The Inside Scoop of the Big CATS Meme Coins in Crypto
LUCKNOW (CoinChapter.com) – The crypto space is filled with a popular array of themed tokens. Recently, the dog-themed DOGS meme coin was launched and, following DOGS’ popularity, Telegram’s Cats (CATS) meme coin is also under the popular meme coin umbrella. Several meme coins with ticker symbol “CATS” are available out there. This overview takes a look at all of the meme coin CATS tokens out there on the crypto marketplace.
Cats (CATS) — Telegram’s Meme Coin
Cats (CATS) is a meme coin based on the Telegram’s Ton blockchain. Unlike many other meme coins, CATS provides unique value by rewarding Telegram users based on their account age and activity level. The CATS token airdrop offers a simple way for Telegram users to claim tokens based on their engagement on the platform. The project has over 5.09 million subscribers and more than 7.5 million CATS holders, with holder numbers being driven by Telegram airdrops. The recent listing of CATS on the Bitget pre-market platform has added to its credibility and exposure.
Moreover, the airdrop has been active for 47 days, and with more exchange listings expected, the token’s market reach is set to grow. Currently, trading for the CATS token is locked, but withdrawals will be available after its official launch in Q3 of 2024.
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Lolcat (CATS) Coin
Lolcat is a meme coin that seeks to combine humor and community engagement to create value in the cryptocurrency market. The official website and its active Twitter account provide some insights into the project’s goals and activities. The coin is built on the Base blockchain, a layer 2 solution on Ethereum, which offers improved scalability and lower transaction fees.
Lolcat has an active community, as evidenced by its Telegram channel, which helps in building a sense of community around the coin. On CoinMarketCap, Lolcat coin has a market cap of $350,095, a price of $0.076999, and a daily trading volume of $1.03 million. These metrics indicate a relatively engaged community and some level of speculative interest.
Lolcat (CATS) Daily Price Chart. Source: CoinMarketCap
However, like many meme coins, Lolcat’s success largely depends on community hype and sentiment rather than any intrinsic utility. Additionally, the token has a circulating supply of 5 trillion cats, which can lead to inflationary pressures. Above all, while the team behind Lolcat has created a vibrant ecosystem, the lack of a clear roadmap or use case limits its long-term viability.
Cats (Ordinals) (CATS)
The “cats” meme coin under the Ordinals protocol is an unusual entry in the CATS-themed coin market. Notably, unlike most other meme coins, it uses the BRC20 standard, a protocol associated with Bitcoin. This gives it a unique positioning among meme coins, as it utilizes the robust security features of the Bitcoin network.
The current price for the “CATS” coin is $0.001398, with a market capitalization of $2.73 million and a 24-hour trading volume of $88,577. The trading chart displays extreme volatility, which could deter more risk-averse investors.
Cats (Ordinals) (CATS) Daily Price Chart. Source: CoinMarketCap
A major downside to this coin is the distinct lack of an official website or whitepaper, which raises concerning questions about transparency. The absence of comprehensive information makes it difficult for potential investors to assess the project’s security, legitimacy or long-term viability.
Catcoin (CATS) Token
Catcoin is one of the more structured and developed projects in the CATS meme coin space. It operates on the Binance Smart Chain and offers a detailed official website, a comprehensive whitepaper, and an array of community engagement platforms, including Twitter, Reddit, and Telegram. CertiK, a blockchain security firm, audit this project. Primarily, these resources demonstrate credibility that many meme coins lack.
Catcoin token currently trades at $0.095057 with a market cap of $505,401 and a daily trading volume of around $1,232. It recently underwent a contract migration from v1 to v2.
CATCOIN (CATS) Daily Price Chart. Source: CoinMarketCap Catscoin (CATS)
The Catscoin token operates on the Solana blockchain. It distinguishes itself by leveraging the advantages of Solana’s high throughput and low transaction fees. Helpfully, the coin’s official website and whitepaper provide an introduction to the project. Additionally, Catscoin’s details are also available on Solana’s chain explorer.
Currently priced at $0.00001822, Catscoin has a market cap of $19,204 and a daily trading volume of $446.
Catscoin (CATS) Daily Price Chart. Source: CoinMarketCap
Notably, Catscoin’s market activity is minimal, making it a highly speculative asset with high-risk exposure to market manipulation. Additionally, the fully diluted market cap of cats token is low at $18,222.
Above all, the crypto meme coin marketplace can be a daunting place. Hopefully, this overview has provided some clarification and useful background if your heart, and wallet, lie with cat-themed crypto.
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