The Popcat (POPCAT) price is flirting with a major breakout to the north of the $1.0 level, after probing with it over the course of the last week.
Geopolitics have crypto markets on the defensive at the start of October, with Israel and Iran seemingly on the verge of war.
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.
As traders asses what might be the best meme coin to buy now, some are weighing up the Popcat price’s potential for fresh upside.
Could it 10x in price to hit $10?
Can the Popcat Price Pump to $10?
The Popcat price’s technical set-up is looking very nice right now.
The Solana meme coin has been forming a bullish ascending triangle since July.
That suggests pressure is building up for a major bullish breakout above $1.0 resistance.
Per CoinMarketCap, Popcat’s market cap was last around $950 million.
But since its launch earlier in the year, Popcat has been able to build up a strong, dedicated 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.
Popcat currently ranks as the third largest Solana meme coin after dogwifhat (WIF) and Bonk (BONK).
And if a new meme season is around the corner, Popcat could well enjoy exponential gains.
10x gains to become a $10 billion coin aren’t out of the question. But traders shouldn’t hold their breathes.
Better Alternative to Consider
Traders stand a better chance of securing 10x gains by investing in smaller, lesser-known meme coins.
While riskier, these low-cap coins can see explosive upside if they start to gain traction.
One new meme coin that analysts at Cryptonews.com are big fans of is an innovative new meme coin staking protocol called Crypto All-stars (STARS).
The exciting meme coin DeFi protocol is currently conducting a presale, having already raised a whopping $1.9 million in just a few weeks.
Cryptonews.com’s in-house presale analyst Crypto Chester explains in the below video why STARS is one of the best presales to buy right now.
Buy Crypto All-stars Here
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