Simon’s Cat Price Prediction: CAT Leaps 18% As Pepe Unchained Rockets Past $13 Million In Presale

The Simon’s Cat price surged 18% in the last 24 hours to trade at $0.00003295 as of 4.30 a.m. EST on trading volume that dropped 1% to $132.4 million.

The popular meme coin has seen a strong price performance, partially thanks to a new perpetual listing announced by HTX, which issued a CAT/USDT pair with up to 50x for long and short trades.

MEOW, New Perpetual Listing! 😺#HTX adds $CAT/ $USDT perpetual futures with up to 50x for long & short trades. 🚀@SimonsCatMeme

Details: https://t.co/VJMCDU1vqI pic.twitter.com/1mdwbR0bxw

— HTX (@HTX_Global) September 13, 2024

Another big development from the project was announced two days ago by Binance’s BNB Chain, which said on X that Simon’s Cat became the latest winner from the second phase of BNB Chain’s Meme Liquidity Support Program.

We're excited to announce the latest winner from the second phase of our Meme Liqudity Support Program! 🏆

The winner is: @SimonsCatMeme

Here's a deeper look at @SimonsCatMeme, how we selected them and what they receive 👇

The Winner 🏆

Simon's Cat – a popular animated… pic.twitter.com/smy2VcSxec

— BNB Chain (@BNBCHAIN) September 11, 2024

The announcement brought additional attention to the meme coin, which saw a surge that was further strengthened by a bullish wave that pushed the prices of most meme coins over the last few days.

Despite the recent publicity and a boost in interest, the token has been struggling with the resistance level at $0.000033. Despite briefly climbing above this level several times in the last 24 hours, the token has yet to permanently breach it and turn it into a support.

Simon’s Cat Price Prediction

The Simon’s Cat price has seemingly reached its limit just under the resistance at $0.000033 for the time being, but traders are interested in seeing what happens next. Right now, the token’s technical indicators seem fairly bullish, although the overall market sentiment is seemingly switching to bearish

Many other cryptos, in and out of the meme coin sector, are starting to trade in the red based on their 24h and 1h performances, suggesting that a market-wide correction might be coming as a result of another bearish wave.

CAT is showing signs of an upcoming correction as well, since its Bollinger bands are still fairly wide, but the price has stepped away from the upper band and is currently balancing between it and the lower one. While this is more a neutral signal than bearish, traders should keep in mind that the bullish momentum has weakened.

On a more positive side, CAT saw its Relative Strength Index (RSI) value climb from the oversold zone to the neutral one, which suggests that traders have started buying again after the profit-taking sell-off. However, on its way back to the overbought zone, the RSI value dropped back down to the value of around 50, suggesting that the buying momentum had weakened before reaching high value.

For now, the bulls and the bears seem to be equally matched, but with the wider market growing increasingly bearish, the CAT price is likely to see a correction in the hours to come, and potentially throughout the weekend.

Promising Alternatives to Simon’s Cat

With the CAT price likely to see a drop over the next few hours, traders and investors might be interested in seeking out another high-potential opportunity.

One of the best options available right now is Pepe Unchained (PEPU), which is among the most successful presales of the year after racing past $13 million in funds raised.

This new Pepe alternative stands out from both Pepe and other Pepe-inspired meme coins thanks to the fact that it has its own blockchain. In fact, it is the first and only Pepe derivative meme coin to launch on its own chain — a Layer-2 chain based on Ethereum’s network.

However, the PEPU chain is independent, meaning that it has its own technology and is not bound by Ethereum’s limitations, and the same goes for its new native token.

While PEPE is an ERC-20 token, and as such, it suffers from well-known issues of the ETH network such as low scalability, slow speeds, and high transfer fees, PEPU has turned these problems into its advantages, becoming extremely scalable, fast, and cheap to use.

Some even speculate that it has the potential to replace the original Pepe, and they include YouTuber Crypto ZEUS, who has over 78.4k subscribers.

This kind of speculation is what attracted millions of dollars to Pepe Unchained’s presale.

Pepe Unchained — Groundbreaking Layer 2 Blockchain technology.

Welcome to the future of meme coins. 🐸 pic.twitter.com/iC9b6YSynT

— Pepe Unchained (@pepe_unchained) September 6, 2024

PEPU tokens are selling now for only $0.009651 each, and can be bought with ETH, BNB, USDT, or credit/debit cards. If you are interested, buy before a price hike in less than 3 hours.

Visit the official PEPU website here.

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