Popcat, a Solana network cryptocurrency, leads the weekly rise of memecoins in the top 100 by market capitalization.
In the past 7 days, the digital asset whose icon is a kitten named Oatmeal Its price has risen by more than 35% since was listed on Krakena cryptocurrency exchange.
Since the announcement, the Solana network memecoin’s price has risen from $0.703 to $0.95.
At the time of publication of this note, the price of popcat is $0.91, 8% below the all-time high (ATH) of $0.99.
At the moment, Popcat’s market cap is over $884 millionmaking it the seventh largest memecoin, above Brett, the Base Chain asset.
As CriptoNoticias already reported, Meme cryptocurrencies are assets that pay tribute to a petpolitical figure or event.
Generally, They are used for financial speculationso their prices can rise or fall in a matter of minutes and in an unpredictable way. In addition, their utility is practically zero.
In the case of Popcat, it is a memecoin that pays homage to the game that went viral on the Internet in 2021. In it, players have to click on the cat’s mouth so that it opens like a big O and, at the same time, emits a sound similar to a “pop”. With each click, the counter adds points.
In this regard, in the official site of popcat It is explained that “it is a meme currency with no intrinsic value or expectation of financial return” and clarifies that it is an act “solely for entertainment purposes.”