As a seasoned crypto investor with a penchant for identifying undervalued gems, I must admit that my initial skepticism about cat-themed meme coins has been shattered by the impressive performance of Simon’s Cat (CAT) and its peers.
As an analyst, I’ve been observing the dynamic crypto market, and it’s fascinating to see how digital assets based on popular internet memes like cat themes have been gaining traction. The recent debut of Simon’s Cat (CAT) on Binance‘s BNB chain on August 22 has truly marked a significant moment, as this meme coin has swiftly scaled new heights, setting a fresh all-time high (ATH).
In this current market cycle, there has been a substantial growth spurt for meme tokens on blockchains like Solana, Tron, and Ethereum. Some of these tokens are Pepe ($PEPE), Bonk ($BONK), SUNDOG, and many others. It’s worth noting that dog-themed meme coins have consistently demonstrated strong performance; however, the recent price surge in CAT tokens serves as a testament to the fact that cat-themed tokens also hold great potential.
In approximately ten hours prior to this writing, CAT reached its peak price of $0.00003371, and since then, it has decreased by 4.27%. This popular meme coin currently boasts a market capitalization of $214.74 million and a daily trading volume of about 120.42 million. Notably, its trading volume has experienced a decline of 20.10% over the past 24 hours.
Right now, the value of Simon’s Cat is $0.00003179 per token, which is a decrease of 0.39% compared to its previous price. Over the past day, it has experienced a low of $0.00003052 and a high of $0.00003371. There are currently 6.75 trillion CAT tokens in circulation, with a total supply of 8.1 trillion and a maximum supply of 9 trillion tokens.
As a researcher, I’d like to highlight an intriguing observation: Over the past seven days, Simon’s Cat has experienced a remarkable surge of 37.53%. Over the last month, this growth has been even more impressive, with gains amounting to 139.50%. This performance places it among the top performers in the meme coin sector within the digital asset space. Notably, significant CAT market activity can be found on platforms such as Pancakeswap (V2), Gate.io, Pancakeswap (V3), and HTX, formerly known as Huobi. Recently, HTX introduced a CAT/USDT trading pair for perpetual futures, offering up to 50x leverage for both long and short trades.
Cat Meme Coins Are Taking Over?
At present, Simon’s Cat is ranked fourth among popular cat-based meme coins in terms of market capitalization according to CoinGecko data. The top spot goes to POPCAT with a market cap of $628.62 million, followed by MEW at $370.61 million and MOG at $353.93 million, respectively.
Over the past week, POPCAT saw a significant increase of 28.7%, now trading at $0.6605. MEW also experienced a rise of 6.9% and is currently valued at $0.004238. Similarly, MOG climbed 31.4% to reach $0.051008. Notably, the fifth-largest feline-themed meme coin, Kittecoin (KOIN), has soared by a remarkable 56.6%, reaching $0.1753 in the last seven days, surpassing Simon’s Cat’s performance.
Notable meme coins experiencing significant growth over the past week include Sundog, increasing by 58.02%, and Neiro Ethereum (NEIRO), surging by 95.59% during the same timeframe.
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2024-09-13 16:27