This Cat-Themed Meme Coin Marks New ATH as ‘Cat Season’ Knocks on the Door: Particulars - BitRss - Crypto World Information

TL;DR

Simon’s Cat (CAT) has surged by double digits in two weeks, reaching a brand new all-time excessive and gaining traction amongst merchants.
It’s now the fourth-largest in its realm, with different tokens like Popcat (POPCAT) and Mog Coin (MOG) additionally seeing substantial positive factors.

The New Peak

Simon’s Cat (CAT) – a meme coin launched on the BNB chain on August twenty second – has proven fairly a formidable efficiency. Its worth is up 70% on a two-week scale, hitting a recent all-time excessive of $0.00003355 (per CoinGecko’s knowledge) earlier at the moment (September 13).

The coin’s leap aligns with the bullish stance of a number of market observers, a few of whom consider the “cat season” is but to make large waves within the area. One X person claimed that CAT “is building a lovely organic community,” with pockets holders crossing 26,000.

One other (utilizing the X deal with Unipcs) praised the token’s ATH, predicting it’s going to finally turn out to be “the one cat to rule them all.”

It’s value mentioning that the meme coin additionally caught the attention of some main cryptocurrency exchanges. HTX (previously often known as Huobi), as an example, launched CAT/USDT perpetual futures with as much as 50x leverage.

MEOW, New Perpetual Itemizing! #HTX provides $CAT/ $USDT perpetual futures with as much as 50x for lengthy & brief trades. @SimonsCatMeme

Particulars: pic.twitter.com/1mdwbR0bxw

— HTX (@HTX_Global) September 13, 2024

These merchandise enable merchants to take a position on worth actions with out straight proudly owning the underlying asset. They are designed to be held indefinitely and require market members to keep up a sure margin degree to maintain positions open.

What In regards to the Different Cat-Associated Memes?

CAT is presently the fourth-largest cat-themed meme coin, with a market capitalization of round $220 million. The undisputed chief, Popcat (POPCAT), has practically $650 million, and its valuation has additionally been flying excessive lately. It presently trades at round $0.65, a 27% spike in comparison with the determine noticed every week in the past.

Some of the exchanges providing companies with POPCAT embody Bybit, KuCoin, Crypto.com, Gate.io, and extra. The US-based Kraken may even hop on the bandwagon, promising to checklist the token subsequent week.

Different cat-themed meme cash whose costs have risen by double digits previously seven days are Mog Coin (MOG), Kittekoin (KOIN), and MANEKI (MANEKI).

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