{"id":404539,"date":"2023-06-04T13:23:43","date_gmt":"2023-06-04T13:23:43","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=404539"},"modified":"2023-06-04T15:48:51","modified_gmt":"2023-06-04T15:48:51","slug":"catgpt-token-pumps-3000-2-trending-crypto-coin-on-dextools-next-pepe","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/catgpt-token-pumps-3000-2-trending-crypto-coin-on-dextools-next-pepe","title":{"rendered":"CatGPT Token Pumps 3,000%, #2 Trending Crypto Coin on DEXTools – Next Pepe?"},"content":{"rendered":"
CATGPT, on DEXTools, registered a massive gain of 3000% in just a matter of 24 hours, leaving behind all of its competition. The token also managed to rank number #2 on the Hot Pairs list on DEXTools, right after PEPE.<\/p>\n
With such explosive movement in such little time, investors are betting on CATGPT to be the next PEPE. How true is that? Let’s find out!<\/p>\n
The earliest price data for CATGPT places it at $0.00000003930, as of 7:30 pm UTC, June 3. It has only been a little over 24 hours since the token underwent trading, and it has surged well over 3000%.<\/p>\n
Reaching a peak value of $0.000001763, CATGPT witnessed a staggering surge of approximately 4500% from its lowest price. Currently, the token is being traded at $0.000001376, marking an impressive 3107% increase in the past 24 hours. With a total supply of 1 Trillion, the token’s trading volume within the last day stands at $4.44 million at the time of writing.<\/p>\n
CATGPT has undergone three exponential price surges so far, each bigger than its predecessor. Each of these upsurges was followed by a subsequent consolidation, likely preparing the token for its next upsurge.<\/p>\n
Given the current price action of the token, the token is undergoing consolidation, inferentially. While there’s very little data available to perform a technical analysis of the token, assuming that CATGPT is preparing for its next upsurge based on previous price performance wouldn’t be a stretch.<\/p>\n
With that being said, it’s unlikely that CATGPT will have the same success as PEPE, as the token will have to make a 1000x jump to get even remotely close to PEPE’s highest market cap. With a current market cap of $1.37 million, investors can expect the token to deliver 10x returns in the short term at best.<\/p>\n
It’s important to remember that coins such as CATGPT have a high probability of turning out to be scams, although the token has decent ratings on the DEXTools platform. Since there’s no actual utility behind the project, predicting the token’s future performance becomes rather challenging.<\/p>\n
Memecoins, in general, have a tendency not to follow the price action of major cryptocurrencies since they are massively influenced by factors such as speculation, hype, and community involvement. CATGPT, in the same regard, will perform depending on what factors influence the tokens’ price.<\/p>\n
In this case, we’ve come across CatGPT, a platform that follows the same design as ChatGPT with a twist. Since both the token and the platform follow the same idea, we believe they could very well aid each other’s growth.<\/p>\n
In recent times, the internet has become a playground for AI innovations, propelled by the introduction of ChatGPT plugins and the ChatGPT API. As major players like Expedia and Snapchat embrace the potential of AI in their services, one particular AI creation has captured the hearts and imagination of users far and wide: CatGPT.<\/p>\n