One of the new phenomena of the crypto space has come to the fore, this time coming from a memecoin that caught the attention of many, namely Popcat (POPCAT). POPCAT's memecoin, which operates on the Solana blockchain, has experienced a tremendous increase in market value, from only around $200,000 (Rp 2.8 billion) to more than $230 million (Rp 3.2 trillion).
This surge not only placed Popcat as one of the top viral meme coins on Solana, but also confirmed its position and influence regarding the strong internet meme culture as the digital economy grows.
What is Popcat (POPCAT)?
Popcat (POPCAT) is a memecoin developed on the notoriously efficient and inexpensive Solana network. Based on the description of the official website, the name Pop Cat refers to a series of videos that use a picture of a cat named Oatmeal, the cat is photoshopped as if opening its mouth wide in an O shape.
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Tokenomics Popcat
Popcat offers a simple yet effective token structure. Of the total supply of 979,974,293 $POPCAT, the majority, i.e. 93.1%, is allocated into liquidity pools. This mechanism coincides with the process of burning tokens and handing over contracts to strengthen Popcat's decentralized nature.
Meanwhile, the remaining 6.9% is kept for future growth initiatives such as crypto exchange offerings, blockchain bridges, and increased liquidity.
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Considerations Before Buying Popcat
Investing in Popcat is inseparable from risk. As a memecoin, its intrinsic value is often questioned, and its price is heavily influenced by social media trends as well as community interests. Additionally, Popcat has no official connection to the original meme that inspired it, which raises questions about its legitimacy in the long run.
Conclusion: Virality and Community as Key Drivers
Popcat proves that in the Solana ecosystem, meme culture has a significant influence. The rise in Popcat's market value is a clear testament to the power of community and virality in shaping the digital currency market.
This is an example of how internet trends can turn digital assets into a global phenomenon, demonstrating speculative appeal and active and strong community engagement in the memecoin sector.
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How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is Rp10,000. After that, then you can make a crypto asset purchase in the application.
Learn the Complete Guide on How to Buy Crypto on Bittime.
Also Read:
Dogecoin (DOGE), a popular cryptocurrency based on memes
What Is MonaCoin (MONA): A Cat-Inspired Meme Coin
10 Best Meme Coins 2024: Interesting Cryptocurrency Investment Options
Monitor the price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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