With all these baby steps, CatCoin Price has surged 4793% within a month. It has become one of the most profiting meme coins after this price surge, and most were unaware of this price growth. Compared to one-year data, the price is up more than 11,000%. So what’s happening? How was this meme coin hidden among Dogecoin, Shiba Inu, and other Meme coins?

This blog will cover the description of the CatCoin meme coin and why its price has surged above 4000% in just a few days.

Introducing CatCoin and CatCoin Price Analysis

As known to most, dog coins like Dogecoin, Shiba Inu, Floki Inu, and many others are the dominating meme coins in the market. In an attempt to diversify the meme market, the CatCoin meme coin was launched in 2021. It is a cat-themed cryptocurrency. CatCoin is a deflationary token, which means the token’s total supply keeps decreasing with time. At the time of writing, the token has a total supply of  50,000T CAT, and all the tokens are in circulation.

Also Read: Top Meme Coins To Buy With 100X Potential

CatCoin price is currently at $0.000000001295 after a 75% surge in a day. Despite the price growth, there’s no change in the token’s market cap from yesterday. It is at $64.01 Million with a trading volume of $30.53 Million after a 20.02% hike in just a day.

This prominent peak started forming on the 23rd of March when the value was only $0.0000000015 with a trading volume of $0.7 Million.

CatCoin has presented an impressive performance throughout this month. The last spike for the token was in August of 2023, where it set the previous ATH high record of $0.000000000044.

Top Reasons Why Catcoin Price Surged

Because of its poor performance, CatCoin’s role in the market was limited. With the recent CatCoin price jump, the token has captured the investor’s attention.

CatCoin is different from the other meme coins, which makes it even more intriguing. The token is maintained under DAO (Decentralized Autonomous Organization) and follows the peer-to-peer architecture. Here, the community decides on the token instead of the organization or any third party.

These features have been highlighted in the recent surge, building the demand for the token. The CatCoin team was also seen actively participating and posting on X with their followers in the last few days, leading to making their place in trending cryptocurrencies.

The hype began on the 23rd of March and is continuing even now. It all started with a 300-billion CAT token giveaway where two lucky winners were selected randomly by the CatCoin team. The giveaway post stood to 76,000 people and thousands of shares and comments.

Giveaway 300000000000.00 $CAT

Random Pick 2 Winner who fulfil below Condition –

– Follow @catcoin
– RT this tweet with #catcoin
– Drop your #Solana Address

Web – https://t.co/6zcqpXYsDm

— CatCoin (@catcoin) March 21, 2024

As the token started to gain some hikes, the bullish crypto market pushed the crypto even ahead, leading to a continuous price surge.

Conclusion

With the ongoing bullish situations, many meme coins are getting the opportunity to prove themselves this time. CatCoin price has surged 4793% this March with hyping the potential of the token to take over the dog-themed meme coins. If the market situation remained the same, the  CAT token might take over the meme market.

Read more about Understanding the Crypto Bubble: Myth vs Reality

The post CatCoin Price Surged 4000% Amid Market Volatility; What’s Happening? appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am