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The cat-themed Mog Coin has plunged 19% in the past week, while new rival meme coin Catslap ($SLAP) has skyrocketed 25% in hours and is trending on Crypto.com after a token burn program fueled growing interest.
According to the countdown on the Catslap homepage, a ‘major announcement’ from the team is due in five days.
Bulls are getting into position for the ride higher as rumors about centralized exchange (CEX) listings swirl. The team has now confirmed that the name of the CEX will be revealed in the coming announcement.
$SLAP is trending not just on DexTools and other decentralized exchange trading sites, but also on Tier 1 CEX crypto.com. Might crypto.com be the mystery exchange?
While cat meme coins such as MOG and Popcat start to feel tired and ‘meowed’ out, it increasingly looks like Catslap is poised to pounce on its prey to become the top cat – it might even threaten to dethrone our amphibian friend Pepe and that dog coin with the hat WIF.
The Catslap price is trading at $0.00287 at the time of writing. Trading volume has spiked by $500,000 in the past 24 hours.
Catslap Liquidity Boosted To $3.7 million After Token Burns, Slap-To-Earn Plan Boosted Sentiment
A massive top-up of the liquidity pool of the SLAP/ETH trading pair suggests the team knows a price pump is coming and is preparing to handle order flow magnitudes higher than current levels. The pool is valued at $3.7 million.
The new Catslap Burn Dashboard undoubtedly helps to push the $SLAP price forward going into the weekend. It provides the community and market participants with a concrete visualization and reminder of how ongoing burns are magnifying the value of the remaining circulating tokens.
With the team initiating token burns as certain milestones are achieved, it shows a commitment to an ongoing burn program, providing ever-present price support for $SLAP.
Two days ago, 10,000,000 $SLAP tokens were burned to mark the Catslap Slapometer clocking up 10 million slaps. Community members can join in the slapping fun by going to the homepage and clicking on the image of Catslap slapping Pepe. The Slapometer total is split up into country-by-country tallies, introducing a global competitive element that, for example, Popcat lacks.
The burn program, plus the revelation earlier in the week that developers are working on bringing Slap-to-Earn features to the platform, has added to buying pressure.
Introducing the burn dashboard 🔥
— CatSlap (@CatSlapToken) November 29, 2024
You slap. we burn https://t.co/pM1SEW4Rdb pic.twitter.com/hwkhQccc7X
When the Slapometer ticks past 25,000,000 it will trigger another burn event. It only took a matter of hours to hit the first 10 million slap milestone. The next big burn event will take place when the Slapometer reaches 25,000,000.
As well as underpinning token value by increasing scarcity, the burn program provides the community with even more incentive to have fun with slapping – and that’s before Slap-to-Earn provides individualized rewards for players.
Catslap Goes Ballistic As Token Holders Race Past 8,200, Social Followers Surpass 12,000
According to the latest Ethereum blockchain explorer data, the number of $SLAP token holders has mushroomed to 8,275. Growth in active traders is mirrored on social media where the community is expanding by leaps and bounds.
Membership across X (9,951) and Telegram (2170) was 12,121 at the time of writing, as the community witnessed accelerating daily growth (averaging 10% daily) – exactly the sort of online success a viral meme coin project needs to be seeing.
Who tf asked this guy. Get slapped 😺 pic.twitter.com/qr10PaxQIp
— CatSlap (@CatSlapToken) November 28, 2024
Expert Sees Catslap (SLAP) Price Soaring 50x, Boosted By Stunning MC-To-Liquidity Ratio
Influential YouTuber Michael Wrubel with 312k subscribers to his channel has invested in Catslap and thinks 50x returns are on the cards.
There are many things Wrubel likes about the project, but one he highlights is the market cap-to-liquidity ratio. When he made his video, the undiluted market cap was $9.64 million, and liquidity was $1.7 million.
Following the topping up of the liquidity pool mentioned earlier, the MC-to-LP ratio is now $11.8 million to $3.8 million, a doubling of the ratio.
Traders love to see that sort of bountiful liquidity. It means trades can be larger and smoother, which in turn will attract more buyers, improve market depth and enable the price to rise to target the all-important $100 million market cap.
Next Price Levels For $SLAP Bulls To Watch – New ATH Incoming Soon?
After a week of trading there is enough price history to make use of Fibonacci retracement levels. Key levels can be seen at 50% (0.5, green line), 38% (0.382, yellow line) and 23% (0.236, red line), which coincide with $0.003537, $0.004349 and %0.005337, respectively, as shown by the circled areas below.
The price trajectory illustrated below may turn out to be conservative, with $SLAP breaking through 0.0053 much sooner in early December because we are not building in pricing momentum.
If we add the relative strength index to our technical analysis we can see that prior to the price making its run-up to the all-time high of $0.0069, the RSI peaked at 95. That is significant because it is exactly what the indicator is reading today.
Overbought regionality is not much use in low-cap new meme coins, so leaving that aside we can interpret the current 95.6 level as a strong signal that the price will continue to move higher, some healthy retracement along the way notwithstanding.
The chances of a retesting of ATH before the month ends are high.
Buy And Stake $SLAP Via Best Wallet Or Catslap Website
Web3 crypto wallet Best Wallet is fast making a name for itself in crypto and its ‘Upcoming Tokens’ feature may be the star that makes it shine so brightly. Among the tokens on sale there is $SLAP.
You can easily buy and stake $SLAP. By taking the long-term approach and staking for 12 months, you will earn a 40% return on your deposit.
Best Wallet has been installed by more than 100,000 users, bringing a highly engaged audience to Catslap. If you don’t have the app already, you can download it here: Google Play or Apple App Store.
You can also buy Catslap by visiting the Catslap homepage where there is an exchange widget – payment methods are ETH, USDT or card.
Buyers will be pleased to know that the $SLAP token has been audited by SolidProof and no critical issues have been found.
After a bout of profit-taking, $SLAP is clawing its way higher, which suggests a breakout is imminent. And with a major announcement coming early next week that may include news of CEX listings, hilarious feline Catslap requires your urgent attention.
Visit Catslap Token website or Best Wallet to buy $SLAP
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