One Solana (SOL)-based meme token may very well be going through a correction after hitting new all-time highs over the weekend, in keeping with the crypto analytics agency Santiment.
Santiment notes that Popcat (POPCAT) drew consideration from mainstream merchants after skyrocketing from buying and selling at round $0.469 on July eleventh to a brand new all-time excessive of $0.987 on Saturday, a rise of greater than 110%.
Explains the analytics agency,
“Traditionally, this stage of sudden curiosity on account of a value surge has a excessive likelihood of resulting in a correction, the place higher entry factors are doubtless.”
The correction might have already got begun: POPCAT is buying and selling at $0.853 at time of writing and is down almost 7% prior to now 24 hours. The 98th-ranked crypto asset by market cap remains to be up almost 14% prior to now seven days.
Santiment additionally notes that Bitcoin merchants, particularly BTC bears, have mellowed down on social media after the crypto king ignited an “surprising” rally prior to now weeks.
“The gang’s gone silent after Bitcoin and crypto have loved a considerably stunning rebound the previous two weeks. These vocal about an impending bear market in early July have basically disappeared as BTC has neared $70,000 as soon as once more.”
BTC is buying and selling at $67,409 at time of writing. The highest-ranked crypto asset by market cap is up greater than 8% prior to now week.
Do not Miss a Beat – Subscribe to get e-mail alerts delivered on to your inbox
Verify Value Motion
Comply with us on X, Fb and Telegram
Surf The Day by day Hodl Combine
 
Disclaimer: Opinions expressed at The Day by day Hodl should not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal danger, and any losses it’s possible you’ll incur are your duty. The Day by day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please word that The Day by day Hodl participates in internet affiliate marketing.
Generated Picture: Midjourney
