Cryptocurrency is not an exotic area where there are not competitors emerging from the woodwork every now and then. Today, it belongs to Popcat (POPCAT), a meme-based token that’s been inspiring more attention than even a cat can chase its tail in seconds! With a jaw-dropping 22. 24 Hour’s Change: 06 % POPCAT has come back from the brink to having a token price of $0. journal, 8718, thereby making many of its investors very happy, as the idiom goes ‘happy as a clam’.
Isn’t it worth peeling the surface a little and looking at things with a little more detail then simply the raw numbers appear to suggest? The company capitalization has grown to a whisker under $ 854,316,486, which has made the POPCAT coin take the 73rd place in the list of cryptocurrencies. That is the same as jumping from the dark street to the runway in one leap! The trading volume has also rose to nearly 39 fold. 44 % to $143,746,626 in the last day. This appears to be traders getting to POPCAT as if these are cats getting attracted to a tin of tuna when it has just been opened.
Now, let’s talk supply. At the time of writing this article, there are 979,973,185 POPCAT tokens in circulation, and their total number is very close to this figure, 979,973,221 POPCAT. However, oddly enough, it seems that there is no limit to the available supply of the cryptocurrency either. In the crypto world, that’s a bit like saying “the sky’s the limit” or for perhaps “the top of the scratching post is the limit”
But what is the reason for such popularity of this Mexican restaurant POPCAT? Has this sentiment built up to be the crypto catnip or is there more than internal motives behind this increase? As in any whirlwind world of cryptocurrencies, it is always challenging to define the exact causes but there are some who are linking it to meme coins trends and community’s influence.
You see, POPCAT is not just another run of the mill token that is currently in the marketplace today. This is in the meme coin segment where popularity predominates over such features as utility and glaring market numbers. The digital asset market has already seen a billionaire’s tweet lift a dog-themed coin to the stratosphere; similarly, a cat-themed alt of POPCAT was always going to find its time in the kitty-lit cat-astrophe.
Of course, like any investment, and especially in the emerging area of cryptocurrency, it is necessary to take this with a grain of salt. The crypto market may be one of the most unpredictable markets akin to a cat’s temper. What was on the highlight today might not be on the lowlight tomorrow and the other way round. That is why, as much as it’s thrilling to know about POPCAT’s definite performance at the present time, it is never wrong to know one’s facts and manage the investment wisely. It is very important to know that FOMO is an acronym you do not want to deal with in the crypto world.
But in the context of grand achievements, the recent growth of POPCAT may be the first date between investors and tokens inspired by memes. Or they could be just a fifteen minutes of fame before the next big thing comes out. It is anybody’s’ guess at this juncture or in this day and age we may use sometimes. However, one thing is certain, the existence of POPCAT has been well and truly established in the Crypto world.
So, what’s your take? Is there any future in the future of crypto currency or is POPCAT just another fad that people bring up and scratch like a particularly itchy litter box? The real question mark still remains just how far, and with what success, these changes will spread – only time will tell, but it is going to be fun watching this space! Perhaps, it will be something like using POPCAT to get those daily catnip supplements in the future few years. Until that, keep your crypto wallet at hand and your private keys in even closer proximity!
