The post Why is Simon’s Cat (CAT) Trending On X? Is A New Price Rally Coming? appeared on BitcoinEthereumNews.com.

From an internet animated series with 1.6 billion views to a popular cat-themed token, Simon’s Cat has won over the netizens. The token is one of the highly demanded cryptos with $259.32M in market capitalization. It has also offered highly profitable days, achieving an ATH of $0.0000464 just a month ago. Moreover, the demand is persistent, as the CAT hashtag is trending on X today. Why is Simon’s Cat (CAT) Trending On X? Since the beginning of the year, meme coins have dominated the crypto market. As a result, a new demand for Cat-themed tokens formed, including one for Simon’s Cat, due to its reference to the popular animated series. More importantly, the token is up by 147.44% since the launch, presently trading at $0.00003835, which is significantly high. The token is again in demand for three reasons. It includes the rising demand for meme coins, as meme-themed tokens like Moodeng and Goatseus Maximus are bringing all the attention to this category. Additionally, its 60% surge in the last seven days has brought additional attention, as the market conditions are not entirely favorable. Despite that, it is calling for the need for profiting tokens like Simon’s Cat. With this, it is closer to its ATH and only needs a significant push to grow 17% more to surpass that. This demand peaked when the Binance exchange listed 1000CATUSDT perpetual futures, leading to a 100% rally on October 21, 2024. At that time, the CAT price grew from $0.00002 to $0.00004, showing an impressive performance. A similar rally might happen again as the OKX exchange has also listed the CAT/USDT pair. 🟢 #NewListing$CAT/USDT @SimonsCatMeme Spot trading is LIVE on #OKX! Trade now: https://t.co/8rvC969usA pic.twitter.com/pK26jtwMqw — OKX (@okx) October 25, 2024 Will CAT Price Hit A New ATH Anytime Soon? Right after its…

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Filed under: News - @ October 27, 2024 12:35 am