As a seasoned crypto investor with a soft spot for feline-themed tokens and a knack for spotting trends, I must admit that the recent surge of cat-related meme coins has piqued my interest. The impressive performance of Simon’s Cat (CAT) is nothing short of astounding, reaching new all-time highs in just two weeks. It seems that this digital kitty is indeed striking a chord with traders worldwide, and I can’t help but feel a sense of nostalgia reminiscing about my own beloved Siamese cat, Whiskers.
TL;DR
- Simon’s Cat (CAT) has surged by double digits in two weeks, reaching a new all-time high and gaining traction among traders.
It is now the fourth-largest in its realm, with other tokens like Popcat (POPCAT) and Mog Coin (MOG) also seeing substantial gains.
The New Peak
The meme coin based on Simon’s Cat, launched on the BNB chain on August 22nd, has demonstrated a remarkable performance. Over a two-week period, its price has skyrocketed by 70%, reaching an unprecedented high of $0.00003355 according to CoinGecko’s data, as recently as today (September 13).
The coin’s jump aligns with the bullish stance of multiple market observers, some of whom believe the “cat season” is yet to make huge waves in the space. One X user claimed that CAT “is building a lovely organic community,” with wallet holders crossing 26,000.
As a researcher, I can’t help but express my admiration for the performance of the X handle Unipcs at its All-Time High (ATH). I am confidently anticipating that this token could potentially emerge as the dominant force in the crypto landscape, much like “the one ring to rule them all” in a fictional sense.
It’s noteworthy that the meme coin attracted attention from some major cryptocurrency platforms as well. For example, Huobi Token (previously known as HTX) launched CAT/USDT perpetual futures contracts with a maximum leverage of 50 times.
MEOW, New Perpetual Listing! #HTX adds $CAT/ $USDT perpetual futures with up to 50x for long & short trades. @SimonsCatMeme
Details:
— HTX (@HTX_Global) September 13, 2024
These financial tools enable traders to predict price fluctuations without needing to possess the actual asset. They are structured in such a way that they can be kept for an extended period, and traders must sustain a specific balance as collateral to keep their positions active.
What About the Other Cat-Related Memes?
At the moment, CAT is the fourth most prominent cat-themed meme coin, boasting a market cap of approximately $220 million. However, Popcat (POPCAT) reigns supreme with a staggering $650 million market cap, and its value has soared recently. Right now, it’s trading at around $0.65, marking a 27% increase compared to the price a week ago.
Among the platforms providing services related to POPCAT are Bybit, KuCoin, Crypto.com, Gate.io, and others. Furthermore, Kraken, a U.S.-based exchange, has announced plans to add the token to its listings within the upcoming week.
Meme coins related to cats, such as Mog Coin (MOG), Kittekoin (KOIN), and MANEKI (MANEKI), have seen their prices soar by double-digit percentages within the last seven days.
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2024-09-13 12:40