Cat Memecoins: How This Trend Is Booming and How You Can Profit

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Cat Memecoins: How This Trend Is Booming and How You Can Profit
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Cat-themed memecoins aren’t just meowing, they’re roaring for space. In fact, one of them ended up registering the third-highest gainer in the Top 100 last week, showing the strength of this niche.

This was the case of POPCAT, a Solana-based cat memecoin, whose price soared 37% and was only behind SUI and TAO in terms of growth. To give you an idea, this performance was more than five times greater than that of Bitcoin (BTC), which rose 7.4% in the week.

With the interest rate cut made by the US Federal Reserve, which reduced rates by 50 basis points, risk assets have risen again. And in addition to BTC, cat memecoins promise to emerge in this cycle. So, see what are the biggest bets for appreciation in 2024 and how you can benefit from them.

Telegram continues to generate the most promising memecoins, and Catizen is the latest in this wave. This is yet another game created on the app that has promised future airdrops for those who hold its tokens.

Catizen

In this sense, the team stated that the game token (CATI) can be used to earn a ticket for future airdrops through a season pass. In other words, whoever holds the token will be able to receive future airdrops indefinitely.

Catizen’s initial plans reward players with 15% of its total token supply. And the first lucky ones already benefited on Friday (20), with the token’s launch on the TON network.

However, players were not entirely satisfied, especially with the percentage of tokens to be airdropped. They had initially expected to receive 34% of the supply, but the total allocated was less than half. However, Catizen said it would hold back 19% for a “quarterly seasonal airdrop campaign.”

Created less than a year ago, POPCAT has quickly become one of Solana’s biggest memecoins and promises. Inspired by a famous meme of a cat with its mouth open, the memecoin is already close to the $1 billion mark and is currently the seventh largest cryptocurrency in this niche.

With the US interest rate cut to the 4.75% to 5% range, risk assets have returned to gains. And POPCAT not only led the gains among cat memecoins, but outperformed already established projects.

“Memecoins are seeing a surge largely due to anticipation of increased liquidity following the Federal Reserve’s recent 0.5% interest rate cut,” said Alex Andryunin, founder of Gotbit Hedge Fund. “Market expectations for lower rates have converged, and with the prospect of more liquidity entering the financial system, investors are embracing a bullish sentiment.”

Cat Memecoins: How This Trend Is Booming and How You Can Profit

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Cat Memecoins: How This Trend Is Booming and How You Can Profit

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Cat Memecoins: How This Trend Is Booming and How You Can Profit

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