Popcat and Solaxy Emerge as the New Meme Coins to Watch

Popcat, a cat-themed meme coin running on the Solana (SOL) network, has seen a 10% price increase in the last 24 hours.

This could be the beginning of a large rally for the meme coin as it continues to show strong potential for investors.

Another meme coin on the Solana network, Solaxy, is also showing striking growth potential with its role as the first Layer-2 scalability to stand out in Solana. Having raised over $33 million in their initial coin offering (ICO), Solaxy provides zero-knowledge proofs (ZK proofs), data availability tools like Celestia, and a multi-chain bridge powered by Hyperlane. This ensures low-latency transactions and exponential scalability, even during heavy traffic.

Experts say that Solaxy is going to become an important part of the Solana ecosystem. Considering the billion-dollar valuations of the top Layer-2 solutions in Bitcoin (BTC) and Ethereum (ETH), Solaxy is still highly undervalued despite its outstanding presale performance. Many are now touting Solaxy as the next crypto to go up 10x.

What Happened To Popcat?

The price of Popcat (POP) has surged by 10% in Wednesday's trading hours, marking a 45% spike in trading volume.

Currently trading at $0.42, Popcat has experienced a 7-day gain of 13%. This stands in stark contrast to other major meme coins, which have seen double-digit declines over the same period.

Savvy investors will recognize this performance as the first quarter rally of Fartcoin (FART), to which Popcat is now reacting positively with high demand. Even a piece of news about US Treasury Secretary Scott Bessent meeting with Chinese Vice Premier He Lifeng was enough to push the price up by more than 10%.

Price predictions from several reputable analysts suggest that Popcat could continue its bullish trend from here. However, investors who are still skeptical about investing in Popcat are advised to wait until the price breaks the neck resistance of the inverted head and shoulders pattern at $0.442.

Only then will it be clear that the buyers have enough strength to continue pushing the price higher. Otherwise, rejection at this level could mean higher price volatility and a potential reversal of the current bull rally.

Where To Buy Popcat

You can buy POP at major cryptocurrency exchanges.

If you prefer to buy in fiat, you can do so at crypto platforms.

Is Solaxy A Good Investment?

Both Popcat and Solaxy are quickly becoming interesting picks for investors seeking rapid potential gains in their crypto portfolios.

However, investors should approach these investments with caution and a well-thought-out strategy to optimize potential profits while mitigating risks.

Investors considering investing in meme coins should evaluate several factors. Firstly, the volatility of the crypto market, especially for meme coins, is notoriously high, which translates to significant risk and profit opportunities.

Secondly, investments in meme coins are often more speculative in nature compared to major cryptos like Bitcoin or Ethereum.

In the case of Popcat, monitoring price patterns and trading volume changes can provide insights into the market's momentum.

On the other hand, for Solaxy, understanding its technical aspects and potential integration within the Solana ecosystem will be crucial.

Ultimately, investors should conduct comprehensive research and may consider consulting a financial expert before making an investment decision.