POPCAT's $2 Ambition: Speculation vs. Fundamentals

POPCAT, now the 8th largest memecoin by market cap, has experienced significant volatility, recently reaching $1.50 after hitting an all-time high of $2.08. Despite a recent 13% recovery, the token faces resistance and needs to establish $1.50 as a support level to aim for $2 again. However, the speculative nature of its price movements and reduced holdings by large investors suggest challenges in achieving long-term growth without strong fundamentals.