Trader Sees Strong Potential in Popcat as It Rises Over 18k%[embed]https://www.youtube.com/watch?v=0EbRrsty7lI[/embed]

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    <p>A trader and analyst in the cryptocurrency space believes one trending Solana (SOL)-based memecoin might have even greater potential for growth.</p>
    <p>The analyst known as Altcoin Sherpa<a href="https://www.youtube.com/watch?v=0EbRrsty7lI" rel="noopener" target="_blank"> informs</a> his 11,300 YouTube followers that Popcat (POPCAT) could soon turn $1 into a significant support level.</p>

    <p><em>“One coin that I still find quite promising is Popcat. I believe this coin will confidently breach the $1 mark. I’m uncertain about the timeline. If Bitcoin experiences a major downturn, the same won't happen. Nevertheless, it remains extremely strong. I maintain my view that cats may catch up to dogs a bit this cycle. I'm not sure what that'll entail though.”</em></p>
    <figure id="attachment_304213" aria-describedby="caption-attachment-304213" style="width: 2401px" class="wp-caption aligncenter"><img decoding="async" class="wp-image-304213 size-full" src="https://dailyhodl.com/wp-content/uploads/2024/10/sherpa1.jpg" alt="" width="2401" height="1398" srcset="https://dailyhodl.com/wp-content/uploads/2024/10/sherpa1.jpg 2401w, https://dailyhodl.com/wp-content/uploads/2024/10/sherpa1.jpg?resize=300,175 300w, https://dailyhodl.com/wp-content/uploads/2024/10/sherpa1.jpg?resize=768,447 768w, https://dailyhodl.com/wp-content/uploads/2024/10/sherpa1.jpg?resize=1024,596 1024w, https://dailyhodl.com/wp-content/uploads/2024/10/sherpa1.jpg?resize=1536,894 1536w, https://dailyhodl.com/wp-content/uploads/2024/10/sherpa1.jpg?resize=2048,1192 2048w, https://dailyhodl.com/wp-content/uploads/2024/10/sherpa1.jpg?resize=750,437 750w, https://dailyhodl.com/wp-content/uploads/2024/10/sherpa1.jpg?resize=1140,664 1140w" sizes="(max-width: 2401px) 100vw, 2401px"/><figcaption id="caption-attachment-304213" class="wp-caption-text">Source: Altcoin Sherpa/YouTube</figcaption></figure>
    <p>Currently, Popcat is trading at $0.96, experiencing over an 18,000% increase from its low of $0.00533 in January. With a market cap of $944.2 million, this memecoin ranks as the 80th largest cryptocurrency project.</p>
    <p>Next, the analyst discusses a potential scenario for Bitcoin (BTC) in the upcoming months.</p>
    <p><em>“I don't believe we can draw any decisive conclusions from the current price action on lower timeframes. However, I do think the outlook is generally positive. It wouldn’t surprise me to see… we establish another higher low [in price], gradually move upwards but then oscillate. At some point in October or November, we might experience a multi-week period of sideways movement for Bitcoin, followed by a significant surge in December and January. That scenario makes a lot of sense to me.”</em></p>
    <figure id="attachment_304214" aria-describedby="caption-attachment-304214" style="width: 2410px" class="wp-caption aligncenter"><img decoding="async" class="wp-image-304214 size-full" src="https://dailyhodl.com/wp-content/uploads/2024/10/sherpa2.jpg" alt="" width="2410" height="1409" srcset="https://dailyhodl.com/wp-content/uploads/2024/10/sherpa2.jpg 2410w, https://dailyhodl.com/wp-content/uploads/2024/10/sherpa2.jpg?resize=300,175 300w, https://dailyhodl.com/wp-content/uploads/2024/10/sherpa2.jpg?resize=768,449 768w, https://dailyhodl.com/wp-content/uploads/2024/10/sherpa2.jpg?resize=1024,599 1024w, https://dailyhodl.com/wp-content/uploads/2024/10/sherpa2.jpg?resize=1536,898 1536w, https://dailyhodl.com/wp-content/uploads/2024/10/sherpa2.jpg?resize=2048,1197 2048w, https://dailyhodl.com/wp-content/uploads/2024/10/sherpa2.jpg?resize=750,438 750w, https://dailyhodl.com/wp-content/uploads/2024/10/sherpa2.jpg?resize=1140,666 1140w" sizes="(max-width: 2410px) 100vw, 2410px"/><figcaption id="caption-attachment-304214" class="wp-caption-text">Source: Altcoin Sherpa/YouTube</figcaption></figure>
    <p>As of now, Bitcoin is trading at $60,508.</p>
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    <h6>Disclaimer: The views expressed at The Daily Hodl do not constitute investment advice. Investors should conduct their due diligence before engaging in any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Be aware that your transactions and trades are entirely at your own risk, and any losses incurred are your responsibility. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, nor does it act as an investment advisor. Note that The Daily Hodl is involved in affiliate marketing.</h6>
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