Whenever we read meme-coin, the first thing that comes to our mind are Dogecoin and Shiba-Inu. The tokens have become quite popular in crypto space. They are now among the two crypto-assets in the market. But this new coin can give a tough competition to Dogecoin.
Catecoin is an Alternative To Dogecoin?
Tech-savvy investors are now attracted to Catecoin. They have found an alternative to Dogecoin in Catecoin. But, why so? Let’s look at the reasons:
Price Can 100x
Despite losing half of its market cap since its peak in 2021, Dogecoin continues to be among the 10 crypto-assets in the market. Compared to this, Catecoin might seem like just another coin. But Catecoin has the opportunity to blow up since its market cap is currently under 100 million dollars. There is also the possibility that small meme-coins will grow by 100x return over the next few years.
More Opportunities
Meme-coins heavily rely on hype to increase its value. However, now crypto investors expect a lot more. And, Catecoin is designed in such a way that it offers more utility than other meme coins. For instance, Catecoin provides a decentralised wallet enabling Catecoin to store dozens of other cryptocurrencies. In addition, it has anti-whale policies and double digit annual staking returns.
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Increasing Whales Interest
Lastly, the attention from several whale investors is increasing the hype around it. As per the latest on-chain data, large BNB holders, Dogecoin and Shiba Inu whales are buying majorly. Soon, the retailers will start understanding the advantages of Catecoin over Dogecoin.
Catecoin might have just begun its journey, but soon the price of this cat-themed meme-coin could explode anytime. There is also this possibility that some big crypto investor may find out about Catecoin and become a fan of it. At the time of writing, Dogecoin was trading at $0.07095, up by 3.47% in the last 24 hours.
Source: https://www.thecoinrepublic.com/2022/08/08/new-meme-coin-catecoin-is-threat-to-dogecoin-heres-why/