MEME coin is the most eye-catching track in 2024. With the strong investment of institutions such as DWF, we have also begun to focus on research. From 24 years to date, $PEPE has increased by more than 10 times, $PEOPLE has increased by more than 8 times, and the rising stars $WIF and $BONK have ranked in the top 60 in market value. MEME has become a track that cannot be ignored in this round. Its speculation and community cohesion are also constantly attracting more investors. The next thing to share is the full-chain meme of $Bonk, which is known as LayerZero @OmniCatCoin
Since the last cycle, countless MEME coins have appeared on various blockchains, but the recent trend is that dog themes are no longer the only dominant ones. Tokens inspired by cats, other animals, and even politicians and pop culture icons have begun to attract attention. According to Coingecko statistics, dog-themed meme coins account for 70% of the total meme coins, and Cat accounts for 3.5%. There is still a lot of market space for dog-themed meme coins!
OmniCatCoin is the first cat-themed MEME coin based on the LayerZero_Labs full chain. It allows users to seamlessly transfer assets between eight chains: ETH, Solana, BSC, Base, Polygon, Arbitrum, Blast, and Canto, thereby increasing transaction flexibility and reducing costs. This is similar to $BONK, which supports multiple chains, but the market value of $BONK is $1.96 billion, while the market value of the token $OMNI is only $12 million, a difference of more than 140 times!
Why multi-chain is so important to meme, the reasons can be summarized as follows:
① Enhanced liquidity: Allow users to freely choose trading platforms between different blockchains, thereby significantly reducing transaction costs
② Expand the user base: Able to attract native users of different blockchains
③ Market awareness: Multi-chain enables Omnicat to participate in multiple blockchain ecosystems and cooperate with projects on other blockchains, increasing its exposure and market awareness.
Another benefit that cannot be ignored is that token holders have airdrop opportunities on multiple chains at the same time, just like a universal golden shovel! For example, the recent Blast Jackpot event, which regularly rewards tokens on Blast and NFT holders, can get airdrop rewards by holding $OMNI and cross-chain to Blast, adding tokens to the Jackpot deck!
From the perspective of the platform, we can see that all major Web3 platforms are engaged in a fierce battle for MEME. Solana is the biggest winner this year, and TON and BASE are not far behind, launching $NOT and Facaster tokens respectively. As the top meme coin on LayerZero, Omnicat will also benefit from the technical support of the Layer Zero protocol to ensure the stability and efficiency of multi-chain operation and win in the fierce meme coin competition!
What is exciting is that LayerZero is about to conduct a TGE, and TGE events are often a major boon to the main tokens deployed on the platform! Tokens deployed on Arbitrum also achieved amazing gains due to the $ARB TGE in March last year! For example, $RDNT rose 135% from the bottom, and $GRAIL rose 215% from the bottom! And $OMNI’s low market value of $12 million may mean greater upward momentum!
The number of Omnicat holders is also rising rapidly, and has now reached 27,000. In contrast, the cat-themed meme $Michi, which has a market value of $115 million, has only 23,500 holders!
Omnicat's official Twitter account has 28,300 followers and TG community members are 3,800 people. The community atmosphere is relatively active, and the transactions are all on the chain, fair and transparent. It is a community-oriented meme coin. Considering the current market value, it is at a relatively low level and has great potential in the future.
Omnicat has a certain similarity with $BONK in terms of market performance. $BONK had a huge trading volume in early March, and then the price fell sharply, with a 75% correction from the high point, and rose 217% 40 days after the bottom support! $OMNI experienced the same correction as $BONK, with a ratio of up to 80%. After receiving strong support at the bottom, it has not risen significantly. If it imitates the increase of $BONK, it will be at least three times the current level!
The token is currently open for trading on exchanges such as Bybit, Bitget, MEXC, BingX, etc. The trading volume is only 660,000 US dollars, which is much less than the peak period of the price. It is a manifestation of the reluctance of existing holders to sell. The support at this price is more obvious.
From the perspective of smart money on the chain, the number of smart money holders has remained stable and has not changed significantly. This shows that smart money still maintains a relatively long-term optimistic attitude towards the project. It is worth observing.
Omnicat is also about to launch an ONFT event. You can mint OmniCat NFT on Blast by spending 500,000 $OMNI. At the same time, NFT can be burned and exchanged for tokens at any time, without any risk. ONFT minters are eligible to participate in the Blast Jackpot. The Blast airdrop will be held on June 26!
Summary: Omnicat is a top meme on #LayerZero. The multi-chain empowerment enables it to have liquidity, user base and market awareness that other memes do not have. Whether it is the multi-chain characteristics or the community activity, it has a high degree of similarity with $BONK. In addition, LayerZero is about to TGE, combined with its current low market value, the subsequent growth potential cannot be ignored!
