{"id":598893,"date":"2024-11-15T12:26:10","date_gmt":"2024-11-15T12:26:10","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=598893"},"modified":"2024-11-15T12:26:10","modified_gmt":"2024-11-15T12:26:10","slug":"is-it-too-late-to-buy-scat-simonscat-price-skyrockets-77-and-this-might-be-the-next-crypto-to-explode","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/is-it-too-late-to-buy-scat-simonscat-price-skyrockets-77-and-this-might-be-the-next-crypto-to-explode","title":{"rendered":"Is It Too Late To Buy SCAT? SimonsCat Price Skyrockets 77%, And This Might Be The Next Crypto To Explode"},"content":{"rendered":"

The SimonsCat price skyrocketed 77% in the last 24 hours to trade at $0.0002798<\/a> as of 4.30 a.m. EST on trading volume that soared 5,442% to $5.9k.<\/p>\n

SimonsCat is a fairly young project that has been around for only a few months now, debuting in August of this year. After high activity in August and September, the project has mostly been trading sideways until now, when its activity started picking up again.<\/p>\n

However, for many, it represents a low-cap crypto, currently with a market cap of only $20.8k, which has the potential to go big.<\/p>\n

The project was inspired by the iconic Simon’s Cat animation, and it comes as a meem coin meant to capture the playful spirit of the popular feline.<\/p>\n

Some view it as a high-potential meme coin that managed to evade detection of the market amid the meme coin explosion, making it a project worth considering, especially now when the market is blowing up, and investors are looking for hidden gems throughout the industry.<\/p>\n

SimonsCat Price Prediction<\/h2>\n

Right now, the SCAT price is skyrocketing as the token emerged from the shadows as one of Solana’s top performers. Several technical indicators suggest that the community is rapidly buying, although this could also lead to a sudden drop if traders decide to take profit.<\/p>\n

The project’s price surged as a new wave of recovery started, pushing BTC back up, currently at the price of $89k. Meanwhile, SCAT has seen its Bollinger bands widen sharply, with a price surge that was so strong and sudden that it went beyond the upper band, which is trying to catch up to it at the time of writing.<\/p>\n

\"SimonsCat<\/p>\n

The token’s Relative Strength Index (RSI) also blew up, venturing deep into the overbought zone. In fact, the RSI climbed to 93.32 at the time of writing, which shows high community engagement. However, this could also be a signal of an upcoming correction.<\/p>\n

Typically, such strong price explosions lead to equally strong corrections that often bring the price back to its starting point.<\/p>\n

But, given that this surge was caused by a market-wide recovery, and possibly the continuation of the post-election rally, SCAT could still see its value surge further up somewhat in the hours to come.<\/p>\n

A sharp correction will take place at some point, however, which might mean that it is too late to get into SCAT now.<\/p>\n

Opportunity seekers might try to buy the token after it corrects and, in doing so, prepare for the next round of gains, which will undoubtedly come now that it has caught the eye of investors. Right now, however, there are better opportunities for investors to pursue.<\/p>\n

Promising Alternative To SimonsCat<\/h2>\n

One of the top alternatives right now is BEST token<\/a>, a native cryptocurrency of the Best Crypto Wallet, which went viral recently thanks to its mission to disrupt the Web3 wallet sector. The project recently launched its token’s ICO, and the presale quickly shattered the $300k milestone.<\/p>\n

The presale blew up not only because of the post-election rally that led BTC to $93k per coin but also thanks to Best Wallet’s own qualities.<\/p>\n

The wallet is packed with useful features and tools, all designed to boost the user’s profitability and innovate on the slow and often clunky wallets that are commonly used by traders and investors.<\/p>\n

\n

With the launch of our presale, now is the perfect time to explore the Upcoming Tokens feature in Best Wallet! 🌟<\/p>\n

Get access to early-stage presales and enjoy a range of exclusive benefits:<\/p>\n

1. Buy presale tokens directly in the app
2. Receive real-time claim updates
3. Easily… pic.twitter.com\/UKbGLrz3l2<\/a><\/p>\n

— Best Wallet (@BestWalletHQ) November 14, 2024<\/a><\/p><\/blockquote>\n