dogwifhat (ETH)

Solana

BOOK OF MEME

Ignite

MEME

<p>The post <a href="https://coinpedia.org/news/can-binance-listing-of-solana-based-popcat-popcat-futures-ignite-bullish-sentiment/" rel="noopener noreferrer nofollow">Can Binance Listing of Solana-based Popcat (POPCAT) Futures Ignite Bullish Sentiment?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
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 <li><strong>Popcat has grown to one of the top three Solana-based meme coins in the past few months.</strong></li>
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 <li><strong>The listing on the Binance exchange will significantly boost Popcat’s liquidity and trading volume.</strong></li>
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 <li><strong>Meme coins are still considered favorites among speculative traders and chains seeking to grow on-chain activities.</strong></li>
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<p>The emergence of meme coin mania on the Tron (TRX) network has attracted more speculative investors in top-rated projects. Solana (SOL) network remains a leader in meme coin development, with the current market cap of its memes of about $6.2 billion and a daily average traded volume of about $1.3 billion.</p>
<p>Some of the top-tier memes on the Solana network include dogwifhat (WIF), Bonk (BONK), BOOK OF MEME (BOME), and Popcat (POPCAT), among many others.</p>
<h2 class="wp-block-heading" id="h-the-rise-of-popcat-popcat-on-the-solana-network">The Rise of Popcat (POPCAT) on the Solana Network</h2>
<p>Cat-themed meme coin Popcat has emerged as a popular crypto project on the Solana blockchain with more than 64k holders. The Popcat meme coin had a market cap of about $552 million and a locked liquidity of more than 10 million.</p>
<p>Already listed on major centralized exchanges, Popcat meme coin has seen its daily average traded volume spike over 134 percent in the last 24 hours to about $145 million on Thursday during the early New York session.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> Futures will launch USDⓈ-Margined <a href="https://twitter.com/search?q=%24POPCAT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$POPCAT</a> and <a href="https://twitter.com/search?q=%24SUN&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SUN</a> Perpetual Contracts at<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f5d3.png" alt="🗓" class="wp-smiley" style="height: 1em; max-height: 1em;"> August 22 2024, 13:00 and 13:05 (UTC) respectively<br><br>Read more <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/27a1.png" alt="➡" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/peffrLlfqi" rel="noopener noreferrer nofollow">https://t.co/peffrLlfqi</a> <a href="https://t.co/sE20R7XNVe" rel="noopener noreferrer nofollow">pic.twitter.com/sE20R7XNVe</a></p>— Binance Futures (@BinanceFutures) <a href="https://twitter.com/BinanceFutures/status/1826590031819276659?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 22, 2024</a>
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<p>Earlier today, the leading cryptocurrency exchange by daily trade volume and globally registered users announced the listing of the<a href="https://www.binance.com/en/futures/POPCATUSDT" rel="noopener noreferrer nofollow"> POPCATUSDT</a> Perpetual Contract on its platform. Notably, Binance will provide traders with up to 75x leverage on the Popcat futures market.</p>
<h2 class="wp-block-heading" id="h-impact-on-price-nbsp">Impact on Price&nbsp;</h2>
<p>Following the continued adoption of Popcat by speculative traders, the underlying value spiked over 30 percent today to trade around $0.559. However, the Popcat price against the USD is not out of the woods.</p>
<p>From a technical standpoint, Popcat’s price must regain the 50-day Moving Average (MA) as a support level to invalidate the macro reversal. Moreover, the meme coin has been forming a potential head and shoulders (H&amp;S) pattern in the daily time frame coupled with bearish divergence on the Relative Strength Index (RSI).</p>
<p>Already, the weekly RSI shows that Popcat has been hovering in overbought levels, especially after rallying around 100x since January this year.</p>

Can Binance Listing of Solana-based Popcat (POPCAT) Futures Ignite Bullish Sentiment?

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