POPCAT is closing in on BONK to become the fifth-largest memecoin by market cap. However, several conditions must be met for this to happen.
Several key factors bolster this hypothesis., the Solana-based memecoin, is on a roll, experiencing a significant double-digit surge this week as it closes in on BONK.
Interestingly, while BONK started October on a bearish note with higher lows, POPCAT has significantly outperformed this trend, recording daily gains exceeding 10% and challenging its previous ATH. However, despite this bullish sign, trading volume in the last 24 hours has declined by over 30%. Clearly, bearish sentiment in the market, led by BTC’s downward swing, has raised alarms among traders.
Certainly, anticipation surrounding a potential spot listing on Binance is likely to create substantialSource : Coinglass
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