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The Catcoin price has jumped 27% in the last 24 hours to trade at $0.0000000013 as of 4:20 a.m. EST on trading volume that dropped by 52% to $20.28 million.
Despite the poor volume, the CAT token has seen a massive 590% surge on a weekly chart, while in the past month, it went up by nearly 4,400%. In fact, the token went even higher two days ago, on March 26. At that time, it managed to reach an all-time high of $0.000000001728.
The token’s price seemingly blew up around the same time when its mentions on X (formerly Twitter) went up to reach nearly 30,000 posts. The token was trending in the Business & Finance category for India. In fact, some have claimed that Indian traders were responsible for the rapid price increase recently.
Twitter have 26.1 million Indian users and @catcoin is trending in India .
For the past 5 days, #catcoin has been gaining attention on #Twitter.
I am surprised that many top #memecoin influencers are overlooking #catcoin, even major exchanges like @Bybit_Official @MEXC_Official… pic.twitter.com/3av38Em7Pa— Cryptodial.eth (@wallstreetpapa) March 28, 2024
Despite this, Catcoin seems to be largely overlooked by influencers, and even exchanges such as Bybit and MEXC. Some members of the crypto community found this surprising, given the fact that exchanges are always on the lookout for tokens with major potential, and CAT has definitely proven itself with its performance over the last few days.
In last 7 Days #catcoin crossed
-300K Transaction 🚀
-50K Wallets and growing🚀
-50K Twitter Followers🚀#catcoin may soon reach 100,000 wallets and achieve stability above a $200 million marketcap. https://t.co/jUx15G1s06— CatCoin (@catcoin) March 27, 2024
Catcoin Price Prognosis
While Catcoin has been around since mid-2022, the token only recently came under the spotlight, starting in early 2024. As soon as the year started, it saw a small price surge, but it was enough to put it on the traders’ radar. In three months that followed, CAT price skyrocketed by over 12,200%, making it one of the top performers of 2024 so far.
Despite its fairly low price, the token’s performance has finally brought the attention of the wider market to it, which is why it will likely continue its surge in months and years to come. In other words, the CAT is out of the bag now, and traders seeking valuable opportunities will not forget this cryptocurrency’s impressive performance.
In the short term, however, it is clear that CAT ended up rejected by the resistance at $0.0000000015, and that it made several attempts to return to it in the last two days. While it did not manage to return to this level since, there are signs that this could happen in days to come.
The token’s Bollinger bands certainly remain quite wide, especially compared to the situation from before March 25, which is a bullish sign.
Furthermore, the token’s Relative Strength Index (RSI) value currently sits at the neutral zone at around 48.53. This suggests that it could go either up or down, depending on the traders’ future behavior.
But, given how much its mentions on social media have skyrocketing, chances are that more and more buyers will start coming in and pumping Catcoin price. If that does happen, CAT will likely return to $0.0000000015 in the near future, and possibly even go for a new ATH. While it is currently highly volatile and the risk is great, it also provides an opportunity, which is why it should be kept a close eye on.
Promising Alternatives to Catcoin
While Catcoin is rapidly attracting attention, it is not the only meme coin to keep an eye on. One of the fastest-growing tokens in this category recently has been Sponge V2 (SPONGE).
While the original Sponge V1 was a huge success that saw a 100x pump in a bear market, attracting thousands of investors, the developers have discontinued it. Their aim is to make it even better as Sponge V2.
And they’re succeeding. With SPONGE V1 launching last year at $0.000025, and Sponge V2 now trading at $0.002181, it’s exploded by a total of 8,723%.
Sponge V1 tokens have been bridged to V2, where the developers allowed holders to stake them and start earning additional rewards as high as 388% annually on Polygon.
🚀Missed 100x in 2023?💥 $SPONGE is BACK with V2 – Bigger, Better, and ready to absorb the damp!
Hurry and stake now to join the ride! 🔥#SpongeV2 #Web3 #Crypto #Alts pic.twitter.com/VMooQjC79H
— $SPONGE (@spongeoneth) March 25, 2024
More than 9.5 billion Sponge tokens have already been staked.
With the meme coin sector continuing to blow up across the industry, it is not too late to join the others by buying and staking SPONGE of your own. Just go to the official website and exchange ETH and USDT, or buy with a bank card.
Visit SPONGE presale here.
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