{"id":133985,"date":"2024-07-25T12:00:14","date_gmt":"2024-07-25T09:00:14","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=133985"},"modified":"2024-07-25T01:52:00","modified_gmt":"2024-07-24T22:52:00","slug":"this-meme-token-faces-potential-price-correction-after-record-highs","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/this-meme-token-faces-potential-price-correction-after-record-highs\/","title":{"rendered":"This Meme Token Faces Potential Price Correction After Record Highs"},"content":{"rendered":"<p>A popular meme token, Popcat (POPCAT), might be set for a price correction after reaching new record highs recently, according to crypto analytics firm Santiment.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\ude3a POPCAT has drawn attention from mainstream traders after the Solana-based asset has surged +117% since July 11th. Historically, this level of sudden interest as a result of a price surge has a high chance of leading to a correction, where better entry points are likely. <a href=\"https:\/\/t.co\/Skpkn8Utu6\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/Skpkn8Utu6<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1814925242252599499?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">July 21, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Santiment highlights that Popcat surged dramatically from approximately $0.469 on July 11 to a peak of $0.987 on Saturday, marking a gain of over 110%.<\/p>\n<p>This surge has attracted significant attention from mainstream traders.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/ethereum-etfs-trade-951-million-on-second-day\/\" title=\"Ethereum ETFs Trade $951 Million on Second Day\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/02\/ethereum2312313-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Ethereum ETFs Trade $951 Million on Second Day<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The firm notes that such rapid spikes often precede corrections, suggesting that this may be an opportunity for better entry points.<\/p>\n<p>As of now, Popcat is trading around $0.853, reflecting a nearly 7% drop in the past 24 hours. Despite this, the token has still seen a 14% increase over the past week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Solana-based cryptocurrency recently reached a record high, but might be in for a correction soon.<\/p>\n","protected":false},"author":3,"featured_media":37522,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-133985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>This Meme Token Faces Potential Price Correction After Record Highs<\/title>\n<meta name=\"description\" content=\"A Solana-based cryptocurrency recently reached a record high, but might be in for a correction soon.\" 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