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While the Bitcoin price remains range-bound, cat meme coins are dominating the headlines with explosive returns.
Popcat, Simon’s Cat and a new meme coin, Catslap (SLAP), are among the top crypto gainers on Wednesday behind heavy whale bidding.
In particular, the spotlight is on SLAP, owing to the rumours of upcoming Tier-1 CEX listings, burn events and its 8,400% explosive rally post-launch.
Is It Time To Go All In On Cat Meme Coins?
Cat-themed tokens appear poised to dominate the next meme coin rally and could be the best cryptos to buy for sidelined investors.
For instance, prominent experts believe that Popcat is heavily undervalued as compared to other large-caps in the sector. The POPCAT price is up by a meagre 13% in the past 30 days, while Dogecoin, Pepe and Brett have surged by more than 150% in the same period.
However, analysts believe that the local bottom is in for Popcat, which offers an excellent entry point for sidelined investors. Indeed, the Popcat price has successfully retested its macro trendline and has bounced back up by 8% today, prominent crypto trader Muro reveals.
RookieXBT, a prominent social media influencer with nearly 500k X followers, projects that the largest cat-themed meme coin will hit $5 by the end of the year.
https://x.com/RookieXBT/status/1863929767151456395
Similarly, smart money investors are scaling into long positions on Simon’s Cat (CAT).
Legendary Bybit trader Bluntz signals that CAT is breaking out from a falling wedge that it had created over the past 3 weeks. Trader Wojak concurs with his assessment and projects that Simon’s Cat could nearly double before the end of the year.
Simon’s Cat remains an attractive long-term investment in the meme coin sector. Being a multi-chain meme coin that is now live on both BNB Smart Chain and Solana, it has created significant brand awareness among potential investors.
Moreover, the meme coin is live on Binance Futures, with strong speculation that a spot listing on Binance or Coinbase could be next.
However, Popcat and CAT can only offer limited returns owing to their higher valuations. However, investors are eyeing up to 100x returns from microcaps like Catslap.
Is Catslap The Next 100x Meme Coin?
Whether it is Dogecoin, Pepe or recent phenomena like CHILLGUY, viral internet memes tend to give birth to the best meme coins.
Catslap is no different, inspired by the popular “slapping cat” meme. Launching at an initial price of just $0.0001179, the SLAP price reached an all-time high of $0.01 on Tuesday, a staggering 8,400% growth.
And yet, its peak undiluted market capitalization was $45 million. Catslap is currently trading at $0.0078, with a $35 million valuation and $6.8 million liquidity. Unsurprisingly, experts believe there is plenty of room for more explosive returns.
As such, the project is seeing strong community support, which is rare for most new Ethereum meme coins.
For instance, the token already has over 12k holders, nearly 11k X followers and over 3k Telegram subscribers, all within two weeks of its launch. Moreover, over 368 million $SLAP coins have already been staked in its reward pool and are earning 40% APY.
Furthermore, its deflationary tokenomics have made it an attractive investment for smart money investors. Nearly $200k worth of SLAP coins have been removed from the market through the buy-back program while over $1.16 million worth of tokens have been burnt, both providing a major bullish boost to the token.
The developer team has also launched a Slap-To-Earn game. Players with the most slaps become eligible for the upcoming airdrop. Moreover, once the “slapometer” hits certain milestones, a portion of the SLAP token supply is burned.
An ongoing countdown on the Catslap website promising a “major announcement” is also adding to the hype. The Telegram community is speculating that a major CEX listing could be revealed tomorrow on Thursday.
Whales are extremely bullish on the new meme coin and are buying on every dip. Even wallets connected to the Chicago-based proprietary trading house Jump Trading are buying SLAP.
According to the latest reports, they have purchased over $470k worth of the token, which is now sitting at over $660k.
Unsurprisingly, prominent crypto investors are bullish on Catslap, with some even calling it the next 100x meme coin.
Being a small-cap meme coin, inspired by a viral meme and with strong fundamentals, SLAP is also drawing Binance and Coinbase rumours.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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