Learn more about this Solana-based memecoin
Popcat saw a 53% increase last week. Popcat has reached a new ATH amid rising market confidence and growing interest in cryptocurrency futures.
Over the past month, the Solana-based memecoin Popcat (POPCAT) has seen exponential growth. Therefore, it became the memecoin with the highest appreciation, while others showed a decline on the weekly charts.
Popcat reaches new ATH
Recently, Popcat reached a new ATH, surpassing the value of $1.4. In a brief period of time, memecoin reached the value of US$1.47.
This resulted in a 53.07% increase in weekly representations and a continuation of the upward trend with an increase of 84% for the month. Thus, Popcat's recent significant growth raises doubts about the elements that drive it.
One of the elements that stimulate the appreciation of memecoin is the increased interest in cryptocurrency futures. According to information from Coinglass, Open Interest grew 23.51%, reaching US$234.9 million.
The futures open interest rate increased from a low of $121.5 million to $237.1 million. In this sense, a growth in Open Interest indicates that investors are confident in the direction of memecoin as they open new positions.
Furthermore, growing market optimism played a crucial role in Popcat's sustained growth. This was evident from the significant growth in trading activities. The value of memecoin grew 93%, reaching US$1.06 billion.
What will be the next step for Popcat?
It is evident that Popcat is experiencing wider market acceptance and positive sentiment.
This was supported by growth in demand for long-term positions, as demonstrated by a favorable funding rate. This indicates that investors anticipated greater profits and are increasing the number of long positions.
Furthermore, Popcat maintained a very positive Open Interest weighted funding rate in the previous week. A continued positive funding rate is what supports the past demand for long positions.
Thus, if the current market scenario persists, the Popcat memecoin could reach a new peak of US$1.6 in the short term.
Does Flockerz (FLOCK) have the potential to become the next big memecoin on the market?
The value of Bitcoin has fluctuated recently, with cryptocurrencies like Flockerz standing out as short-term investment alternatives. Flockerz, a new memecoin, has raised more than $560,000 in a relatively short period of time.
Flocktopia and its vote-to-earn system are the core of the project, enabling all users and members of the Flocktopia community to participate in decisions on the platform.
The main goal is to transform the dynamic of centralized authority into a community-driven model, offering rewards for active participation.
Flocktopia aims to transform the DAO environment, encouraging user participation and fostering a more democratic governance system.
Members of the Flocktopia community also have the possibility of obtaining prizes by participating in votes, which can range from basic community decisions to strategic issues.
Flockerz is a memeoin developed on the Ethereum network and has been verified by Coinsult and SolidProof.
$FLOCK pre-sales surpassed the US$560,000 mark – the next POPCAT?
Flockerz is the first memecoin on the market to offer vote-to-earn features. The project allows investors themselves to control the project's destiny while earning rewards for active participation in steering the community.
With this in mind, the pre-sale of $FLOCK tokens was created to enable the first participants to earn rewards when purchasing and staking with $FLOCK tokens during the initial fundraising phase.
The pre-sale of $FLOCK, Flockerz's native token, has already surpassed the US$560,000 mark, getting closer and closer to its target of US$770,120. $FLOCK currently costs US$0.005724.
Exclusive features
One of the reasons for this success is the fact that Flockerz pre-sale offers a unique vote-to-earn system in addition to staking rewards.
This means that in addition to benefiting from participating in votes on the platform, investors can also, for example, obtain profits with an APY greater than 3000%. But this rate should decrease over time as more tokens enter the pool.
Flockerz's tokenomics is one of the reasons for its success. The developers allocated 20% of the total supply for pre-sales. Another 25% for staking rewards, 25% for Flock Vault, 10% for CEX and DEX, plus 20% for project marketing.
To purchase $FLOCK during pre-sale, simply follow some quick and easy procedures. Access the official Flockerz website, enter the value of the token you want to purchase and complete the purchase.
Finally, Flockerz allows investors to vote on important decisions, earning rewards for their contribution. This makes Flockerz have the potential to become the next big memecoin.
Disclaimer: This article is for informational purposes only, and does not constitute investment advice or an offer to invest. CriptoFácil is not responsible for any content, products or services mentioned in this article.