One Solana (SOL)-based meme token could possibly be going through a correction after hitting new all-time highs over the weekend, based on 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 degree of sudden curiosity because of a value surge has a excessive likelihood of resulting in a correction, the place higher entry factors are possible.”
The correction could have already got begun: POPCAT is buying and selling at $0.853 at time of writing and is down practically 7% up to now 24 hours. The 98th-ranked crypto asset by market cap continues to be up practically 14% up 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 up to now weeks.
“The gang’s gone silent after Bitcoin and crypto have loved a considerably shocking 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% up to now week.
Do not Miss a Beat – Subscribe to get e mail alerts delivered on to your inbox
Verify Worth Motion
Comply with us on X, Fb and Telegram
Surf The Every day Hodl Combine
 
Disclaimer: Opinions expressed at The Every day Hodl usually are 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 individual threat, and any losses chances are you’ll incur are your accountability. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Every day Hodl an funding advisor. Please observe that The Every day Hodl participates in affiliate marketing online.
Generated Picture: Midjourney
