT further claims that Popcat could display a similar explosive price action to Dogwifhat post-breakout. Indeed, Wif rallied from $0.45 to $5 in just 35 days.
He is not the only one drawing comparisons between the two meme coins. Experts continue to highlight that the Popcat price chart looks “extremely bullish” and the token could see a significant repricing in the coming days.
The bulls would hope for additional support from Solana. Indeed, Solana meme coins receive a major boost from SOL’s bullish strength, often acting as a leveraged bet on the native token.
Solana looks poised for its next upside move. SOL has shown enough bullish strength to successfully retest the $160 support and is now bouncing back up as a result.
The SOL/ETH trading pair is also showing strength and could result in Solana rallying, at least until the spot Ethereum ETFs start to trade.
Is Sealana The Next To Explode?
Popcat is not the only Solana meme coin that experts are bullish on. Sealana ($SEAL) has already gained favourable footing amongst smart-money traders during its ongoing presale, many of whom believe it to be the next 100x meme coin.
The Sealana presale has already raised over $3 million in the first few weeks, a sign of its high upside potential.
Similar to Dogwifhat, $SEAL has attracted the attention of meme coin investors through its mascot. Notably, crypto whales believe that meme coins that can make investors laugh will likely deliver outsized returns. It is worth remembering that several hedge funds invested in Wif because “the dog had a hat”.
Therefore, one look at the Sealana X account is enough to understand the strong demand for the new meme coin. In one post, its mascot – a chubby and patriotic seal – is throwing a raging frat party. In another, he is helping Donald Trump build his wall.
Aside from its crowd-favourite mascot, Sealana’s simplified presale model is another plus for the meme coin. Interested buyers simply need to send $SOL tokens from their wallets and receive $SEAL as an airdrop after the conclusion of the presale.
The Sealana wallet address is 3LeVizuW3YoCnjfMfuQ22rSFQLDLdo9jXLKjyqfBU3w5.
*Cryptonomist did not write the article or test the platform.
