Catcoin might become the future king of the meme coins pusing back Doge and Shib
Since 2013, there have been a vast array of meme coins entering the crypto market space and exploding in popularity. Earlier, their existence was only just for fun and entertainment, and the result was that crypto nerds started creating silly Bitcoin forks. But after Dogecoin showed its true potential, other major meme coins like Shiba Inu started attracting several loyal investors who also consider SHIB and DOGE as long-term investment assets. Shiba Inu and Dogecoin might be the biggest competitors in the crypto market, but they are also the pioneers for other meme coins. SHIB and DOGE have set the course for other meme coins to flourish and establish themselves as serious competitors of some of the top cryptocurrencies in the market. There is another memecoin that has recently launched and is already on its journey to make its way among the major digital currencies. Catcoin, is a new meme coin that is making Shiba Inu and Dogecoin investors change their minds about their investments.
The Rise of Meme Coins
The shocking popularity of meme coins in recent years has got young investors excited about cryptocurrencies and meme crypto ideas. Experts have revealed that the entire domain of meme coins was created to play on people’s anxieties by inflating every aspect of the currencies, driving even the most cautious investors to their wit’s end. Among all the meme coins, Dogecoin and Shiba Inu are the most successful. Generally, the price values of meme coins are generally lower than most other cryptocurrencies, resulting in volumes of daily trading from new and young investors.
The factor that plays a major role in the rise and fall of meme coins is how they are treated as short-term investments, and so much as money-generators of the market. Currently, meme coins are on the front page of every consumer-investing website. But several crypto analysts and experts suggest investors think logically and research thoroughly before investing in meme coins, especially major coins like Shiba Inu and Dogecoin. Meme coins have been the subject of fraudulent activities, most commonly in pump-and-dump schemes. However, there are investors in the market who take these coins seriously due to generating the most lucrative incomes in the shortest periods of time.
One of the many reasons why meme coins have grown in popularity is because people have started spending more time on social media networks and have noticed the popularity of meme coins and promotions from several influential public figures and celebrities. Furthermore, since creating a meme coin is far less complicated than a cryptocurrency, more and more new meme coins are emerging in the market.
Miaoshi Nekomoto launched Catcoin back in November 2021 to create a community-driven token based on a meme with the big dream of creating a large ecosystem for cat lovers. Currently, the CATS token is a huge competitor against DOGE and SHIB and has emerged as one of the best memecoin investment options in 2022, due to its stunning performance capability and exciting features. It is the first crypto-related project to offer live streams on Twitch, allowing the community to share their thoughts on Catcoin at any time.
This unique and strong performing meme coin is said to soon surpass all the success levels of other major meme coins like Dogecoin and Shiba Inu. Catcoin can also be used to develop applications to provide the community with various tools and simplify the crypto world for new investors. The creators claim that CATS is not just a token, but a revolution in itself in the crypto market.
Even though Catcoin was developed with big goals, the initial liquidity was reported to be US$10,000. The coin mainly focuses on delivering the best services to its community rather than spending loads of money on marketing tactics. It values a friendly and caring community, in which anyone can be a part of the family.
Its development is primarily focused on the Catnip project, which is expected to be delivered and released in 2022. Also, due to the reflective function of the token, the holders can multiply tokens themselves. Investors can hold CATS and watch their numbers grow automatically. They can also track their reflections and calculate if they are all ready to use their Reflection tool.
Its goal for 2022 is to build a solid community that will continue developing Catnip. It will be an encrypted, anonymous platform that uses blockchain technology to create a secured identity and allow its users to use the platform and send CATS anywhere in the world as a secondary function.
Well, now the only question that remains is, will the era of the dogs come to an end? Will catcoins take over the crypto meme field? Only time will tell.
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