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The Simon’s Cat price surged 397% in the last 24 hours to trade at $0.00002274 as of 4.35 a.m. EST on trading volume that skyrocketed to $177.4 million.
The token went live only yesterday, as announced in a post on X, only to see this massive price surge as a result of demand and hype surrounding the launch.
Simon's Cat official token $CAT is live and now trading 😸
Contract Address:
0x6894CDe390a3f51155ea41Ed24a33A4827d3063DKuCoin: https://t.co/biKFnzeVZB
Gate: https://t.co/MBshCDIlQW
MEXC: https://t.co/tY6TOsAvky
Pancakeswap: https://t.co/h8Ae8eJakoLet's play on BNB 😼 pic.twitter.com/ekMFKlTFFz
— Simon's Cat Token (@SimonsCatMeme) August 22, 2024
Soon after launch, it also saw listing on a number of major crypto exchanges, including KuCoin Futures, which launched Perpetual Contract $CATUSDT-M with up to 8x leverage.
However, its primary listing was on BitMart, another highly popular exchange
Other than that, the token went live on KuCoin, Gate, MEXC, BingX, and Pancakeswap.
Web3 Fans UNITE📢 Simon's Cat official token $CAT is live and now trading 😸
You can trade it here:
🐱KuCoin: https://t.co/ITrejFtREI
🐱Gate: https://t.co/COPF5Kuq07
🐱MEXC: https://t.co/KmAtS2hMdY
🐱BingX: https://t.co/fAt9Mgp92I
🐱Pancakeswap: https://t.co/0oAtyk93VEFollow… pic.twitter.com/4BJre6twQw
— Simon's Cat 🐾 (@SimonsCat) August 22, 2024
BNB Chain also officially welcomed the token to its network upon launch, bringing additional attention to it, which further contributed to the demand.
Welcome @SimonsCatMeme to BNB Chain! @RealFlokiInu has a new best friend in town 👀 https://t.co/OIIkTon9rY
— BNB Chain (@BNBCHAIN) August 22, 2024
Simon’s Cat Price Prediction
Simon’s Cat’s price saw a massive surge in the last 24 hours, but right now, the token has seemingly reached its limit.
A resistance level at $0.000025 stopped its progression, causing a minor price correction. However, the token remains bullish for the moment, and it is working on breaching the resistance.
Its Bollinger bands have widened again over the last several hours, after previously narrowing quite a bit. This suggests that many among the early buyers may have started selling to take a profit before a new wave of purchases arrived.
This is also confirmed by the project’s Relative Strength Index (RSI), which has been fluctuating between the overbought zone and the neutral area.
In other words, the token is nowhere near being oversold, and even when holders start selling, the buying pressure quickly returns and pushes the RSI value back up.
One of those waves of sales is happening right now, and if the pattern holds, the CAT token is likely to see another surge and retest the resistance at $0.000025 in the near future.
Promising Alternative to Simon’s Cat
While Simon’s Cat saw a major price surge upon launch, it appears that the token has reached its limit in the short term.
With that being the case, buying it now may not be the best way to go. Instead, investors might want to shift to a new presale crypto with high potential, like Shiba Shootout (SHIBASHOOT).
This is a meme coin inspired by Shiba Inu, that’s created its own game, known as Shiba Sharpshooter.
The game is available on Google Play Store and Apple App Store, and you can get it right now.
It takes place in the Wild West town of Shiba Gulch, and it introduces characters like Marshal Shiba and Shiba Sharpshooters.
It also lets you engage in Wild West sharpshooter duels. Right now, the game provides a pretty fun experience, but after its token goes live, it will also receive a Web3 update that will allow users to earn SHIBASHOOT tokens for winning the duels.
Coinmarketcap have noticed our major milestone sharpshooters! Not long before our price hike! Get in early!!! 💰 🤠 🤠#CMC #CoinMarketCap#Shibashootout #P2E
— shibashootout (@shibashootout) August 22, 2024
For the moment, however, the token is still in presale. Its ICO just recently hit $1 million raised, and SHIBASHOOT currently sells for $0.02 per token.
You can buy it with ETH, BNB, USDT, or credit/debit cards, and many believe that the project has great potential.
It is a mix of a meme coin and a P2E project, it has Shiba Inu’s name, and it combines gaming and memes, two of the most popular trends of 2024.
Numerous experts shared their views of the project, including a major crypto YouTuber ClayBro, with more than 130k subscribers, who believes that the project is in for major gains.
Visit the official SHIBASHOOT website here.
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