Solana Meme Coins Surge: Popcat and Cat in a dogs world Lead the Way

Solana meme coins like Popcat and Cat in a dogs world are on a roll as their total market cap surged to $11.38 billion. Popcat (POPCAT) and Cat in a dogs world (MEW) have seen significant gains, with Popcat trading at $1.3220 and Cat in a dogs world rising to a record high of $0.01050.

The surge in these meme coins has propelled Solana’s decentralized exchanges to new heights, surpassing Ethereum in trading volume. Solana DEXes saw a 41% increase in volume in the last seven days, reaching $12.61 billion, while Ethereum DEXes handled $8.7 billion.

Raydium remains the largest Solana DEX, handling $7.6 billion in token volume, followed by Orca, Lifinity, and Phoenix. Solana also outperformed Ethereum in monthly volume, reaching $30.4 billion in October compared to Ethereum’s $26.5 billion.

The strong performance of Solana meme coins like Popcat and Cat in a dogs world has attracted more holders, with Popcat now having 77,750 holders and Cat in a dogs world boasting 178,200 holders.

Technical analysis shows that Popcat has formed a bullish pennant chart pattern, indicating a potential rally towards its highest point on record at $1.5535. Cat in a dogs world, on the other hand, has formed a cup and handle pattern, with further gains expected if it breaks above its all-time high of $0.01047.

Overall, the popularity of Solana meme coins and the strong performance of the Solana network have contributed to the recent uptrend in the market, with investors keeping a close eye on these tokens for potential further gains.