Dogs and Popcats Soar While Bitcoin Soars to $56K

by

Dogs and Popcats Soar While Bitcoin Soars to $56K… Following a September 7 slump to around $53,300, bulls have rallied to push the price of bitcoin back above $56,000, reaching $56,800.

Unexpectedly, meme tokens Dogs (DOGS) and Popcat (POPCAT), which are capitalizing on the recent increase in Bitcoin, are at the top of the list of the top 100 cryptocurrencies by market capitalization. Popcat and Dogs have had notable 24-hour gains of 19% and 16%, respectively, as the price of Bitcoin rises back beyond $56,000.

The surge in Bitcoin occurs as it rises beyond $56,800, bouncing back from a previous decline that saw it hover around $53,300 on September 7.

Popcat-and-DOGS-Price-Surge-19-and-16-as-Bitcoin-Hits-56K.png

The cryptocurrency market is feeling better overall thanks to this rebound.

The Solana-based Popcat and the Telegram-related Dogs have both profited from more support for futures trading. Popcat’s price increased lately when Binance introduced perpetual contracts for the platform. In addition, OKX added Popcat futures and launched a trading competition with prizes of up to $100.

As for DOGS, it has recovered from its previous month’s plunge of $0.0009, which was caused by the arrest of Telegram CEO Pavel Durov. With a contest that ends on September 17 and offers 40 million DOGS, Binance is supporting DOGS.

Based on Coinmarketcap, DOGS has a market capitalization of $548 million and a trading volume of $578 million. It is now trading at $0.001061, up 8.31% over the last day. Popcat (SOL) has increased 13.11% in the last day to trade at $0.614348, with a market value of $602 million and $113 million in trading activity.

An increase in the Coinbase Premium Index, which indicates greater institutional interest, is another factor supporting Bitcoin’s comeback. Long-term holders’ ongoing accumulation may portend a stronger year-end, according to CryptoQuant analysts.

Bitcoin Surpasses $57,000, But Experts Suggest Wariness

Bernstein experts even forecast that if Donald Trump wins the US presidential election, Bitcoin may reach $80,000–$90,000. However, they warn that a victory by Kamala Harris might drive prices down to $30,000.

Both Popcat and Dogs have benefited greatly from this wave of optimism and support for futures trading, underscoring the fickle yet fascinating character of the cryptocurrency industry.

Also Read:-

Leave a Comment