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CRYPTO MECHANIC
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FED CHAIR POWELL Says “WE’RE NOT ALLOWED TO OWN
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it's been two days since $1000CAT (Simon's Cat) Listed on Binance and it's always good to have some important information of a project including what the project do, usecase and the future plans. Here is the most amount of information about the movement token. **What is Simon’s Cat?** A Web3 token based on the iconic Simon’s Cat IP by Simon Tofield, blending Web2 familiarity with Web3 innovation to engage fans and promote blockchain adoption. **Key Features** Hybrid Integration: Combines Web2 and Web3 for seamless user experiences. Community-Driven: Rewards, exclusive events, and interactive content. Global Accessibility: Multi-chain presence on BNB Chain and Solana. Social Responsibility: Supports animal welfare through donations and partnerships. **Utility & Tokenomics:** Multi-Chain Compatibility: Expands earning and trading options. Low-Cost Transactions: Powered by BNB Chain and Solana. Revenue-Based Burns: App-generated revenue funds token buyback and burn. Charitable Efforts: Supports animal welfare via the Simon’s Cat Foundation. **Tokenomics** Total Supply: 9T (10% burned; 8.1T remaining). Circulating Supply on Binance: 6.75T (1.14T Binance hodler airdrop). $1000CAT tokens were airdropped to users holding BNB and subscribed to Simple earn. I have shared in depth analysis of the project in this article you can give it a read . 👇 Everything You Need to know about CAT
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Once this is over there will be some great opportunities for the next leg up. so make sure you don't blow your accounts using high leverage trying to guess where the bottom is.
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It's a pretty good Spot to deploy some Capital in the market in my opinion 40 -50% discount on average is so good.
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If you're holding Altcoins on Spot, I don't think you should panic knowing that Altcoins are down 40-50% on average from the last peak. It's not going to zero. this is the third sell off without any significant bounce. I do think there will be a good bounce soon. Remember we are still in bull market , $BTC Is still close to $100k. If you're on Spot, Take no worries.
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Got a few comments asking me if I'm buying or not. No not buying. I probably won't do anything until next week.
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