This Cat-Themed Meme Coin Marks New ATH as ‘Cat Season’ Knocks on the Door: Particulars

TL;DR

• Simon’s Cat (CAT) has surged by double digits in two weeks, reaching a brand new all-time excessive and gaining traction amongst merchants.
• It’s now the fourth-largest in its realm, with different tokens like Popcat (POPCAT) and Mog Coin (MOG) additionally seeing substantial good points.

The New Peak

Simon’s Cat (CAT) – a meme coin launched on the BNB chain on August 22nd – has proven fairly a powerful efficiency. Its value is up 70% on a two-week scale, hitting a contemporary all-time excessive of $0.00003355 (per CoinGecko’s information) earlier as we speak (September 13).

The coin’s leap aligns with the bullish stance of a number of market observers, a few of whom imagine the “cat season” is but to make large waves within the house. One X consumer claimed that CAT “is constructing a stunning natural neighborhood,” with pockets holders crossing 26,000. 

One other (utilizing the X deal with Unipcs) praised the token’s ATH, predicting it’s going to finally grow to be “the one cat to rule all of them.”

It’s price mentioning that the meme coin additionally caught the attention of some main cryptocurrency exchanges. HTX (previously generally known as Huobi), as an illustration, introduced CAT/USDT perpetual futures with as much as 50x leverage.

MEOW, New Perpetual Itemizing! #HTX provides $CAT/ $USDT perpetual futures with as much as 50x for lengthy & quick trades. @SimonsCatMeme

Particulars: https://t.co/VJMCDU1vqI pic.twitter.com/1mdwbR0bxw

— HTX (@HTX_Global) September 13, 2024

These merchandise permit merchants to invest on value actions with out immediately proudly owning the underlying asset. They are designed to be held indefinitely and require market individuals to keep up a sure margin stage to maintain positions open.

What Concerning the Different Cat-Associated Memes?

CAT is at the moment the fourth-largest cat-themed meme coin, with a market capitalization of round $220 million. The undisputed chief, Popcat (POPCAT), has almost $650 million, and its valuation has additionally been flying excessive just lately. It at the moment trades at round $0.65, a 27% spike in comparison with the determine noticed per week in the past. 

Some of the exchanges providing companies with POPCAT embody Bybit, KuCoin, Crypto.com, Gate.io, and extra. The US-based Kraken can even hop on the bandwagon, promising to record the token subsequent week. 

Different cat-themed meme cash whose costs have risen by double digits prior to now seven days are Mog Coin (MOG), Kittekoin (KOIN), and MANEKI (MANEKI).