Why did cati start to plummet as soon as it was listed on Binance? What is the difference between it and dogs and not on the same chain?
CATI is a game, and the essence of the game is popularity. It is not difficult to find that the popularity and revenue of the games we usually come into contact with have increased year-on-year.
After counting many Ton game projects on Binance, there is a small space to compare with the upper limit, but there is no lower limit to compare with the lower limit. Although the popularity of Binance was very high when it was first launched, it may be the peak of CATI. When the popularity gradually fades, the corresponding price will usually gradually fall.
We can find the answer from history
Take DOGS as an example. It has the same attributes as CATI and is attached with the ton gene. Because DOGS, as a meme coin, is also the logic that the higher the popularity, the more expensive the price.
DOGS was the hottest stage at the beginning of its launch, and it did have a short-term rise. However, after a few days, or after the next new coin was launched and the popularity was transferred, the price of DOGS continued to fall, and the decline has exceeded 50% so far.
From a time perspective, the three meme coins (100000babydoge, NEIRO, TURBO) launched on September 16 have begun to lose popularity, and people's attention has begun to shift to CATI, so their coin prices are also beginning to fall, which confirms the previous point of view.
This also confirms the meme market's "buy new, not old" thinking. The game sector to which CATI belongs is a relatively old sector.
The difference between CATI and DOGS and NOT
1. The difference in circulation volume. The first two are basically fully circulated. If you are not clear, you can refer to my previous articles. There is no selling pressure in the latter, and there is no rat warehouse. On the other hand, CATI still has 69.5% of the coins waiting to be unlocked. Even if it goes up, there is nothing to do when the selling pressure comes down.
2. CATI's basic users are not as good as NOT (daily active users have exceeded 50 million) and DOGS (as of August 22, the number of users of the DOGS channel has exceeded 16 million, becoming the fourth largest channel in Telegram worldwide).
So for players who still hold CATI, what will you do? Continue to hold or sell at a loss? Brother Feng has formulated a detailed strategy here. You can find me for details and I will give you the best solution.