Crypto

Simon’s Cat Becomes First Cat Meme Coin to List on Binance Spot, Pumps 47% – is Catslap Next?

1 day ago
Bitcoin Ethereum News

A Binance spot listing caused the Simon’s Cat price to surge by 47% in the past 24 hours.

Could the new viral meme coin Catlsap be next on the platform’s listing radar?

Binance’s First Cat Coin Listing

Simon’s Cat has made history as the first cat-themed meme coin to secure a Binance listing.

Binance announced on Monday that it would launch Simon’s Cat alongside Pudgy Penguins’ new meme coin Pengu on the Binance Airdrop Portal.

However, Simon’s Cat was the first to break the news to its community, cheering that “CAT season made history” as the project became Binance’s first cat coin.

The listing had a huge impact on the CAT price. It’s currently trading at $0.00006, up 47% in the past 24 hours, 36% this week, and 19% this month.

It holds a $408 million market cap and a $488 million 24-hour trading volume.

The Binance listing follows other recent CAT developments, such as a Polynex listing and an expansion to the Solana network.

Trader Says CAT Remains “Undervalued”

With a market cap of $488 million, a prominent trader has labeled Simon’s Cat undervalued compared to the top cat-themed meme coins, Popcat and Mog Coin.

In addition to listing on Binance, Simon’s Cat has the advantage over these two projects because it has intellectual property (IP) rights to Simon’s Cat artwork.

This is a huge deal right now because Mark Longo, Peanut the Squirrel’s former owner, filed a lawsuit against Binance on Monday for “unauthorized use of Peanut’s likeness.”

Another advantage is that Simon’s Cat is a BNB chain-native meme coin. The BNB coin currently holds a $103 billion market cap, yet its meme coin ecosystem remains thin.

This presents a huge opportunity for Simon’s Cat to grow, especially compared to Solana-based meme coins, which have fierce competition.

With these advantages and a tailwind from its Binance listing, Simon’s Cat’s future looks bright.

Binance overlooked Popcat and Mog Coin in favor of a more interesting and high-potential alternative.

This is a listing strategy that Binance has embraced in recent months, bypassing well-known meme coins in favor of smaller alternatives.

With that, traders are turning to Catslap as the next potential Binance listing.

Could Binance List Catslap Next?

Like Simon’s Cat, Catslap stands out among cat coins with multiple innovative features.

But here’s why speculation is brewing about a Binance listing: Catslap is set to unveil a “major announcement” in two days, and it’s expected to be a tier-1 centralized exchange listing.

The project was recently listed on MEXC and has been off to a flying start. The exchange has processed 63.43% of Catslap’s entire trading volume today.

https://twitter.com/CatSlapToken/status/1866816265391690014

The MEXC launch also caused Catslap’s price to reach a new all-time high (ATH), which sparks hope of another price rally in the coming days.

Catslap places a huge emphasis on tokenomics and community rewards.

Starting with tokenomics, it has staking, burning, and buyback mechanisms, which help improve $SLAP’s supply and demand dynamics.

Moving to community rewards, the project boasts a “Slap-to-Earn” game in which users can slap an image of a celebrity and earn points, making them eligible for an airdrop. The ten highest scorers will even get to share a $100K prize pool.

Users can also enter the airdrop by completing social quests, which will help grow Catslap’s community.

Analyst ClayBro pointed to these features alongside its forthcoming announcement as a reason $SLAP could have 50x potential.

Catslap currently holds a $20 million market cap.

This leaves room for a 20x to catch Simon’s Cat and more than a 50x to catch Mog Coin or Popcat.

Visit Catslap

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.

Source: https://bravenewcoin.com/sponsored/presale/simons-cat-becomes-first-cat-meme-coin-to-list-on-binance-spot-pumps-47-is-catslap-next